Half-yearly Report 2008
Highlights of the second quarter• Net sales increased by 2.4% excluding changes in exchange rates• Earnings per share amounted to SEK 0.36 (1.94)• Operating income declined to SEK 793m (921), excluding items affecting comparability• Underlying result in North America stable despite the weak market development• Electrolux product launch in North America is proceeding better than expected• Declining markets in Western Europe and currently high product costs had a negative impacton operating income for appliances in Europe• Cost-out initiatives in Europe are proceeding