CONSOLIDATED RESULTS, 2004

Stockholm, February 15, 2005

• Net sales in 2004 amounted to SEK 120,651m (124,077), and net income to SEK 3,148m (4,778), corresponding to SEK 10.55 (15.25) per share. • Operating income declined to SEK 4,714m (7,175), mainly due to costs for relocation of production. • Cash flow improved to SEK 3,224m (2,866), exclusive of proceeds on divestments in 2003. • Strong fourth quarter for appliances in Europe and the US, substantial decline in income for appliances in Asia • Restructuring to be accelerated in order to finalize most relocation of production by 2008 • The Board proposes increasing the dividend to SEK 7.00 (6.50), dividend policy changed from 30-50% to at least 30% • The Board intends to spin-off the Groups’s Outdoor Products operation as a separate unit. For more information Financial information from Electrolux is also available at www.electrolux.com/ir