FIRST QUARTER REPORT, 2004

FIRST QUARTER REPORT, 2004 Stockholm, April 21, 2004 · Net sales amounted to SEK 30,493m (32,062), and rose 4.2% for comparable units, adjusted for changes in exchange rates · Operating income adversely affected by charge of SEK 979m for closure of Greenville plant in the US, and changes in exchange rates in the amount of SEK -125m · Operating margin, excluding the above mentioned charge, remained 5.6%, despite increased investments in building the Electrolux brand · Good performance for appliances in Europe and North America, improvement for appliances in Rest of the World · Substantial decline in income and margin for floor-care products in North America compared to a strong first quarter in 2003 · Net income amounted to SEK 532m (1,246) or SEK 1.75 (3.95) per share For more information Financial information from Electrolux is also available at www.electrolux.com/ir ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2004/04/21/20040421BIT00600/wkr0001.doc The full report http://www.waymaker.net/bitonline/2004/04/21/20040421BIT00600/wkr0002.pdf The full report