Electrolux AB provided earnings guidance for the year 2010. For the year, although there is still great uncertainty and many things can happen in the remaining part of the year, 2010 could be the year the company approach goal of an operating margin of 6% with continued improved capital efficiency.

Electrolux AB reported unaudited consolidated and parent earnings results for the second quarter and six months ended June 30, 2010. For the quarter, the company consolidated reported net sales of SEK 27,311 million and income was SEK 1,028 million or SEK 3.61 per share against net sales of SEK 27,482 million and income of SEK 658 million or SEK 2.32 per share in the same period of last year. Net sales increased by 2.8% in comparable currencies, due to higher sales volumes. Operating income amounted to SEK 1,477 million, corresponding to a margin of 5.4% excluding items affecting comparability. Operating income for the second quarter of 2009 was SEK 1,027 million. Operating income improved across all business areas, in comparable currencies. Higher volumes and product mix improvements had a positive effect on income. Higher costs for raw materials and increased marketing spend had a negative impact on operating income. Solid cash flow in the quarter. Excluding items affecting comparability, income for the period was SEK 1,173 million or SEK 4.12 per share compared to SEK 633 million or SEK 2.23 per share for the same period last year. Income after financial items was SEK 1,269 million compared to SEK 932 million for the same period last year. Cash flow from operations was SEK 3,842 million compared to SEK 4,076 million for the same period last year. Capital expenditure in property, plant and equipment was SEK 765 million compared to SEK 404 million for the same period last year. EBITDA was SEK 2,326 million compared to SEK 1,913 million for the same period last year. For the first half of 2010, the company reported consolidated net sales of SEK 52,444 million and income of SEK 1,939 million or SEK 6.81 per share against net sales of SEK 53,300 million and income of SEK 312 million or SEK 1.10 per share in the same period of last year. Return on net assets was 25.3% compared to 6.4% for the same period last year. Operating income SEK 2,501 million compared to SEK 666 million for the same period last year. Excluding items affecting comparability, income for the period was SEK 2,154 million or SEK 7.57 per share compared to SEK 693 million or SEK 2.44 per share for the same period last year. Return on net assets was 26.5% compared to 9.9% for the same period last year. Income after financial items was SEK 2,480 million compared to SEK 439 million for the same period last year. Cash flow from operations was SEK 4,633 million compared to SEK 4,715 million for the same period last year. Capital expenditure in property, plant and equipment was SEK 1.203 million compared to SEK 918 million for the same period last year. Return on equity was 20.5% compared to 3.9% for the same period last year. EBITDA was SEK 4,468 million compared to SEK 2,822 million for the same period last year. Excluding items affecting comparability return on equity was 22.7% compared to 8.6% for the same period last year. For the quarter, the company reported parent income for the period of SEK 2,354 million, income before taxes SEK 2,397 million and operating loss of SEK 98 million on net sales of SEK 1,400 million compared to income for the period of SEK 785 million, income before taxes SEK 772 million and operating income of SEK 41 million on net sales of SEK 1,187 million for the same period last year. For the six months, the company reported parent income for the period of SEK 2,390 million, income before taxes SEK 2,451 million and operating loss of SEK 247 million on net sales of SEK 2,729 million compared to income for the period of SEK 1,009 million, income before taxes SEK 992 million and operating loss of SEK 60 million on net sales of SEK 2,421 million for the same period last year.

Electrolux AB expected to report Fiscal Year 2010 results on February 4, 2011. This event was calculated by Capital IQ (Created on June 27, 2010).