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Electrolux: Consolidated Results 2006

Electrolux (LSE:ELXB) (STO:ELUXA) (STO:ELUXB) (STO:ELUXBE)

-- Net sales for continuing operations increased by 3.1% to SEK 103,848m (100,701) and income for the period amounted to SEK 2,648m (-142), or SEK 9.17 (-0.49) per share

-- Operating income amounted to SEK 4,033m (1,044), and adjusted for items affecting comparability, operating income increased by 13.7% to SEK 4,575m (4,024)

-- Improvement in operating income across all business areas

-- Strong fourth quarter for appliances in Europe

-- Stable results and margin for appliances in North America

-- Substantial improvement in results for Professional Products

-- Floor-care products up strongly in all regions

-- Increased investments in product development and brand building

-- The Board proposes a dividend of SEK 4.00 (7.50) per share

-- The level of the dividend reflects the fact that Husqvarna is no longer part of the Group and that SEK 5,6 billion has been distributed to shareholders through a redemption procedure

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