Summary: Electrolux AB Sep 06

Standard & Poors, September 2006

Abstract
The ratings on Sweden-based Electrolux AB reflect its position as one of the leading companies worldwide in the appliance industry and the group's modest financial profile. The ratings are constrained by strong competition in this industry and Electrolux' low profitability. Electrolux is the world's largest manufacturer of domestic appliances. The company's position is supported by strong brand names, including Electrolux, AEG, Frigidaire, and Zanussi. In the 12 months to June 30, 2006, the company generated revenues of Swedish krona (Skr) 135 billion ($19 billion) and earnings before interest, taxes, depreciation, amortization, and rent (EBITDAR) of Skr9.3 billion. At June 30, 2006, the company had total interest-bearing liabilities of Skr8.2 billion. Electrolux is well placed to maintain its leading market positions,...

Companies mentioned in this report are: Electrolux AB
Action: Review

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This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included.

Electrolux AB

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