Research Update: Outlook On Swedish Appliances Maker Electrolux Revised To Negative On Weaker Debt Metrics; Rating Affirmed At 'BBB+' Oct 13
- Language: English
- Published: October 2013
- Region: Sweden
The ratings reflect Sweden-based Electrolux AB's position as one of the leading companies worldwide in the appliance industry and the group's fairly modest financial leverage. Competition in this industry is strong, however, and profitability is relatively low. Electrolux is the world's leading manufacturer of indoor appliances. The company's position is supported by strong brand names, including Electrolux, AEG, Frigidaire, and Zanussi. In the 12 months to March 31, 2004, the company generated revenues of Swedish krona (Skr) 123 billion ($15.9 billion) and EBITDA (after write-downs and provisions) of Skr10.7 billion. At March 31, 2004, the company had total interest-bearing liabilities of Skr12.8 billion. The company is well placed to maintain its leading market positions thanks to its strong distribution channels...
Companies mentioned in this report are: Electrolux AB
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