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 on Sweden-based Electrolux, AB reflect the group's position as one of the leading companies in the worldwide appliance industry and its strong financial profile. Competition in this industry, however, is strong, and profitability is relatively low. In 2002, the company generated revenues of Swedish krona (Skr) 133 billion ($16 billion) and EBITDA after restructuring costs of Skr10 billion. At June 30, 2003, the company had total interest-bearing liabilities of Skr15.1 billion. Electrolux is the world's leading manufacturer of indoor appliances. Its brands include Electrolux, AEG, Frigidair, and Zanussi. Supported by its strong brand names, the company continues to maintain a market-leading position in the core white goods market in Europe and a number-three position in North America. The...
Companies mentioned in this report are: Electrolux AB
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