Summary: Electrolux, AB Jul 03
- ID: 2035902
- July 2003
- Standard & Poors
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
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
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.
SHOW LESS READ MORE >