Electrolux published its 2021 report, which recorded a sales growth of 14.3% resulted in a net sales of Sek 126 billions. Operating income, excluding non-recurring items, reached Sek 7.5 billions corresponding to a margin of 6.0%. Combined with a strong capital turnover-rate of 5.3%, the company said it met or exceeded all its financial targets, delivering a return on net assets of 28.5%.
«Market demand was strong in 2021, as consumers continue to invest in their homes – explained Jonas Samuelson, President and CEO of Electrolux -. We delivered record sales and earnings and met or exceeded all our financial targets through an attractive product and brand offering, and we successfully offset significant cost inflation through price increases. There are many factors behind our good performance, but in addition to our focus on consumer experience innovation, I would like to highlight the ability of our employees to adapt quickly and successfully to a changing environment.»
Electrolux focuses its innovation on three areas: Taste, Care and Wellbeing. The Taste area includes the kitchen appliances that account for over 60% of the company sales, focuses on intelligent and digitally enabled solutions. The Care area, instead, includes user-friendly, resource-efficient washing machines and tumble dryers, while Wellbeing includes vacuum cleaners and air-conditioning equipment that promote healthy wellbeing in users’ homes with less carbon footprint.
