"The year 2007 was an eventful one for Electrolux. With the exception of appliances in Europe, we achieved higher income in all business areas. The operation in floor-care was again successful, with greater market shares. The operation in Latin America showed record-high income. In Australia, after several tough years, we strengthened our market position and achieved considerably higher profitability.

We also achieved higher income for products for professional kitchens and laundries, despite rising prices for raw materials and a weaker dollar. In Europe, our success in terms of higher average prices, a stronger Electrolux brand and a better mix has convinced me that our strategy works.

This gives us a good foundation for continuing to work on transforming Electrolux into an innovative, consumer-focused and even more profitable player in the global appliance industry."