President and CEO Keith McLoughlin’s comments on the results for the third quarter 2015

Organic growth and cost efficiency contributed to earnings
Electrolux operating income amounted to SEK 1.5 billion in the third quarter of
2015, an increase of 8% year-over-year. Our largest business areas, Major
Appliances EMEA and Major Appliances North America, which together comprise 65%
of the Group’s sales, achieved good organic growth and strong improvement in
earnings. Professional Products continued to perform well. The weak macro
-economic environment in Brazil had a negative impact on Major Appliances Latin
America. The Group had a strong cash generation of SEK 3.2 billion in the
quarter.

Demand for appliances continued to improve in almost all markets in Europe. In
Western Europe, there has been positive growth for seven consecutive quarters.
In this market, Major Appliances EMEA continued to actively manage the product
portfolio and gained market share in profitable segments such as built-in
kitchen. Our ongoing cost savings programs continued to contribute to earnings.
We expect the total European market to grow by 1–2% in 2015, including
deterioration in demand in Russia and Ukraine.

Major Appliances North America achieved good organic growth in the quarter and
volumes increased in almost all categories within core appliances. Profitability
within food preservations is now being restored. Earnings in this segment have
in previous quarters been impacted by the transition of the product ranges,
following the new energy requirements imposed in the second half of 2014.
Actions are underway to ramp up the cooking plant in Memphis, which has been
slower than anticipated. The US market for appliances continued to be solid and
we now expect growth in the range of 4-6% for the full year.

The market environment in Brazil continued to be challenging. Demand for
appliances weakened significantly in the quarter which affected sales volumes
and earnings. To mitigate the weak market we have taken cost reduction actions,
and we also implemented price increases to compensate for currency headwinds.
The decline in operating income in Brazil was to some extent mitigated by
stronger financial performance in Argentina and Chile. The macro-economic
outlook in Brazil remains weak.

Our operations in Major Appliances Asia/Pacific were impacted by lower sales in
China, as we are reducing the business scope in the Chinese market, while
profitability in Australia and Southeast Asia remained good. Professional
Products continued to perform well and the business area achieved its highest
operating margin ever in a quarter.

As previously announced, we continue to explore the possibility of a reasonable
settlement with the U.S. Department of Justice regarding the pending acquisition
of GE Appliances. At the same time, we are also preparing to defend ourselves in
court in November and we are confident of the merits of our case. We believe
that the appliance industry is more competitive than ever and we remain
confident that the acquisition will enhance our ability to deliver even more
innovative products at a better value to consumers, builders and retailers. The
acquisition is expected to strongly contribute to the achievement of the
Electrolux vision of being the best appliance company in the world as measured
by our customers, employees and shareholders.

Stockholm, October 23, 2015

Keith McLoughlin

President and CEO
For further information, please contact:

Catarina Ihre, Vice President Investor Relations at 46 (0)8 738 60 87

Electrolux Press Hotline, 46 8 657 65 07.

Electrolux discloses the information provided herein pursuant to the Securities
Market Act and/or the Financial Instruments Trading Act. The information was
submitted for publication at 08.01 CET on October 23, 2015
Electrolux is a global leader in home appliances, based on deep consumer insight
and developed in close collaboration with professional users. We offer
thoughtfully designed, innovative solutions for households and businesses, with
products such as refrigerators, dishwashers, washing machines, cookers, vacuum
cleaners, air conditioners and small domestic appliances. Under esteemed brands
including Electrolux, AEG, Zanussi, Frigidaire and Electrolux Grand Cuisine, the
Group sells more than 50 million products to customers in more than 150 markets
every year. In 2014, Electrolux had sales of SEK 112 billion and 60,000
employees. For more information go to www.electroluxgroup.com.