Electrolux Half-Yearly Report 2003


STOCKHOLM, Sweden, July 17, 2003 (PRIMEZONE) -- HALF-YEARLY REPORT 2003



 -- Higher income for Consumer Durables in Europe, in a difficult
    environment

 -- Continued good sales growth and higher income in USD for Consumer
    Durables, North America

 -- Negative currency effect of SEK 600m on operating income

 -- Agreement signed for divestment of compressor operation

This report has not been audited.

Electrolux has applied in this report the accounting principles disclosed in Note 1 of the Annual Report for 2002.

Telephone conference and presentation:

A telephone conference will be held at 15.00 CET on July 17, 2003. The conference will be chaired by Hans Straberg, President and CEO of Electrolux. A slide presentation of the Group's Half-yearly 2003 results is available on the Electrolux website: www.electrolux.com/webcast1.

For more information:

Financial information from Electrolux is also available at www.electrolux.com/ir.

This information was brought to you by Waymaker http://www.waymaker.net

The full report is available for download:

http://www.waymaker.net/bitonline/2003/07/17/20030717BIT00030/wkr0001.doc

http://www.waymaker.net/bitonline/2003/07/17/20030717BIT00030/wkr0002.pdf


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