Report by the President and CEO « Previous page   Next page » February Acquisition of household division of Email Ltd, the largest house- hold appliances company in Australia July Divestment of main part of leisure-appli- ances product line, generating capital gain of SEK 3,120m Acquisition of Marazzini in Italy, producing mainly lawn mowers, with annual sales of approximately SEK 400m and about 90 employees September Board decides to resume program for share buy-backs as authorized by AGM, enabling purchase of an additional 3.16% of total shares October Michael Treschow proposed as Chairman of the Board of Ericsson, leaves Electrolux in April 2002 Hans Stråberg, head of floor-care prod- ucts in Electrolux Group, appointed new President and CEO, taking office in connection with AGM in April 2002 We expect market demand in 2002 to be generally flat compared with the previous year in both Europe and North America. However, there is still uncertainty regarding consumer confidence and spending, particularly in North America. Notwithstanding the above expectations for flat market demand, on the basis of the previously announced internal restructuring the Group should achieve an improvement in operating income and value creation for the full year 2002, excluding items affecting comparability. « Previous page   Next page » Print