Forbes magazine named Electrolux one of 130 Global High Performers and named it one of the top 5 companies in consumer durables.
The magazine analyzed the world's largest companies (the Forbes Global 2000) in 26 industries, looking at long-term and short-term sales growth, profit growth, return on capital, and total return to shareholders. Forbes also took into consideration earnings forecasts. The magazine called companies on the list "industry leaders who are making strategic moves to help navigate through these tough economic times."
In the last 12 months Electrolux achieved an operating margin of more than 6%, a gross margin of more than 21%, capital turn over of 4.4x, and return on capital employed of 26.5%. Electrolux average annual total return to shareholders over the last five years was 24%.
"During the market downturn we made tough choices and stuck to our strategy, focusing on product development, brand and cost efficiency," said Electrolux President and CEO Hans Stråberg. "Our strategy is paying off and we can now see the results. In 2009 we made record profits and the first quarter of 2010 was our best first quarter ever."
to Daily News