A significant portion of the Group´s long-term borrowings are issued on the capital markets under the Group´s Euro medium-term note program.Read more
Net debt as of June 30, 2013, increased to SEK 11,420m (9,575).
Net debt has been impacted by the negative cash flow from operations and investments in the first quarter of 2013 as well as the dividend payment in the second quarter, although the cash flow has improved during the second and third quarters. During the third quarter of 2013, SEK 553m in short-term borrowings were amortized and long-term borrowings with SEK 1,005m.
Long-term borrowings as of September 30, 2013, including long-term borrowings with maturities within 12 months, amounted to SEK 12,129m with average maturity of 3.5 years, compared to SEK 11,005m and 3.1 years at the end of 2012. During 2013 and 2014, long-term borrowings in the amount of SEK 269m will mature.
Liquid funds as of September 30, 2013, amounted to SEK 5,523m (7,816), excluding short-term back-up facilities. Electrolux has two unused committed back-up facilities. One EUR 500m multi-currency revolving credit facility, approximately SEK 4,400m, maturing 2017 with extension options for one year and a credit facility of SEK 3,400m maturing in 2017.