Debt key ratios
The financial goal of Electrolux Profession on debt is a leverage ratio below 2.5x Net debt/EBITDA. Higher levels may be temporarily acceptable in case of acquisitions, provided a clear path to de-leveraging.
The net debt/EBITDA ratio was 1.9 at the end of 2021 which means that we are better or in line with our target. Net debt/EBITDA increased due to the acquisition of Unified Brands. In total, net debt increased from SEK 549m on December 31, 2020 to SEK 1.705m as of December 31, 2021.