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Electrical appliance manufacturers Electrolux has been named as one of the world’s top performing companies by leading business magazine Forbes. Electrolux President and CEO Hans Straberg said: “I'm proud that we have been included in this elite list of 130 Global High Performers. We've worked hard and focused to reach where we are today. “Making the list of the top 130 Global High Performers confirms that we are on the right track and doing what is right for shareholders and consumers.” Following an analysis made by internationally renowned Forbes Magazine, Electrolux has been named one of 130 Global High Performers and named in the top 5 companies in consumer durables. Forbes analyzed 26 industries of the Forbes Global 2000* and based on long-term and short-term sales growth, profit growth, return on capital and total return to shareholders. When compiling the list Forbes also took into consideration earnings forecasts. The companies on the list, according to Forbes, are "industry leaders who are making strategic moves to help navigate through these tough economic times." Over the last twelve months Electrolux achieved an operating margin of more than 6 %, a gross margin of more than 21 %, capital turnover of 4.4x and return on capital employed of 26.5 %. Electrolux average annual total return to shareholders over the last five years has been 24 %. "During the market downturn we made tough choices and stuck to our strategy, focusing on product development, brand and cost efficiency. 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," says Stråberg. As a premier partner of the Electrolux group, Panorama Kitchens will always seek to provide the highest quality and most energy efficient appliances to go with their bespoke kitchen designs. With two showrooms in Liverpool and the Wirral, Panorama Kitchens have been supplying high quality kitchen designs to retail and trade customers throughout the UK for over 30 years. Our craftsmen will build a bespoke kitchen to meet your exact needs, then our expert installers, electricians and plumbers will personally fit your kitchen to your specifications. Panorama has been involved in many prestigious developments in Liverpool city centre, including the 25-storey Princess Dock complex and the Jury’s Inn Hotel, located near the Liverpool Echo Arena in King’s Dock, and the brand new Hilton Hotel in Liverpool One. For more information about Panorama Kitchens, or to browse their online portfolio of kitchens and fittings, visit the Panorama Kitchens website at http://www.panoramakitchens.co.uk/. Ref: PKL-HS-19710
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