Stockholm:ELUXA

Bulletin from the Annual General Meeting of AB Electrolux

The Annual General Meeting of AB Electrolux was held in Stockholm on March 27, 2024. STOCKHOLM, March 28, 2024 /PRNewswire/ -- Shareholders and others had the opportunity to follow the Annual General Meeting live via Electrolux Group's website. A recording from the Annual General Meeting of the ...

2024-03-28 01:45 941

Electrolux Group publishes restated figures for the new business area structure

STOCKHOLM, March 19, 2024 /PRNewswire/ -- As previously announced, Electrolux Group has reorganized into three regional business areas as of 1 January 2024. To enable comparisons with future financial reporting, restated historical figures for the combined business areaEurope, Asia-Pacific, Middl...

2024-03-19 15:20 1180

AB Electrolux publishes 2023 Annual Report

STOCKHOLM, Feb. 22, 2024 /PRNewswire/ -- AB Electrolux Annual Report for 2023 has been published on the Group's website as of today. The Annual Report in Swedish as well as an English translation are available on www.electroluxgroup.com in pdf-format. The Swedish Annual Report is also available ...

2024-02-22 15:17 1890

Electrolux Group reports loss in the fourth quarter - driven by North America

STOCKHOLM, Jan. 12, 2024 /PRNewswire/ -- Electrolux Group announced today that operating income, excluding non-recurring items, in the fourth quarter of 2023 is estimated to be approx.SEK -0.7bn (-0.6). The underlying loss in business areaNorth America is estimated at approx. SEK -1.4bn (-1.2), d...

2024-01-12 23:39 2008

Electrolux Group has completed Memphis factory divestment

STOCKHOLM, Dec. 22, 2023 /PRNewswire/ -- Electrolux Group has divested its factory inMemphis, Tennessee, USA, for a cash consideration of USD 35m (approx. SEK 350m). The gain of approximately USD 25m (approx. SEK 250m) from the divestment will be recorded as a non-recurring item, positively impa...

2023-12-22 23:47 1979

Electrolux Group Q3 2023 Interim report

STOCKHOLM, Oct. 27, 2023 /PRNewswire/ -- Highlights of the third quarter of 2023            * Net sales amounted to SEK 33,427m (35,244). The organic sales decline of 7.9% was mainly driven by continued weak market demand and consumers shifting to lower price points. Mix was positive, supporte...

2023-10-27 14:37 1544

Electrolux Group steps-up cost reductions and organizational simplifications

STOCKHOLM, Oct. 27, 2023 /PRNewswire/ -- Against the background of continued weak consumer demand and competitive pressure in the market, Electrolux Group is stepping up its cost reduction efforts to restore margins. The actions are expected to result in net cost savings ofSEK 10-11bn in 2024 vs ...

2023-10-27 14:27 1554

Torbjörn Lööf proposed as new Chairman of AB Electrolux

The Nomination Committee of AB Electrolux proposes that Torbjörn Lööf is elected as new Chairman of the Board of AB Electrolux at the Annual General Meeting 2024. STOCKHOLM, Oct. 26, 2023 /PRNewswire/ -- As previously communicated, Staffan Bohman has announced that he will not be available for r...

2023-10-26 01:31 1514

Invitation to Electrolux Group Q3 presentation

STOCKHOLM, Oct. 12, 2023 /PRNewswire/ -- Electrolux Group results for the third quarter of 2023 will be published onOctober 27, 2023, at approx. 08.00 CEST. A telephone conference will be held following the release of the results, starting at 09.00 CEST. Jonas Samuelson, President and CEO, There...

2023-10-12 14:28 1312

Conversion of shares in AB Electrolux

STOCKHOLM, Sept. 30, 2023 /PRNewswire/ -- According to AB Electrolux articles of association, owners of Series A shares are entitled to request that such shares are converted to Series B shares. Conversion reduces the total number of votes in the company. During September 2023, 364 Series A shar...

2023-09-30 01:32 3507

Electrolux Group divests Nyíregyháza factory in Hungary to Qvantum

STOCKHOLM, Sept. 15, 2023 /PRNewswire/ -- Electrolux Group has divested its manufacturing facility in Nyíregyháza,Hungary to Swedish heat pump manufacturer Qvantum for a cash consideration ofEUR 38m (approx. SEK 455m). The approximate gain of EUR 25m (approx. SEK 300m) will be recorded as a non-...

2023-09-15 20:39 1722

Nomination Committee appointed for AB Electrolux Annual General Meeting 2024

The members of the Nomination Committee for AB Electrolux Annual General Meeting in 2024 have now been appointed. STOCKHOLM, Sept. 14, 2023 /PRNewswire/ -- In accordance with decision by the Annual General Meeting, AB Electrolux Nomination Committee shall consist of six members. The Nomination C...

2023-09-14 14:34 1470

IFA 2023: Electrolux Group puts the spotlight on resource efficiency with AEG EcoLine

STOCKHOLM, Aug. 29, 2023 /PRNewswire/ -- Global appliance company Electrolux Group – under its premium brand AEG – is showcasing, for the first time, its most resource-efficient models at IFA 2023: the AEG EcoLine. AEG EcoLine is a dedicated selection, presented in-store and online, of the compan...

2023-08-29 14:49 1369

Electrolux Group sets provision mainly relating to French antitrust case

STOCKHOLM, May 30, 2023 /PRNewswire/ -- Electrolux Group will set a provision of approximatelySEK 650m in connection to the previously reported investigation of alleged breaches of antitrust rules inFrance between 2009 and 2014. A minor part of the provision relates to settlement of another legal...

2023-05-30 22:10 2155

Conversion of shares in AB Electrolux

STOCKHOLM, April 28, 2023 /PRNewswire/ -- According to AB Electrolux articles of association, owners of Series A shares are entitled to request that such shares are converted to Series B shares. Conversion reduces the total number of votes in the company. During April 2023, 180 Series A shares w...

2023-04-28 22:24 4879

Electrolux Group Q1 2023 Interim report

STOCKHOLM, April 28, 2023 /PRNewswire/ -- Highlights of the first quarter of 2023 * Net sales increased to SEK 32,734m (30,118), corresponding to an organic growth of 2.2%. Price remained solid, while weaker market demand resulted in lower volumes for the Group as a whole. New product ranges c...

2023-04-28 14:58 2225

Electrolux Group seeks alternative buyer to Memphis factory following terminated contract

STOCKHOLM, April 11, 2023 /PRNewswire/ -- The divestment of the Electrolux Group manufacturing facility inMemphis, Tennessee, USA, will not be completed as expected since the intended buyer has failed to proceed to closing. Electrolux Group will now seek an alternative buyer. As earlier communic...

2023-04-11 15:38 1540

Invitation to Electrolux Group Q1 presentation

STOCKHOLM, April 11, 2023 /PRNewswire/ -- Electrolux Group results for the first quarter of 2023 will be published onApril 28, 2023, at approx. 08.00 CEST. A telephone conference will be held following the release of the results, starting at 09.00 CEST. Jonas Samuelson, President and CEO and The...

2023-04-11 15:31 1572

Bulletin from AB Electrolux Annual General Meeting March 29, 2023

The Annual General Meeting of AB Electrolux was held on Wednesday, March 29, 2023. STOCKHOLM, March 30, 2023 /PRNewswire/ -- Shareholders and others had the opportunity to follow the Meeting live via the Group's website. A recording from the Meeting of CEOJonas Samuelson's reflections on the pas...

2023-03-30 01:24 1898

Electrolux Group becomes one of the first companies to meet science-based climate target

STOCKHOLM, March 27, 2023 /PRNewswire/ -- Electrolux Group is three years ahead of plan. In 2018, the company was amongst the first 100 companies to set its global science-based climate target and is now one of the first to meet it. This is just one of the highlights from the Electrolux Group Sus...

2023-03-27 16:55 1550
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