Electrolux Investing $500 Million in U.S. Product Innovation and Manufacturing, Also Consolidating Production
STOCKHOLM, Jan. 31, 2018 /PRNewswire/ -- The Electrolux Group said today it is planning total investments of approximatelyUSD 500 million in its U.S. manufacturing operations, stepping up a strategic initiative to drive profitable growth inNorth America with new lines of innovative Frigidaire k...
Electrolux to Acquire German Company in Professional Laundry
STOCKHOLM, Jan. 22, 2018 /PRNewswire/ -- Electrolux today announced it has agreed to acquire Schneidereit GmbH, a supplier of laundry rental solutions for professional customers inGermany and Austria. Schneidereit GmbH solutions allow customers a carefree experience by supporting the product thr...
Invitation to Electrolux Q4 Presentation
STOCKHOLM, Jan. 18, 2018 /PRNewswire/ --Electrolux results for the fourth quarter of 2017 will be published onJanuary 31, 2018, at approximately 08.00 CET. A telephone conference will be held following the release of the results, starting at 09.00 CET and continuing until 10.00 CET. The conferen...
Staffan Bohman Proposed New Chairman of AB Electrolux
STOCKHOLM, Jan. 12, 2017 /PRNewswire/ -- In preparation for the Electrolux Annual General Meeting on April 5, the Electrolux Nomination Committee proposes the election ofStaffan Bohman as new Chairman of the Board of Directors of AB Electrolux. The committee also proposes re-election of Petra He...
Electrolux Capital Markets Day 2017
STOCKHOLM, Nov. 16, 2017 /PRNewswire/ -- At Electrolux Capital Markets Day in Stockholm today, CEO Jonas Samuelson and other senior executives of the company will provide an update on Electrolux strategy and business performance as well as an overview of the current market environment and general...
Electrolux to Contest Tariff Rate Set in Antidumping Review by U.S. Department of Commerce
STOCKHOLM, Nov. 2, 2017 /PRNewswire/ -- Electrolux Major Appliances North America has been informed by the U.S. Department of Commerce (DOC) that it has set a preliminary and significantly increased tariff rate of 72.41% on washing machines manufactured inMexico by Electrolux and imported into t...
Electrolux President and CEO Jonas Samuelson's Comments on the Results for the Third Quarter 2017
STOCKHOLM, Oct. 27, 2017 /PRNewswire/ -- In the third quarter Electrolux continued to deliver earnings improvement, achieving an operating margin of 6.7%. Profitability increased across our business areas with four business areas reaching an operating margin above 7%. The favorable earnings tren...
Electrolux Interim Report January - September 2017
STOCKHOLM, Oct. 27, 2017 /PRNewswire/ -- Highlights of the third quarter of 2017 * Net sales amounted to SEK 29,309m (30,852). * Organic sales declined by 3.2%, currency translation had a negative impact of 3.2%, contribution from acquisitions and divestments was 1.4%. * Operating income i...
Electrolux on Climate Change A-List
STOCKHOLM, Oct. 24, 2017 /PRNewswire/ -- Electrolux has been named one of the top 5% corporate global leaders acting against climate change. The company has been awarded a position on the 2017 Climate A List by CDP, the international non-profit. It is the second year in a row Electrolux gets this...
Electrolux Acquires Continental Brand in Latin America
STOCKHOLM, Oct. 23, 2017 /PRNewswire/ -- Electrolux today announced that the Brazilian court administering the bankruptcy ofMabe Brazil has accepted a BRL 70 million (SEK 178 million) bid to acquire the intellectual property assets of the estate. Electrolux will consequently take over the rights ...
Invitation to Electrolux Q3 Presentation
STOCKHOLM, Oct. 17, 2017 /PRNewswire/ -- A telephone conference will be held following the release of the results, starting at 09.00 CET and continuing until 10.00 CET. The conference will be chaired byJonas Samuelson, President and CEO of Electrolux. Mr. Samuelson will be accompanied byAnna Oh...
Ronnie Leten to Resign as Member and Chairman of the Electrolux Board
STOCKHOLM, Oct. 9, 2017 /PRNewswire/ -- Ronnie Leten today informed Electrolux Nomination Committee that he will resign as member and Chairman of the Electrolux Board as from the Annual General Meeting onApril 5, 2018. Ronnie Leten was elected as a Board member 2012 and has held the position as ...
Dates for Financial Reports From Electrolux in 2018
STOCKHOLM, Sept. 27, 2017 /PRNewswire/ -- Financial reports and AGM 2018 January 31: Consolidated results for 2017 April 27: Interim report January -- March July 18: Interim report January -- June October 26: Interim report January -- September The Annual General Meeting will be held on April ...
Electrolux Retains Industry Leadership in Dow Jones Sustainability Indices
STOCKHOLM, Sept. 8, 2017 /PRNewswire/ -- Electrolux has been named Industry Leader of the Household Durables category in the Dow Jones Sustainability World Index (DJSI World). It is the eleventh consecutive year that Electrolux receives this recognition in the assessment, which is published by Ro...
Electrolux Launches Game-changing Robotic Vacuum Cleaner
STOCKHOLM, Aug 31, 2017 /PRNewswire/ --Today Electrolux introduces a robotic vacuum cleaner with a revolutionary design and game-changing technology that takes the quality of autonomous cleaning to a new level. Presented inStockholm and at the IFA trade show inBerlin, the product will be launched...
Electrolux Partners With Sustainability Festival - The Stockholm Act
STOCKHOLM, Aug. 18, 2017 /PRNewswire/ -- Electrolux is proud to be a
contributing partner of the inauguralThe Stockholm Act
Electrolux President and CEO Jonas Samuelson's Comments on the Results for the Second Quarter 2017
STOCKHOLM, July 19, 2017 /PRNewswire/ -- During the second quarter Electrolux improved its operating income by close to 25%, achieving an operating margin of 6.2%. Profitability increased in most of our business areas. This was driven by continued focus on improving product mix through active por...
Electrolux Interim Report January - June 2017
STOCKHOLM, July 19, 2017 /PRNewswire/ -- Highlights of the second quarter of 2017 * Net sales increased by 5.1% to SEK 31,502m (29,983). * Organic sales were unchanged, contribution from acquisitions and divestments was 1.2% while currency translation had a positive impact of 3.9% on net sal...
Electrolux to Acquire European Kitchen Hoods Company Best
STOCKHOLM, July 7, 2017 /PRNewswire/ -- Electrolux today announced it has agreed to acquire Best, a European manufacturer of innovative and well-designed kitchen hoods. The acquisition enables Electrolux to develop a fully comprehensive offering of built-in cooking solutions and will further supp...
Invitation to Electrolux Q2 Presentation
STOCKHOLM, July 5, 2017 /PRNewswire/ -- A telephone conference will be held following the release of the results, starting at 09.00 CET and continuing until 10.00 CET. The conference will be chaired byJonas Samuelson, President and CEO of Electrolux. Mr. Samuelson will be accompanied byAnna Ohlss...
