IFA 2024: Premium brand AEG unveils best-ever Kitchen Range with AI-assisted cooking and striking design
STOCKHOLM, Sept. 3, 2024 /PRNewswire/ -- Global appliance company Electrolux Group is showcasing trailblazing innovations across its three innovation areas, Taste, Care and Wellbeing, at IFA 2024 inBerlin, one of the world's leading trade shows for consumer electronics and home appliances. Under ...
New Electrolux Group study shows short wash and low temperature key to reducing environmental footprint of clothes
Seven-year research program proves clothes including jeans and T-shirts can last more than 50% longer[1] with gentler wash conditions. STOCKHOLM, Aug. 20, 2024 /PRNewswire/ -- New research, published today in the fourth edition ofThe Truth About Laundry report, proves that choosing lower tempera...
Yannick Fierling appointed as new President and CEO of Electrolux Group
STOCKHOLM, Aug. 14, 2024 /PRNewswire/ -- The Board of Directors of AB Electrolux has appointedYannick Fierling as new President and CEO of Electrolux Group effectiveJanuary 1, 2025. Yannick Fierling succeeds Jonas Samuelson, who earlier this year informed the Board that he will leave his positio...
Electrolux Group Interim report Q2 2024
STOCKHOLM, July 19, 2024 /PRNewswire/ -- Highlights of the second quarter of 2024 * Net sales amounted to SEK 33,819m (32,653). Organic sales increased by 6.8% driven by higher volumes in all business areas while price was negative. Despite challenging market conditions, mix improved supporte...
Electrolux Group divests South African water heater business
STOCKHOLM, July 18, 2024 /PRNewswire/ -- Electrolux Group has signed an agreement to divest its water heater business inSouth Africa under the Kwikot brand for an enterprise value ofZAR 2.4bn (approx. SEK 1.4bn) to Haier Smart Home. The divestment includes the Kwikot brand and the production fac...
Invitation to Electrolux Group Q2 presentation
STOCKHOLM, July 5, 2024 /PRNewswire/ -- Electrolux Group results for the second quarter of 2024 will be published onJuly 19, 2024, at approx. 08.00 CET. A telephone conference will be held following the release of the results, starting at 09.00 CET. Jonas Samuelson, President and CEO, and There...
Electrolux Group Interim report Q1 2024
STOCKHOLM, April 26, 2024 /PRNewswire/ -- Highlights of the first quarter of 2024 * Net sales amounted to SEK 31,077m (32,734). Organic sales decreased by 3.7% mainly driven by negative price. Weaker market demand resulted in lower volumes for the Group except inLatin America where increased ...
Jonas Samuelson will leave the position as President & CEO of Electrolux Group on January 1, 2025
STOCKHOLM, April 26, 2024 /PRNewswire/ -- After more than eight years as CEO and 16 years in the Group management team, Electrolux Group President & CEO Jonas Samuelson has today informed the Board of Directors that he will leave his position and the Board onJanuary 1, 2025. The Board will now ini...
Invitation to Electrolux Group Q1 presentation
STOCKHOLM, April 11, 2024 /PRNewswire/ -- Electrolux Group results for the first quarter of 2024 will be published onApril 26, 2024, at approx. 08.00 CET. A telephone conference will be held following the release of the results, starting at 09.00 CET. Jonas Samuelson, President and CEO, and Ther...
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 ...
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...
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 ...
Notice convening the Annual General Meeting of AB Electrolux
STOCKHOLM, Feb. 16, 2024 /PRNewswire/ -- The shareholders of AB Electrolux, reg. no. 556009-4178 (the Company), are hereby given notice of the Annual General Meeting to be held onWednesday, March 27, 2024, at 4.00 p.m. (CET) at Nalen, Regeringsgatan 74 inStockholm, Sweden. Admission and registrat...
CDP awards Electrolux Group ''A'' for climate leadership
Electrolux Group has once again been recognized for its leadership in corporate transparency and performance on climate change by global environment non-profit CDP, achieving an "A" score. STOCKHOLM, Feb. 6, 2024 /PRNewswire/ -- Electrolux Group is one of a small number of companies that achiev...
Geert Follens, Daniel Nodhäll and Michael Rauterkus proposed as new Board members of AB Electrolux
STOCKHOLM, Jan. 25, 2024 /PRNewswire/ -- The Nomination Committee of AB Electrolux proposes election ofGeert Follens, Daniel Nodhäll and Michael Rauterkus as new members of the Board of Directors at the Annual General Meeting of AB Electrolux onMarch 27, 2024. The Nomination Committee further pr...
Invitation to Electrolux Group Q4 presentation
STOCKHOLM, Jan. 18, 2024 /PRNewswire/ -- Electrolux Group results for the fourth quarter of 2023 will be published onFebruary 2, 2024, at approx. 08.00 CET. A telephone conference will be held following the release of the results, starting at 09.00 CET. Jonas Samuelson, President and CEO, and T...
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...
Electrolux Group announces its second science-based climate target
STOCKHOLM, Jan. 11, 2024 /PRNewswire/ -- Electrolux Group announces today that it has set a new science-based climate target to reduce greenhouse gas emissions in products and operations in support of theParis climate agreement. The new target comes after the Group achieved its previous science-b...
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...
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...
