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...
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...
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...
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...
Electrolux Group hosts Capital Markets Update today
STOCKHOLM, March 20, 2023 /PRNewswire/ -- Electrolux Group hosts its Capital Markets Update for investors, financial analysts, and media representatives at 15.00 CET today. President & CEOJonas Samuelson and other senior Group executives will provide an update on how the company is executing its ...
AB Electrolux publishes 2022 Annual Report
STOCKHOLM, Feb. 23, 2023 /PRNewswire/ -- AB Electrolux Annual Report for 2022 has been published on the Group's website as of today. The Annual Report in Swedish as well as an English translation are available onwww.electroluxgroup.com in pdf-format and will be distributed in mid-March 2023 to s...
Electrolux Group has received a Statement of Objections from the French Competition Authority
STOCKHOLM, Feb. 23, 2023 /PRNewswire/ -- The French Competition Authority has issued a Statement of Objections involving various parties within the home appliance sector and where Electrolux France is alleged to have acted in breach of antitrust rules inFrance between 2009 and 2014. A Statement ...
Notice convening the Annual General Meeting of AB Electrolux
STOCKHOLM, Feb. 20, 2023 /PRNewswire/ -- The shareholders of AB Electrolux, reg. no. 556009-4178, are hereby given notice of the Annual General Meeting to be held on Wednesday, March 29, 2023 at 4.00 p.m. (CET) at Münchenbryggeriet, Torkel Knutssonsgatan 2,Stockholm, Sweden. Admission and registr...
Nomination Committee of AB Electrolux proposes re-election of board members
STOCKHOLM, Feb. 10, 2023 /PRNewswire/ -- In preparation for the Annual General Meeting of AB Electrolux onMarch 29, the Nomination Committee has decided to propose the re-election of all board members.Staffan Bohman is proposed to be re-elected as Chairman of the Board of Directors, and Petra Hed...
Electrolux Year-end report Q4 2022: Weak finish to a challenging year
STOCKHOLM, Feb. 2, 2023 /PRNewswire/ -- Highlights of the full-year of 2022 * In full-year 2022, net sales were SEK 134,880m (125,631) and operating income excl. non-recurring items wasSEK 831m (7,528). Earnings declined due to lower volumes, as a result of weaker market demand, and to elevate...
Electrolux to discontinue production at Nyíregyháza factory in Hungary
STOCKHOLM, Feb. 1, 2023 /PRNewswire/ -- Electrolux has decided to discontinue production at the Nyíregyháza factory inHungary from the beginning of 2024. The company will take a restructuring charge of approximatelySEK 550 million which will be reported as a non-recurring item affecting operating...
Invitation to Electrolux Q4 presentation
STOCKHOLM, Jan. 18, 2023 /PRNewswire/ -- Electrolux results for the fourth quarter of 2022 will be published onFebruary 2, 2023, at approximately 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...
Electrolux announces loss for the fourth quarter 2022
STOCKHOLM, Jan. 11, 2023 /PRNewswire/ -- Electrolux announced today that operating income in the fourth quarter of 2022 is estimated to be approximately SEK -2.0bn (0.9), including non-recurring items of SEK -1.4bn (-0.7). The year-over-year earnings decline was primarily a consequence of weaker c...
Electrolux: Divestment of Memphis factory postponed
STOCKHOLM, Dec. 20, 2022 /PRNewswire/ -- The divestment of the Electrolux manufacturing facility inMemphis, Tennessee, USA, will not be completed as expected since the buyer requested to move closing of the transaction to the first half-year 2023. As communicated on October 12, 2022, Electrolux ...
Invitation to Electrolux Capital Markets Update 2023, March 20
STOCKHOLM, Dec. 7, 2022 /PRNewswire/ -- Electrolux has the pleasure of inviting investors, financial analysts and media representatives to its Capital Markets Update onMarch 20, 2023. The event will be hosted by Jonas Samuelson, President and CEO, together with members of the Group management tea...
Electrolux Q3 2022 Interim report: Weak North America and strength in emerging markets
STOCKHOLM, Oct. 28, 2022 /PRNewswire/ -- Highlights of the third quarter of 2022 * Net sales increased to SEK 35,244m (30,929), corresponding to an organic sales growth of 1.2%. Strong price execution and mix improvements were partly offset by significantly lower volumes driven by weaker...
Invitation to Electrolux Q3 presentation
STOCKHOLM, Oct. 13, 2022 /PRNewswire/ -- Electrolux results for the third quarter of 2022 will be published onOctober 28, 2022, at approximately 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...
Electrolux: Cost reduction program and management changes
STOCKHOLM, Sept. 13, 2022 /PRNewswire/ -- Electrolux is initiating a cost reduction program on the back of weaker-than-expected market demand and weak earnings in the third quarter. The cost measures are expected to result in a material positive earnings contribution in 2023.Ricardo Cons, current...
Electrolux and designer duo Rave Review inspire people to keep their clothes longer
STOCKHOLM, Sept. 6, 2022 /PRNewswire/ -- The most sustainable clothes are the ones you already have, but on average clothes are worn only ten times and thrown away long before they need to be [1]. That is why Swedish home appliance brand Electrolux wants to inspire consumers to break the pattern ...
Buybacks of series B shares in AB Electrolux during week 35, 2022 - buyback program completed
STOCKHOLM, Sept. 5, 2022 /PRNewswire/ -- During the period August 29 - September 2, 2022 AB Electrolux (LEI code 549300Y3HHZB1ZGFPJ93) has repurchased in total 895,290 own series B shares (ISIN: SE0016589188) as part of the buyback program initiated by the Board of Directors in order to optimize ...
