Update on Electrolux Operations in North America
STOCKHOLM, Dec. 16, 2019 /PRNewswire/ -- Electrolux today provided an update on issues expected to impact operating income for its business areaNorth America in the fourth quarter; primarily the consolidation of its U.S. refrigerator/freezer manufacturing and related transition to new product pl...
Management Change in AB Electrolux
STOCKHOLM, Dec. 12, 2019 /PRNewswire/ -- Electrolux today announced that Alan Shaw, head of Electrolux business area North America, has decided to retire from his position. After a thorough search process,Nolan Pike, currently Senior Vice President within Electrolux global Consumer Experience org...
Electrolux Board Proposes Distribution of Electrolux Professional AB
STOCKHOLM, Dec. 6, 2019 /PRNewswire/ -- AB Electrolux ("Electrolux") in January 2019 announced that the company was preparing for the separation and distribution of its Professional Products business area. Consequently, the Board of Directors has today decided to propose that an Extraordinary Gen...
Electrolux Issues Bond Loans
STOCKHOLM, Nov. 19, 2019 /PRNewswire/ -- Electrolux today issued two bond loans in the aggregate amount ofSEK 1.5 billion under its EMTN (Euro Medium Term Note) program. Two bond loans are issued on November 19, 2019 with maturity on November 19, 2024 and each in the amount of SEK 750 million. O...
Electrolux Q3 Interim Report 2019: Further Strengthening Innovation and Efficiency
STOCKHOLM, Oct. 25, 2019 /PRNewswire/ -- Highlights of the third quarter of 2019 * Net sales amounted to SEK 32,520m (30,444). Sales growth of 1.0%, driven by price/mix improvements. * Operating income amounted to SEK 1,189m (1,756), corresponding to a margin of 3.7% (5.8). * Operating inco...
Invitation to Electrolux Q3 Presentation
STOCKHOLM, Oct. 8, 2019 /PRNewswire/ -- Electrolux results for the third quarter of 2019 will be published onOctober 25, 2019, 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 Theres...
Kai Wärn to become Chairman of the Board of Electrolux Professional AB
STOCKHOLM, Oct. 1, 2019 /PRNewswire/ -- The Board of Directors of AB Electrolux ("Electrolux") today announced the appointment of Kai Wärn as Chairman of the Board of Directors of Electrolux Professional AB ("Electrolux Professional"), the company intended to be distributed to AB Electrolux share...
Breakdown of Non-recurring Items Expected in Electrolux Q3 Results
STOCKHOLM, Sept. 10, 2019 /PRNewswire/ -- Electrolux today decided on efficiency measures which will lead to restructuring charges ofSEK 1.6 billion (announced separately). In addition to these charges, the third quarter results will be impacted by developments in two administrative cases: * A...
Electrolux Announces Global Streamlining Measures and Hungarian Manufacturing Investment
STOCKHOLM, Sept. 10, 2019 /PRNewswire/ -- Following a strategic overview started earlier this year, Electrolux today decided to initiate a plan to improve efficiency throughout the Group. The company today also announced a plan to outsource parts of its current manufacturing inHungary and invest...
Electrolux Celebrates 100-year Anniversary With Action Plan for Sustainable Living and Funding for Food Foundation
STOCKHOLM, Aug. 29, 2019 /PRNewswire/ -- Sweden's Electrolux today introduced the Better Living Program, a plan to enable better and more sustainable living for consumers around the world through 2030. With bold targets focusing on better eating, better garment care and a better home environment,...
Electrolux Q2 Interim Report 2019: Good Price Momentum and Focus on Innovation
STOCKHOLM, July 18, 2019 /PRNewswire/ -- Highlights of the second quarter of 2019 * Net sales amounted to SEK 31,687m (31,354). Sales decline of 2.7%, driven by lower volumes. * Operating income amounted to SEK 1,619m (827), corresponding to a margin of 5.1% (2.6). The comparison period inc...
Invitation to Electrolux Q2 Presentation
STOCKHOLM, July 5, 2019 /PRNewswire/ -- Electrolux results for the second quarter of 2019 will be published onJuly 18, 2019, 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 Therese...
Electrolux to Invest EUR 130 Million in Italian Refrigeration Facility
STOCKHOLM, July 3, 2019 /PRNewswire/ -- The Electrolux Group today announced it will invest approximately MEUR 130 million in automation, digitalization and innovation at its manufacturing facility in Susegana,Italy. The investment is part of Electrolux previously communicated manufacturing inve...
Electrolux Q1 2019 Interim Report: Price Increases Offsetting Headwinds
STOCKHOLM, April 26, 2019 /PRNewswire/ -- Highlights of the first quarter of 2019 * Net sales amounted to SEK 29,710m (27,906). Sales growth was 1.6%, driven by price increases and mix improvements across all business areas. * Operating income amounted to SEK 248m (764), corresponding to a ...
Electrolux Strengthens its Professional Beverage Offering by Acquiring UNIC in France
STOCKHOLM, April 25, 2019 /PRNewswire/ -- Electrolux business area Professional Products today announced it has acquired UNIC S.A.S., a French manufacturer of professional espresso machines. The acquisition complements the Electrolux offering of products for beverage service and further develops ...
Invitation to Electrolux Q1 Presentation
STOCKHOLM, April 11, 2019 /PRNewswire/ -- Electrolux results for the first quarter of 2019 will be published onApril 26, 2019, 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 Theres...
Bulletin From AB Electrolux Annual General Meeting 2019
STOCKHOLM, April 11, 2019 /PRNewswire/ -- The Annual General Meeting of AB Electrolux was held onWednesday, April 10, 2019 in Stockholm, Sweden. Staffan Bohman, Petra Hedengran, Hasse Johansson, Ulla Litzén, Fredrik Persson ,David Porter, Jonas Samuelson, Ulrika Saxon and Kai Wärn were re-elected ...
Well Positioned to Create Value - Electrolux Capital Markets Day 2019
STOCKHOLM, March 27, 2019 /PRNewswire/ -- Electrolux today holds a Capital Markets Day at the headquarters of its Professional Products business area in Pordenone,Italy. Presentations by senior management will showcase how Electrolux consumer business is well positioned to create value by acceler...
Electrolux Issues SEK 1 Billion Green Bond
STOCKHOLM, March 25, 2019 /PRNewswire/ -- Electrolux is issuing the first bond loan within its green bond framework, raisingSEK 1 billion to fund investments and other projects with environmental benefits. The bond is being issued under Electrolux existing EMTN (Euro Medium Term Note) program a...
Electrolux Highlights Lower Emissions and Investments for Improved Climate Impact in 2018 Sustainability Report
STOCKHOLM, March 25, 2019 /PRNewswire/ -- Electrolux, the appliance industry sustainability leader, today reported a 66% reduction in CO2 emissions from its operations since 2005, and highlighted how significant investments at manufacturing sites and in new product platforms will make a major con...
