Electrolux Highlights Lower Emissions and Introduces New Framework in 2019 Sustainability Report
STOCKHOLM, April 2, 2020 /PRNewswire/ -- Electrolux, a sustainability leader in the appliance industry, reports a 75% reduction in CO2 emissions from its operations since 2005. To reflect the Group's new commitment to become climate neutral across the supply chain by 2050, and its increasingly ho...
AB Electrolux Updates Expected Impact From the Coronavirus and Cancels Dividend
STOCKHOLM, March 23, 2020 /PRNewswire/ -- The rapidly developing situation related to the coronavirus has reinforced Electrolux view of the consequences, with the conclusion that there will be a material financial impact in 2020. The company said it is taking mitigating actions to protect earning...
Management Change in AB Electrolux
STOCKHOLM, March 16, 2020 /PRNewswire/ -- Electrolux today announced it has with immediate effect appointedAdam Cich as new head of the business area Asia-Pacific, Middle East and Africa and Executive Vice President. Adam Cich succeeds Dan Arler who, following a period of medical leave, is now t...
Electrolux Provides Update on Developments Related to the Coronavirus
STOCKHOLM, March 16, 2020 /PRNewswire/ -- Electrolux today provided an update on potential effects and measures taken related to the global spread of the novel coronavirus. The company believes there is a considerable risk of a material financial impact during the first half of 2020. In the four...
Prospectus for Electrolux Professional AB (publ) Published
STOCKHOLM, March 10, 2020 /PRNewswire/ -- AB Electrolux (publ) ("Electrolux") subsidiary, Electrolux Professional AB (publ) ("Electrolux Professional") has prepared a prospectus regarding the admission to trading of the company's shares of Series A and shares of Series B on Nasdaq Stockholm. Esti...
Distribution and Listing of Electrolux Professional AB (publ)
STOCKHOLM, March 9, 2020 /PRNewswire/ -- On February 21, 2020 the Extraordinary General Meeting of AB Electrolux (publ) ("Electrolux") decided to distribute all shares in the wholly-owned subsidiary Electrolux Professional AB (publ) ("Electrolux Professional") to the shareholders of Electrolux. T...
Electrolux Issues Bond Loans
STOCKHOLM, March 9, 2020 /PRNewswire/ -- Electrolux today issued two bond loans in the aggregate amount ofSEK 3.0 billion under its EMTN (Euro Medium Term Note) programme. Two bond loans are issued on March 9, 2020 with maturity on March 9, 2022. One of the bond loans, in the amount ofSEK 250 mi...
Invitation to Investor Day With Electrolux Professional
STOCKHOLM, Feb. 21, 2020 /PRNewswire/ -- Electrolux has the pleasure of inviting investors, financial analysts and media representatives to an Investor Day hosted by Electrolux Professional inStockholm on March 11, 2020. The event will be hosted byAlberto Zanata, President and CEO of Electrolux P...
Bulletin From AB Electrolux Extraordinary General Meeting 2020
At the Extraordinary General Meeting ("EGM") in AB Electrolux ("Electrolux") held today inStockholm it was resolved to distribute all shares in the wholly-owned subsidiary Electrolux Professional AB ("Electrolux Professional") to the shareholders of Electrolux. STOCKHOLM, Feb. 21, 2020 /PRNewswi...
Notice Convening the Annual General Meeting of AB Electrolux
STOCKHOLM, Feb. 21, 2020 /PRNewswire/ -- The shareholders of AB Electrolux, reg. no. 556009-4178, are invited to participate in the Annual General Meeting to be held onTuesday, March 31, 2020 at 4 p.m. at Stockholm Waterfront Congress Centre, Nils Ericsons plan 4,Stockholm, Sweden. Registration ...
Electrolux Publishes 2019 Annual Report
STOCKHOLM, Feb. 21, 2020 /PRNewswire/ -- Electrolux Annual Report for 2019 has been published on the Group's website as of today. This year's reporting consists of a comprehensive online version with rich digital content, connecting strategy with execution, and a shorter print / pdf Annual Repo...
AB Electrolux Publishes Information Brochure and Appoints Additional Board Member of Electrolux Professional AB
STOCKHOLM, Feb. 3, 2020 /PRNewswire/ -- The Board of Directors of AB Electrolux (publ) ("Electrolux") has proposed that an Extraordinary General Meeting, to be held onFebruary 21, 2020 resolves on the distribution of all shares in Electrolux Professional AB (publ) ("Electrolux Professional") to E...
Electrolux Q4 Interim Report 2019: Intense Transformation Phase
STOCKHOLM, Jan. 31, 2020 /PRNewswire/ -- Highlights of the fourth quarter of 2019 * Net sales for continuing operations, excluding Electrolux Professional, amounted toSEK 32,011m (32,021). Sales growth was -2,8%, mainly due to lower volumes inNorth America related to both consolid...
Notice Convening the Extraordinary General Meeting of AB Electrolux
STOCKHOLM, Jan. 20, 2020 /PRNewswire/ -- The shareholders of AB Electrolux, reg. no. 556009-4178, are invited to participate in the Extraordinary General Meeting to be held onFriday, February 21, 2020 at 9 a.m. at AB Electrolux Headquarters, the Axel Wennergren hall, S:t Goransgatan 143,Stockholm...
Invitation to Electrolux Q4 Presentation
STOCKHOLM, Jan. 14, 2020 /PRNewswire/ -- Electrolux results for the fourth quarter of 2019 will be published onJanuary 31, 2020, 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...
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...
