RICS:ELUXA.ST

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...

2024-01-25 15:50 1634

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...

2024-01-18 15:30 1429

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...

2024-01-12 23:39 2372

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...

2024-01-11 15:55 1846

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...

2023-12-22 23:47 2355

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...

2023-10-27 14:37 1917

Electrolux Group steps-up cost reductions and organizational simplifications

STOCKHOLM, Oct. 27, 2023 /PRNewswire/ -- Against the background of continued weak consumer demand and competitive pressure in the market, Electrolux Group is stepping up its cost reduction efforts to restore margins. The actions are expected to result in net cost savings ofSEK 10-11bn in 2024 vs ...

2023-10-27 14:27 1893

Torbjörn Lööf proposed as new Chairman of AB Electrolux

The Nomination Committee of AB Electrolux proposes that Torbjörn Lööf is elected as new Chairman of the Board of AB Electrolux at the Annual General Meeting 2024. STOCKHOLM, Oct. 26, 2023 /PRNewswire/ -- As previously communicated, Staffan Bohman has announced that he will not be available for r...

2023-10-26 01:31 1867

Invitation to Electrolux Group Q3 presentation

STOCKHOLM, Oct. 12, 2023 /PRNewswire/ -- Electrolux Group results for the third quarter of 2023 will be published onOctober 27, 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, There...

2023-10-12 14:28 1646

AB Electrolux Chairman Staffan Bohman declines re-election

STOCKHOLM, Oct. 5, 2023 /PRNewswire/ -- Staffan Bohman has today notified the AB Electrolux Nomination Committee that he will not be available for re-election as Chairman of the Board of AB Electrolux at the Annual General Meeting in 2024. Staffan Bohman has been Chairman since 2018. He is also ...

2023-10-05 21:30 2638

Conversion of shares in AB Electrolux

STOCKHOLM, Sept. 30, 2023 /PRNewswire/ -- According to AB Electrolux articles of association, owners of Series A shares are entitled to request that such shares are converted to Series B shares. Conversion reduces the total number of votes in the company. During September 2023, 364 Series A shar...

2023-09-30 01:32 3879

Electrolux Group to divest Memphis factory

STOCKHOLM, Sept. 21, 2023 /PRNewswire/ -- Electrolux Group has agreed to divest its manufacturing facility inMemphis, Tennessee, USA to a US-based investment company for a cash consideration ofUSD 61m (approx. SEK 675m). The agreed divestment follows a previous agreement with another buyer which...

2023-09-21 15:04 1685

Electrolux Group divests Nyíregyháza factory in Hungary to Qvantum

STOCKHOLM, Sept. 15, 2023 /PRNewswire/ -- Electrolux Group has divested its manufacturing facility in Nyíregyháza,Hungary to Swedish heat pump manufacturer Qvantum for a cash consideration ofEUR 38m (approx. SEK 455m). The approximate gain of EUR 25m (approx. SEK 300m) will be recorded as a non-...

2023-09-15 20:39 2125

Nomination Committee appointed for AB Electrolux Annual General Meeting 2024

The members of the Nomination Committee for AB Electrolux Annual General Meeting in 2024 have now been appointed. STOCKHOLM, Sept. 14, 2023 /PRNewswire/ -- In accordance with decision by the Annual General Meeting, AB Electrolux Nomination Committee shall consist of six members. The Nomination C...

2023-09-14 14:34 1733

IFA 2023: Electrolux Group puts the spotlight on resource efficiency with AEG EcoLine

STOCKHOLM, Aug. 29, 2023 /PRNewswire/ -- Global appliance company Electrolux Group – under its premium brand AEG – is showcasing, for the first time, its most resource-efficient models at IFA 2023: the AEG EcoLine. AEG EcoLine is a dedicated selection, presented in-store and online, of the compan...

2023-08-29 14:49 1650

Electrolux Group Q2 2023 Interim report

STOCKHOLM, July 20, 2023 /PRNewswire/ -- Highlights of the second quarter of 2023 * Net sales amounted to SEK 32,653m (33,749). The organic sales decline of 8.4% was driven by the continued weak market demand with consumers shifting to lower price points, resulting in significantly lower volum...

2023-07-20 15:07 3167

Invitation to Electrolux Group Q2 presentation

STOCKHOLM, July 7, 2023 /PRNewswire/ -- Electrolux Group results for the second quarter of 2023 will be published onJuly 20, 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, Therese ...

2023-07-07 14:33 2622

Electrolux Group sets provision mainly relating to French antitrust case

STOCKHOLM, May 30, 2023 /PRNewswire/ -- Electrolux Group will set a provision of approximatelySEK 650m in connection to the previously reported investigation of alleged breaches of antitrust rules inFrance between 2009 and 2014. A minor part of the provision relates to settlement of another legal...

2023-05-30 22:10 2520

Conversion of shares in AB Electrolux

STOCKHOLM, April 28, 2023 /PRNewswire/ -- According to AB Electrolux articles of association, owners of Series A shares are entitled to request that such shares are converted to Series B shares. Conversion reduces the total number of votes in the company. During April 2023, 180 Series A shares w...

2023-04-28 22:24 5340

Electrolux Group Q1 2023 Interim report

STOCKHOLM, April 28, 2023 /PRNewswire/ -- Highlights of the first quarter of 2023 * Net sales increased to SEK 32,734m (30,118), corresponding to an organic growth of 2.2%. Price remained solid, while weaker market demand resulted in lower volumes for the Group as a whole. New product ranges c...

2023-04-28 14:58 2548
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