French antitrust proceedings concluded
STOCKHOLM, Dec. 19, 2024 /PRNewswire/ -- The French Competition Authority (FCA) has completed thepreviously communicated second investigation regarding alleged breaches of antitrust rules inFrance by Electrolux Group and various other parties within the home appliance sector during 2009 to 2014. ...
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...
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 ...
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 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...
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 ...
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...
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...
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...
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-...
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...
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...
Electrolux Group initiates preparations to divest non-core assets with total potential value of SEK 10bn
STOCKHOLM, July 20, 2023 /PRNewswire/ -- As part of its ongoing work to sharpen its strategic focus, Electrolux Group announced today that the company has started preparations for a potential divestment of Zanussi and other non-core brands* during the coming years. A divestment would include the ...
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...
