Stockholm:ELUXB

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...

2024-08-20 14:31 1364

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 ...

2024-04-26 14:24 1610

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...

2024-04-26 01:57 1679

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...

2024-04-11 14:25 1507

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 ...

2024-03-28 01:45 1958

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...

2024-03-19 15:20 1505

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 ...

2024-02-22 15:17 2295

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 2341

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 2336

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 1876

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 1836

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 1832

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 1606

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 3858

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 2071

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 1703

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 1620

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 ...

2023-07-20 14:37 2076

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 2485

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 5318
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