News: Electrolux AB (ELUXY.PK)

ELUXY.PK on OTC Markets Group

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5 Feb 2016
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Thu, Jan 28 2016

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Electrolux stumbles to quarterly loss after GE deal collapses

STOCKHOLM A failed attempt to buy General Electric's white goods business pushed Sweden's Electrolux into the red in the fourth quarter of 2015 and left the home appliances maker casting around for an alternative strategy.

UPDATE 2-Electrolux stumbles to quarterly loss after GE deal collapses

* Professional products business could be expanded (Writes through with context)

BRIEF-Electrolux sees FX headwind in Q1 similar to Q4, 2015

* Electrolux CFO says expects FX impact to be about 2.2 billion negative in FY2016 at current FX levels

BRIEF-Electrolux repeats 2016 forecast for raw materials, cost savings

* Repeats sees positive FY 2016 raw material cost effect of around 550 mln SEK - presentation material

RPT-Electrolux slumps to Q4 loss as GE deal collapse weighs

STOCKHOLM, Jan 28 Home appliance maker Electrolux skidded to a slightly smaller than expected quarterly loss as costs for the aborted purchase of General Electric's white goods business weighed but marginally raised its North American market outlook.

Electrolux slumps to Q4 loss as GE deal collapse weighs

STOCKHOLM, Jan 28 Home appliance maker Electrolux skidded to a slightly smaller than expected quarterly loss as costs for the aborted purchase of General Electric's white goods business weighed but marginally raised its North American market outlook.

BRIEF-Electrolux names new heads of EMEA and North America units

* Electrolux names new heads of major appliances emea and major appliances north america

MOVES-Sandvik poaches new CFO from Electrolux

STOCKHOLM, Jan 22 Metal-cutting tools and mining equipment maker Sandvik said on Friday it had appointed Tomas Eliasson, CFO at Electrolux, as its new chief financial officer.

Deals of the day-Mergers and acquisitions

Jan 15 The following bids, mergers, acquisitions and disposals were reported by 2100 GMT on Friday:

UPDATE 2-Electrolux CEO to step down after failed deal with GE

* Announcement comes one month after GE Appliances deal failure

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