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Electrolux Says Kai Warn To Become Chairman Of Electrolux Professional AB's Board
Electrolux Announces Global Streamlining Measures
Electrolux To Invest EUR 130 Mln To Automate Italian Refrigeration Facility
AB Electrolux provides household appliances and appliances for professional use. The Company offers designs and sustainable solutions, under brands including Electrolux, AEG, Zanussi and Frigidaire. The Company's segments include Major Appliances Europe, Middle East and Africa; Major Appliances Latin America; Major Appliances Asia/Pacific; Small Appliances and Professional Products. The Company's business areas include kitchen, laundry, small appliances and home care and services. The Company's Major Appliances and Small Appliances are producing appliances for the consumer market. Products within Major Appliances comprise of refrigerators, freezers, cookers, dryers, washing machines, dishwashers, room air-conditioners and microwave ovens. Small appliances include vacuum cleaners and other small appliances. Professional Products consists of foodservice equipment and laundry solutions for professional users.
Appliance & Tool
Sankt Goransgatan 143
Independent Chairman of the Board
President, Chief Executive Officer, Director
Chief Financial Officer
Executive Vice President, Chief Operations Officer
Executive Vice President, Head of Major Appliances Asia Pacific, Middle East and Africa
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Price To Book (MRQ)
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Swedish home appliance maker Electrolux <ELUXb.ST> said on Thursday it had been able to offset pressures from higher raw materials, trade tariffs and currency with price hikes so far in 2019, and that it also expected to do so for the full year.
Swedish home appliance maker Electrolux on Thursday said that it had been able to offset headwinds from raw materials, trade tariffs and currency with price hikes as it reported quarterly operating earnings in line with market expectations.
Swedish home appliance maker Electrolux scaled back its full-year cost guidance after reporting first-quarter earnings above market expectations as price hikes and improved product mix helped offset tariff and currency headwinds.
Electrolux expects to accelerate annual sales growth at its professional products unit above 7 percent after carving it out next year, its executives told Reuters, citing opportunities to pick up U.S. targets and add fast-food chains as customers.
Electrolux expects to lift sales growth at its professional products business above 7 percent after spinning off the unit next year, its executives told Reuters, citing opportunities to buy U.S. targets and add fast-food customers.
Electrolux shares hit an eight-month high on Friday after the home appliances maker announced plans to spin off its most profitable business to shareholders and beat earnings forecasts.
Home appliance maker Electrolux reported quarterly earnings ahead of market expectations and forecast less headwinds on costs in 2019 as prices hikes help it offset some of the raw material inflation due to tariffs on Chinese goods.
Swedish home appliance maker Electrolux said on Thursday it would spin off its Professional Products business, and that by splitting in two it would create extra shareholder value.
Swedish home appliance maker Electrolux said on Thursday said it was preparing for the separation and listing of its Professional Products business, with revenue of around 6.3 billion crowns ($697 million) in the first nine months last year.
Home appliance maker Electrolux <ELUXb.ST> forecast higher costs this year and next from rising raw material prices and tariffs on Chinese goods, sending its shares tumbling on Friday.
* N.America FY growth guidance at 0-2 pct vs 2-3 pct previously
U.S. tariffs helped raise raw material costs at Electrolux <ELUXb.ST>, denting first-quarter earnings and sending shares in Europe's largest home appliances maker down 11 percent on Friday.
* ELECTROLUX CEO SAYS FOR THE FULL YEAR WE CONTINUE TO PLAN TO OFFSET RAW MATERIAL PRICE INCREASE WITH COST EFFICIENCY MEASURES AND PRICE INCREASES
Swedish home appliance maker Electrolux reported lower than expected first-quarter core operating earnings on Friday and said rising raw material costs would take a greater toll this year than previously forecast.
Sweden's Electrolux <ELUXb.ST>, Europe's largest home appliance maker, said on Friday it would delay a planned $250 million investment in Tennessee, after U.S. President Donald Trump announced tariffs on imported aluminum and steel.
Sweden's Electrolux , Europe's largest home appliance maker, said on Friday it would put on hold a planned $250 million investment in the United States after President Donald Trump announced he would impose tariffs on imported aluminium and steel.
French competition authorities will give more details in March of alleged breaches of anti-trust rules by home appliances makers including Sweden's Electrolux <ELUXb.ST> and Germany's Bosch in 2006 to 2009, Electrolux said on Wednesday.
* SIGNS ORDER WITH ELECTROLUX WORTH ABOUT SEK 0.7 MILLION Source text for Eikon: Further company coverage: (Gdynia Newsroom)
Electrolux, Europe's largest home appliance maker, beat fourth-quarter operating profit expectations on Wednesday and reiterated its forecast for higher demand in Europe and North America this year.
* TO ACQUIRE GERMAN COMPANY IN PROFESSIONAL LAUNDRY - SCHNEIDEREIT GMBH
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