Welcome to our dedicated page for Aktiebolaget Electrolux news (Ticker: ELRXF), a resource for investors and traders seeking the latest updates and insights on Aktiebolaget Electrolux stock.
The news page for AKTIEBOLAGET ELECTROLUX B (ELRXF), linked to AB Electrolux and Electrolux Group, aggregates official announcements and media releases related to the company. These items provide insight into its manufacturing activities, share structure, and decisions regarding regional operations, all of which are relevant for investors and observers following the stock.
Recent communications include detailed information on business evaluations and strategic decisions, such as Electrolux Group’s decision to retain its business in Egypt. In that case, the company explained that the Egyptian operations, which involve sales and production of major appliances and water heaters, were considered more valuable within the Group. The announcement also described objectives to benefit from a growing market, increase market share, and expand exports from Egypt, and noted the closure of a broader divestment program.
Another type of news covered is share capital and voting structure updates. For example, AB Electrolux has reported conversions of Series A shares into Series B shares under its articles of association, specifying how many shares were converted and how this affected the total number of votes and the distribution between share classes.
Visitors to this page can review such announcements to understand how AB Electrolux manages its regional businesses, communicates regulatory information, and reports technical details about its shares. The news feed highlights official disclosures that the company identifies as being made pursuant to applicable market regulations, offering a focused view of developments that the issuer itself has chosen to publish.
Electrolux Group has issued a correction to their Q1 2025 interim report press release, adding the required EU Market Abuse Regulation (MAR) label. The company reported significant financial improvements with net sales of SEK 32,576m and an organic sales growth of 7.9%.
Key highlights include:
- Operating income improved to SEK 452m, with a 1.4% margin
- Income for the period reached SEK 42m
- Cost reduction actions contributed SEK 1.4bn in efficiency
CEO Yannick Fierling noted increased market uncertainty, particularly in North America and Europe. The company adjusted its North American market outlook from "Neutral" to "Neutral to negative" for 2025. Despite challenges, Electrolux remains on track to achieve SEK 3.5-4bn in savings for 2025, focusing on profitable growth through innovation and marketing investments.
Electrolux Group has announced its decision to retain its business operations in Egypt following a strategic evaluation of alternatives. The company determined that maintaining the Egyptian business within the Group would generate higher value. The Egyptian operations, which include sales and production of major appliances and water heaters, are profitable and feature strong, well-established brands.
CEO Yannick Fierling stated that the company aims to capitalize on Egypt's growing market, increase market share, and expand exports from the region. This announcement effectively closes the divestment program that was initially announced on July 20, 2023.
Summary not available.
Electrolux will release its Q2 2022 results on July 21, 2022, at approximately 08:00 CEST. A conference call hosted by Jonas Samuelson, President and CEO, along with Therese Friberg, CFO, will follow at 09:00 CEST. Investors can access presentation slides on Electrolux's website. For call participation, international numbers are provided alongside a pin code. For further inquiries, contact Sophie Arnius in Investor Relations.