Welcome to our dedicated page for Electrolux AB news (Ticker: ELUXY), a resource for investors and traders seeking the latest updates and insights on Electrolux AB stock.
AB Electrolux (ELUXY) reports developments across Electrolux Group's home-appliance business, including product activity under the Frigidaire brand, regional operating decisions, and shareholder capital actions. Company news includes kitchen-appliance launches such as the Frigidaire Gallery Range with Stone-Baked Pizza Mode, updates on sales and production of major appliances and water heaters in Egypt, and recurring disclosures on Series A-to-Series B share conversions. Electrolux updates also cover earnings-presentation schedules, automatic redemption procedures, sustainability research, and other governance or capital-structure matters tied to the group's publicly traded shares.
Electrolux Group (OTCMKTS: ELUXY), through its Frigidaire brand, released a U.S. survey on leftover habits and launched an AI assistant, Frankie by Frigidaire, to cut food waste.
The survey found 74% discard fridge food weekly and 22% estimate up to $1,200 wasted annually. Motivations include avoiding waste (64%) and saving money (52%). Frankie suggests recipes and reheating tips, while Frigidaire refrigerators support visibility and freshness with features like Custom-Flex Temp Drawer, SpaceWise Organization System, and CrispSeal Crispers.
Frigidaire, part of Electrolux Group (OTCMKTS: ELUXY), issued a corrected release detailing a national survey on leftover food waste and the launch of Frankie by Frigidaire, an AI-powered assistant that turns leftovers into recipes and reheating guidance to save time and grocery costs.
The survey found 74% of U.S. adults discard fridge food weekly and 22% estimate up to $1,200 wasted annually. Frigidaire highlights refrigerator features like Custom-Flex Temp Drawer, SpaceWise Organization System, and CrispSeal Crispers to improve visibility, freshness, and reduce waste.
Frigidaire, an Electrolux Group brand (OTCMKTS: ELUXY), has launched North America's first home oven with Stone-Baked Pizza Mode, capable of reaching 750°F and cooking Neapolitan-style pizza in as little as two minutes. The company has partnered with comedian Sebastian Maniscalco to promote this innovative product.
The new Frigidaire oven, priced at $2,599 MSRP, includes a heat shield, 15" x 15" pizza stone, temperature probe, and pizza peel. Beyond pizza-making, it features 15+ cooking modes including Air Fry and Steam Bake. The launch is supported by a nationwide Taste The Difference Mobile Tour, retail pop-ups, and a national ad campaign.
Frigidaire, an Electrolux Group brand (OTCMKTS: ELUXY), has launched the industry-first Frigidaire Gallery Range with Stone-Baked Pizza Mode, capable of reaching temperatures up to 750°F. This innovative range can cook Neapolitan-style pizzas in as little as two minutes and features over 15 additional cooking modes.
The multifunctional appliance accommodates 14-inch pizzas and includes features like Air Fry, Air Sous Vide, Steam Bake, and more. Manufactured in Springfield, Tennessee, the range is available in gas, electric, and induction configurations, with prices starting at $2,599 MSRP.
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.
Frigidaire, owned by Electrolux Group (OTCMKTS: ELUXY), launches its new brand marketing campaign 'Daire to Expect More' celebrating over 100 years of innovation in home appliances. The campaign features creative taglines like 'Daire to Evolve,' 'Daire to Think Big,' 'Daire to Maximize,' and 'Daire to Be Versatile.'
The hero ad spot showcases a transition from a 1950s kitchen to a modern family setting, emphasizing the brand's evolution. Consumer testing through Kantar revealed exceptional results, with the campaign rated 95% more meaningful, 96% more different, and 92% more persuasive compared to previous campaigns.
The campaign will be distributed across streaming platforms, broadcast TV, digital display, and social media, highlighting Frigidaire's innovative features like Custom-Flex® Temp Drawer, SpaceWise® Organization System, and CrispSeal® Crispers.
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.
Electrolux announced the conversion of 41 Series A shares to Series B shares in September 2021, as requested by shareholders. This conversion led to a total voting power of 38,265,279 votes in the company. Currently, Electrolux has 308,920,308 registered shares, consisting of 8,192,498 Series A shares and 300,727,810 Series B shares. This process reduces the total number of votes within the company, which is significant for shareholders concerned about voting power.