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Electrolux AB (ELUXb.ST)

ELUXb.ST on Stockholm Stock Exchange

268.80SEK
14 Dec 2017
Change (% chg)

0.40kr (+0.15%)
Prev Close
268.40kr
Open
267.50kr
Day's High
271.10kr
Day's Low
266.70kr
Volume
847,177
Avg. Vol
906,141
52-wk High
309.40kr
52-wk Low
216.20kr

Latest Key Developments (Source: Significant Developments)

Electrolux maintains 2017 market outlook, raw materials guidance
Friday, 27 Oct 2017 

Oct 27 (Reuters) - Electrolux :ELECTROLUX PRESIDENT AND CEO JONAS SAMUELSON'S COMMENTS ON THE RESULTS FOR THE THIRD QUARTER 2017.SAYS ‍WE EXPECT TOTAL EUROPEAN MARKET TO BE POSITIVE AND RECONFIRM OUR OUTLOOK OF AROUND 1% GROWTH IN 2017​.SAYS ‍WE CONFIRM OUR FULL YEAR GROWTH OUTLOOK TO BE ABOUT 3-4% FOR NORTH AMERICAN MARKET​.SAYS ‍WE RECONFIRM EXPECTED NEGATIVE IMPACT FROM RAW-MATERIAL COSTS TO BE AROUND SEK 1.4 BILLION FOR FULL YEAR​.SAYS ‍WE EXPECT A SLIGHTLY POSITIVE ORGANIC CONTRIBUTION IN Q4 WITH VOLUME/MIX OFFSETTING CONTINUED NEGATIVE PRICE PRESSURE​.SAYS ‍WE HAVE DURING Q3 FURTHER ACCELERATED OUR EFFICIENCY MEASURES AND NOW EXPECT TO DELIVER A NET COST EFFICIENCY OF AROUND SEK 3 BILLION FOR FULL YEAR OF 2017​.SAYS ‍PACE OF NET COST REDUCTIONS WILL BE LOWER IN Q4 THAN IN Q3 AS SOME PLANNED MARKET LAUNCH ACTIVITIES IN NORTH AMERICA WERE SHIFTED INTO Q4​.SAYS ‍LATIN AMERICA DELIVERED ORGANIC SALES GROWTH FOR FIRST TIME SINCE Q2 OF 2015​.  Full Article

Electrolux acquires Continental brand in Latin America
Monday, 23 Oct 2017 

Oct 23 (Reuters) - Electrolux Ab :Electrolux says ‍Brazilian court administering bankruptcy of Mabe Brazil has accepted a 70 million Brazilian real (SEK 178 mln) bid to acquire intellectual property assets of estate​.  Full Article

Electrolux says UK construction industry cautious after Brexit
Wednesday, 20 Jul 2016 

Electrolux CEO Jonas Samuelson in Q2 earnings call: Says we have seen mainly the UK construction industry signalling they will be more cautious going forward . Says in terms of regular retail demand, we are not seeing as much of an impact at this stage Further company coverage: [ELUXb.ST] (Stockholm Newsroom) ((stockholm.newsroom@thomsonreuters.com; +46 (0)8-700 10 10;)).  Full Article

Electrolux sees bigger 2016 boost from lower raw material costs
Wednesday, 20 Jul 2016 

Electrolux AB : Sees positive raw material cost effect of around 750 mln SEK in 2016 (up from April view of around 700 mln) - presentation material . Says positive raw material cost effect impact seen slowing in Q4 - presentation material . Sees negative FX impact of 1.1 billion SEK in FY2016 based on July 11 FX rates (saw negative 1.3 bln in April)- presentation material .Sees negative FX impact of 125 mln SEK in Q3 - presentation material.  Full Article

Electrolux ups European market outlook, says UK demand uncertain
Wednesday, 20 Jul 2016 

Electrolux : Says we now expect European market demand to grow by 2-4 pct in 2016 . Co's April outlook was for Western European market to grow by 2-3 pct in 2016 and the market in Eastern Europe by approximately 2 pct . Says following brexit referendum, outlook for UK demand and British pound is uncertain . Says we expect market demand for appliances in North America to grow by 4-5 pct in 2016 (unchanged from April outlook) . Says we expect Latin American market to remain weak also in second half of 2016 .Says continued to gain market share in our focus categories and premium brands in EMEA.  Full Article

Electrolux Q2 operating profit tops forecast
Wednesday, 20 Jul 2016 

Electrolux : Q2 operating income increased to SEK 1,564m (921) . Says four of six business areas achieved an operating margin above 6% . Q2 net sales amounted to SEK 29,983m (31,355). . Organic sales declined by -0.9% .Reuters poll: Electrolux Q2 net sales were seen at 30.6 billion sek, EBIT at 1,522 million SEK.  Full Article

Electrolux buys Australian wine cabinet maker
Tuesday, 28 Jun 2016 

Electrolux Ab : Electrolux acquires wine cabinet company in asia pacific . Electrolux today announced it has agreed to acquire Vintec, an Australia and Singapore-based company which supplies a wide range of climate-controlled wine cabinets throughout the Asia Pacific region . With annual sales of more than AUD 22 million (approx. SEK 139 million), Vintec sells products under the market leading brands Vintec and Transtherm for both residential and professional customers . The transaction is expected to close in Q3, 2016 Further company coverage: [ELUXb.ST] (Reporting By Anna Ringstrom) ((Anna.Ringstrom@thomsonreuters.com;)).  Full Article

Feelgood Svenska signs deal with Electrolux
Tuesday, 10 May 2016 

Feelgood Svenska publ AB : Signs deal with Electrolux .Agreement is valid from and including May 2, 2015.  Full Article

Electrolux AB appoints Ohlsson-Leijon as CFO
Tuesday, 23 Feb 2016 

Electrolux AB:Says has appointed Anna Ohlsson-Leijon, CFO of the business area Major Appliances Europe, Middle East and Africa (EMEA), as new Chief Financial Officer of AB Electrolux.Ohlsson-Leijon joined Electrolux in 2001 as Director of Project Management.She has since held senior management positions including head of the Group's internal audit function from 2005, Group Treasurer from 2008, and Head of Corporate Control & Services from 2011.Ohlsson-Leijon succeeds Tomas Eliasson, who as previously announced is leaving the company to pursue an external opportunity.  Full Article

Electrolux AB sees FX headwind in Q1 2-16 similar to Q4 2015
Thursday, 28 Jan 2016 

Electrolux AB:CFO says expects FX impact to be about 2.2 billion negative in FY 2016 at current FX levels.CFO says expects FX impact in Q1 2016 to be similar to Q4 2015, between 700 and 800 million crowns negative.  Full Article

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Electrolux steps up spending for North American factory overhaul

STOCKHOLM Electrolux , one of the world's biggest home appliance makers, is launching an 8 billion Swedish crown ($950 million) investment drive to modernize its factories, especially in North America, to better compete with cheap Asian competition.