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Electrolux AB (ELUXb.ST)

ELUXb.ST on Stockholm Stock Exchange

270.80SEK
22 Feb 2018
Change (% chg)

0.60kr (+0.22%)
Prev Close
270.20kr
Open
269.40kr
Day's High
271.50kr
Day's Low
266.00kr
Volume
792,610
Avg. Vol
1,083,197
52-wk High
309.40kr
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232.80kr

Latest Key Developments (Source: Significant Developments)

Electrolux to invest $500 mln in U.S., end manufacturing in Minnesota
Tuesday, 30 Jan 2018 

Jan 30 (Reuters) - Electrolux Ab ::ELECTROLUX INVESTING $500 MILLION IN U.S. PRODUCT INNOVATION AND MANUFACTURING, ALSO CONSOLIDATING PRODUCTION.SAYS ‍WILL CONSOLIDATE FREEZER PRODUCTION INTO ITS ANDERSON, SOUTH CAROLINA REFRIGERATION FACILITY.​.SAYS WILL ‍MODERNIZE AND EXPAND MANUFACTURING OPERATION IN SPRINGFIELD, TENNESSEE FOR APPROXIMATELY USD 250 MILLION, INCLUDING A NEW LINE OF FREESTANDING COOKING PRODUCTS.SAYS THIS ADDS TO A PREVIOUSLY DECIDED INVESTMENT OF APPROXIMATELY USD 250 MILLION IN A NEW RANGE OF PRODUCTS AND MANUFACTURING PROCESSES AT THE ANDERSON FACILITY​.SAYS ‍COMPANY WILL CEASE PRODUCTION AT ITS ST. CLOUD, MINNESOTA FACILITY​.ELECTROLUX SAYS ‍COMPANY WILL TAKE A RESTRUCTURING CHARGE OF APPROXIMATELY USD 75 MILLION (APPROXIMATELY SEK 600 MILLION) IN Q1 OF 2018​.SAYS ‍IS INCREASING ITS LEVEL OF CAPITAL EXPENDITURE INVESTMENTS TO DRIVE TARGETED GROWTH OVER COMING THREE TO FOUR YEARS, PARTICULARLY IN NORTH AMERICA AND LATIN AMERICA​.  Full Article

Electrolux to buy German professional laundry firm
Monday, 22 Jan 2018 

Jan 22 (Reuters) - Electrolux ::TO ACQUIRE GERMAN COMPANY IN PROFESSIONAL LAUNDRY - SCHNEIDEREIT GMBH.SAYS ACQUIRED CO NET SALES IN 2016 AMOUNTED TO AROUND EUR 18 MILLION.  Full Article

Staffan Bohman proposed as new chairman of Electrolux
Friday, 12 Jan 2018 

Jan 12 (Reuters) - Electrolux ::STAFFAN BOHMAN PROPOSED NEW CHAIRMAN OF AB ELECTROLUX.SAYS ‍BOHMAN IS CHAIRMAN OF HOGANAS AB, IPCO AB AND UPPLANDS MOTOR HOLDINGS AB, AND BOARD MEMBER IN ATLAS COPCO AB.  Full Article

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

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U.S. home appliance shipments down 0.5 percent year-on-year in January

STOCKHOLM Deliveries of the six biggest categories of white goods (AHAM 6) in the United States dropped 0.5 percent year-on-year in January, data from industry body Association of Home Appliance Manufacturers (AHAM) showed late on Tuesday.