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Electrolux AB (ELUXb.ST)

ELUXb.ST on Stockholm Stock Exchange

194.05SEK
21 Sep 2018
Change (% chg)

1.45kr (+0.75%)
Prev Close
192.60kr
Open
193.70kr
Day's High
195.70kr
Day's Low
193.20kr
Volume
1,914,417
Avg. Vol
1,467,123
52-wk High
309.40kr
52-wk Low
188.10kr

Latest Key Developments (Source: Significant Developments)

Electrolux divests Beam and Sanitaire in North America
Wednesday, 8 Aug 2018 

Aug 8 (Reuters) - Electrolux AB says::Has divested its U.S.-based commercial and central vacuum cleaner businesses in North America, including the brands Sanitaire and BEAM..The divested operations had combined revenues in 2017 of around USD 70 million..  Full Article

Electrolux CEO Details Impact Of New U.S. Tariffs
Wednesday, 18 Jul 2018 

July 18 (Reuters) - Electrolux AB ::ELECTROLUX CEO SAYS INCREASED POLITICAL AND ECONOMIC UNCERTAINTIES PARTLY TO BLAME FOR LOWER DEMAND OUTLOOK FOR 2018 FOR LATIN AMERICA.ELECTROLUX CEO SAYS IN Q3, WE EXPECT RAW MATERIAL COSTS TO INCREASE BY 0.5 BILLION SEK.ELECTROLUX CEO SAYS U.S. TARIFFS ANNOUNCED IN BEGINNING OF JULY TO HAVE AN IMPACT OF $10 MILLION PLUS THIS YEAR.ELECTROLUX CEO SAYS THE IMPACT IS YET UNKNOWN FROM UNCONFIRMED LIST OF POTENTIAL FURTHER U.S. TARIFFS ON GOODS WORTH $200 BILLION.ELECTROLUX CEO SAYS ALREADY ANNOUNCED FURTHER PRICE INCREASES IN NORTH AMERICA FOLLOWING FURTHER COST INFLATION FROM NEW U.S. TARIFFS.ELECTROLUX CEO SAYS WE SEE STABLE PROFITABILITY LEVELS GOING FORWARD IN H2.  Full Article

Electrolux books 25 mln EUR provision related to court ruling in France
Tuesday, 17 Jul 2018 

July 17 (Reuters) - Electrolux AB ::ELECTROLUX SETS PROVISION OF MEUR 25 RELATED TO UNFAVORABLE COURT RULING IN FRANCE.ELECTROLUX SAYS PROVISION WILL AFFECT GROUP'S OPERATING PROFIT IN Q2 OF 2018.ELECTROLUX SAYS WILL ANALYZE RULING AND EVALUATE ITS OPTIONS, INCLUDING POSSIBILITY TO APPEAL.ELECTROLUX SAYS DECISION RELATES TO A DISPUTE OVER 2014 DIVESTMENT OF SUBSIDIARY.  Full Article

Electrolux Sets Provision Related To Competition Authority Investigation In France
Wednesday, 20 Jun 2018 

June 20 (Reuters) - Electrolux AB ::ELECTROLUX SETS PROVISION RELATED TO COMPETITION AUTHORITY INVESTIGATION IN FRANCE.WILL SET A PROVISION OF APPROXIMATELY MSEK 550, IN CONNECTION TO A PREVIOUSLY COMMUNICATED INVESTIGATION BY FRENCH COMPETITION AUTHORITY.PROVISION WILL AFFECT GROUP'S OPERATING PROFIT IN Q2 OF 2018.ELECTROLUX IS COOPERATING FULLY WITH FCA.  Full Article

Electrolux CEO says expects to be able to offset raw material cost rise in 2018
Friday, 27 Apr 2018 

April 27 (Reuters) - Electrolux AB ::ELECTROLUX CEO SAYS FOR THE FULL YEAR WE CONTINUE TO PLAN TO OFFSET RAW MATERIAL PRICE INCREASE WITH COST EFFICIENCY MEASURES AND PRICE INCREASES.ELECTROLUX CEO SAYS ARE IMPLEMENTING PRICE INCREASES AS WE SPEAK, SO EXPECT TO SEE CONTINUED POSITIVE NET PRICE CONTRIBUTION IN MAJOR MARKETS.ELECTROLUX CEO SAYS OVERALL WE SEE MORE COST EFFICIENCY OPPORTUNITIES NOW THAN WE DID AT THE START OF THE YEAR.  Full Article

Electrolux Committed To Reducing Greenhouse Gas Emissions From Operations By 80 Pct, Emissions From Products By 25 Pct By 2025
Tuesday, 17 Apr 2018 

April 17 (Reuters) - Electrolux AB ::COMMITTED TO REDUCING GREENHOUSE GAS EMISSIONS FROM OPERATIONS BY 80% AND ITS EMISSIONS FROM PRODUCTS BY 25% BY 2025.  Full Article

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

Factbox: Impact of trade tariffs on European companies

Some European companies are rethinking their strategies to cushion the impact of trade tensions between the world's two biggest economies, the United States and China.