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Electrolux AB (ELUXb.ST)

ELUXb.ST on Stockholm Stock Exchange

222.40SEK
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Latest Key Developments (Source: Significant Developments)

Electrolux saw some UK prebuying ahead of March Brexit deadline - CEO
Friday, 26 Apr 2019 

April 26 (Reuters) - Electrolux AB CEO::ELECTROLUX CEO SAYS BELIEVES THERE WAS SOME PREBUYING ACTIVITY IN THE UK DUE TO THE EXPECTATIONS OF A HARD BREXIT IN MARCH.ELECTROLUX CEO SAYS EXPECTS CURRENT RUN RATE IN NORTH AMERICA PRIVATE LABEL BUSINESS TO CONTINUE FOR REST OF 2019, RUN RATE IN Q1 "VERY SIGNIFICANTLY" REDUCED YEAR OVER YEAR.  Full Article

Electrolux expects manufacturing investment program to generate 3 bln SEK in savings
Wednesday, 27 Mar 2019 

March 27 (Reuters) - Electrolux AB ::AIMS TO DOUBLE AFTERMARKET SALES, FROM 5% OF GROUP SALES TO 10% BY 2025, BY STRENGTHENING SERVICE PRODUCT OFFERING AND LEVERAGING DIGITAL CONSUMER TOUCH POINTS.SAYS ALSO REITERATED ITS BUSINESS OUTLOOK FOR 2019 PUBLISHED IN Q4 2018 REPORT.SAYS MARKET OUTLOOK ACROSS ELECTROLUX MAIN REGIONS IS UNCHANGED BUT VISIBILITY REMAINS LIMITED AS A CONSEQUENCE OF CONTINUED POLITICAL AND ECONOMIC UNCERTAINTY AROUND WORLD.MANUFACTURING INVESTMENT PROGRAM IS NOW EXPECTED TO GENERATE ANNUAL COST SAVINGS OF APPROXIMATELY SEK 3 BILLION WITH FULL EFFECT FROM 2024.  Full Article

Electrolux CEO says new price increases planned for January
Friday, 26 Oct 2018 

Oct 26 (Reuters) - Electrolux AB ::ELECTROLUX CEO SAYS HAS ANNOUNCED FUTURE PRICE INCREASES TO OFFSET COST INCREASES LIKE U.S. RIVAL WHIRLPOOL, SAYS SEES NO MAJOR DIFFERENCE IN STRATEGIES.ELECTROLUX CEO SAYS IN MOST OF COMPANY'S MARKETS DOESN'T SEE ANY DOWNTURN, SEES DEMAND CUTS AS SHORT-TERM.ELECTROLUX CEO SAYS NOW MORE PROACTIVE IN OUR PRICING ACTIONS TO OFFSET COST INCREASES, NEW PRODUCT PRICE INCREASES PLANNED MAINLY FOR JANUARY.ELECTROLUX CEO SAYS RAW MATERIAL COST INFLATIONS RELATED TO HIGHER STEEL, PLASTIC AND CHEMICAL COSTS AND TARIFFS ON SUBSTANTIAL IMPORTS FROM CHINA.  Full Article

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

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Electrolux sees slowing cost headwinds in 2019 after profit beat

STOCKHOLM Swedish home appliance maker Electrolux scaled back its full-year cost guidance after reporting first-quarter earnings above market expectations as price hikes and improved product mix helped offset tariff and currency headwinds.