AB ELECTROLUX B S/ADR - ELUXY STOCK NEWS

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.

The Extraordinary General Meeting of Electrolux on August 27, 2021, approved a total distribution of SEK 4,886 million (SEK 17.00 per share) to shareholders through an automatic redemption procedure. This includes a 2:1 share split and a reduction in share capital. Key dates include:

• October 1: Last trading day including redemption right.
• October 4: First trading day post-split.
• October 28: Payment of redemption amount.

Electrolux has also sought a listing for the redemption shares on Nasdaq Stockholm.

Electrolux reveals insights from a global study involving nearly 14,000 young individuals, highlighting their commitment to sustainability. The study shows that 37% trust in themselves to drive change, while only 10% rely on adults. 43% believe young people will solve the climate crisis. Suggestions for sustainable living include education (73%) and green innovations (69%). The study influences Electrolux's 2030 sustainability targets, focusing on better living solutions. Young people's preferences emphasize producing food, recycling waste, and repairing clothes as key aspects of their future lifestyles.

The Nomination Committee for Electrolux's Annual General Meeting 2022 has been appointed, consisting of six members. The committee includes representatives from the company's four largest shareholders and additional Board members. Johan Forssell from Investor AB chairs the committee, which also features members from Alecta, AMF Försäkring och Fonder, and Swedbank Robur Funds. The committee will propose candidates and discuss remuneration for Board members and auditors for the meeting scheduled on March 30, 2022, in Stockholm, Sweden.

Electrolux reported a strong Q2 2021, with net sales rising to SEK 30,303m, reflecting an organic sales growth of 39.1%. Operating income surged to SEK 1,983m, yielding a margin of 6.5%. The net income for the period was SEK 1,383m, translating to earnings per share of SEK 4.81. The company has introduced a new dividend policy targeting around 50% of annual income and proposed a SEK 17 redemption per share. However, challenges persist in meeting market demands due to global supply shortages, particularly in electronic components.

Electrolux announced a revised dividend policy to distribute approximately 50% of annual income and proposed an automatic share redemption of SEK 17 per share, totaling around SEK 4.9bn. This decision stems from a strong financial position and aims to enhance shareholder returns. The Extraordinary General Meeting to approve the share redemption is set for August 27, 2021, with record day on October 5, 2021, and payment expected around October 28, 2021. A share buyback program is also planned to further benefit shareholders.

On July 8, 2021, Electrolux announced its acquisition of La Compagnie du SAV (CSAV), a leading independent service provider in France focusing on domestic appliance repairs. This strategic move aims to enhance Electrolux's service network in France and aligns with its commitment to promote circularity and repairability. CSAV, with around EUR 25 million in net sales for 2020 and nearly two million appliances serviced, will continue operating independently. The acquisition supports Electrolux's sustainability goals and addresses the growing demand for after-sales service.

Electrolux invites participants to its Q2 2021 results presentation scheduled for July 6, 2021, at 09:00 CET. CEO Jonas Samuelson and CFO Therese Friberg will discuss the results. The presentation slides will be accessible on the company's website. Listeners can access the presentation via provided links, and telephone participation details are available for Sweden, the UK, Europe, and the US. For further inquiries, investors can contact Sophie Arnius, Head of Investor Relations. This press release serves to inform stakeholders about the upcoming financial disclosure.