Welcome to our dedicated page for Aktiebolaget Electrolux news (Ticker: ELUXY), a resource for investors and traders seeking the latest updates and insights on Aktiebolaget Electrolux stock.
Electrolux (ELUXY) maintains its industry leadership through continuous innovation in home and professional appliances. This news hub provides stakeholders with essential updates on corporate developments, financial milestones, and market strategies.
Access official press releases alongside curated analysis of product launches, sustainability initiatives, and partnership announcements. Our repository serves investors and industry observers seeking to understand Electrolux's operational decisions and competitive positioning.
Key coverage areas: quarterly earnings disclosures, manufacturing innovations, executive appointments, and regulatory compliance updates. All content is sourced from verified channels to ensure reliability.
Bookmark this page for streamlined access to ELUXY's evolving corporate narrative. Regular updates provide critical insights into one of the appliance sector's most strategically significant enterprises.
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.
Electrolux has issued an open letter inviting youth aged 15-20 to collaborate with influential change-makers to explore sustainable living solutions for 2030. The initiative aims to gather insights from the younger generation regarding their future home aspirations, thereby aligning Electrolux's innovation efforts with their needs. A global survey will solicit responses from almost 14,000 participants, focusing on creating tailored products in areas like garment care. This initiative underscores Electrolux's commitment to sustainability and innovation as part of their 2030 targets.
Electrolux reported a strong Q1 2021, with net sales rising to SEK 29,026m from SEK 26,578m, marking a 22.8% organic growth. Operating income also surged to SEK 2,297m, representing a margin of 7.9%. The company achieved earnings of SEK 1,556m with an EPS of SEK 5.41. Demand for appliances remained robust, largely driven by increased home improvement spending. However, supply chain issues persist, particularly in electronic components, impacting production efficiency.
Electrolux will release its Q1 2021 results on April 28, 2021, at 08.00 CET. A conference call will follow at 09.00 CET, featuring comments from CEO Jonas Samuelson and CFO Therese Friberg. Interested parties can access presentation slides on the Electrolux website. For telephonic participation, attendees in Sweden can call +46 8 566 426 51, while those in the UK/Europe can dial +44 3333 000 804, and participants in the US should call +1 631 9131 422. The pin code for access is 87590350#.
The Annual General Meeting (AGM) for Electrolux was held on March 25, 2021, through advance voting due to COVID-19 safety measures. The AGM saw the re-election of board members, including Staffan Bohman as Chairman. A dividend of SEK 8.00 per share was approved, to be paid in two installments on March 29 and September 29, 2021. The AGM also approved a long-term share program for 2021 and authorized the board to acquire up to 10% of the company's shares until next year's AGM. For additional details, download the official documents from their website.
Electrolux held the Future Sustainable Kitchen digital event on March 22, 2021, focusing on advancing sustainability in cooking and eating. The event gathered leaders from various sectors, including food tech and NGOs, to explore solutions for sustainable eating. Key topics included the Food Sustainability Challenge and collaboration for a greener kitchen. Electrolux aims to make sustainable eating the preferred choice by 2030 through its Better Living Program. It also announced a partnership with SideChef and Le Cordon Bleu to enhance cooking experiences with sustainable recipes.
Electrolux announced a webcast featuring Chairman Staffan Bohman and CEO Jonas Samuelson ahead of its Annual General Meeting scheduled for March 25, 2021. Due to the coronavirus pandemic, the meeting will occur without physical shareholder presence. The webcast, available on the company's website, shares reflections on the past year and upcoming strategy. Further details regarding the meeting and postal voting are accessible online, with results to be shared on the same date.
