AB ELECTROLUX B S/ADR - ELUXY STOCK NEWS

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.

On February 25, 2021, Electrolux published its 2020 Annual Report, available for download on its website. The report highlights the impact of the coronavirus pandemic and notes significant improvement in financial performance due to effective product offerings. Additionally, the report incorporates a climate report based on TCFD recommendations, assessing long-term climate change effects. A revised Annual Review is now part of the Investor Relations section on the Electrolux website, focusing on the company's strategy and market information.

The shareholders of AB Electrolux are notified of the Annual General Meeting scheduled for March 25, 2021. Due to COVID-19, the meeting will occur without physical presence, allowing postal voting only. Shareholders must register by March 17, 2021, to participate. A proposed dividend of SEK 8.00 per share will be paid in two installments. The agenda includes election of directors, approval of the remuneration report, and a new long-term share program. The Board seeks authorizations for share acquisitions and transfers for potential company acquisitions.