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President and CEO Keith McLoughlin’s comments on the results for the fourth quar...

2/2/2012 1:51 AM EST  -   Electrolux
Maneuvering in a tough environment The appliance market in the fourth quarter of 2011 remained very competitive. The headwinds of price pressure, higher raw-material costs and weak demand grew stronger as the year progressed. Despite this challenging environment, we were able to generate an underlying operating income of SEK 4 billion in 2011. Furthermore, we have taken actions to increase prices, take out costs,...
Stefano Marzano
 

Electrolux appoints Stefano Marzano to the new role of Chief Design Officer

1/10/2012 2:00 AM EST  -   Electrolux
Stefano Marzano has been appointed Chief Design Officer, a new role at Electrolux. Marzano will lead a new Group staff function gathering all the design related competencies in the Group. The changes enable Electrolux to increase the relevance and speed with which innovative solutions are taken to market.
The changes consolidate the Electrolux strategy of continuing to develop innovative and thoughtfully...

President and CEO Keith McLoughlin’s comments on the results for the third quart...

10/28/2011 1:51 AM EST  -   Electrolux
Continued tough market conditions in the quarter Third-quarter results were impacted by continued tough market conditions. Demand declined further in several of Electrolux main markets in Southern Europe and the US, at the same time as the cost of raw materials increased. Aside from continuing improving price and mix, we must acce­lerate our efforts to adapt our cost structure. In this challenging environment, we...

Interim report January – September 2011

10/28/2011 1:50 AM EST  -   Electrolux
Highlights of the third quarter of 2011

• Net sales amounted to SEK 25,650m (26,326) and income for the period was SEK 825m (1,381), or SEK 2.90 (4.85) per share.

• Net sales increased by 2.2% in comparable currencies and including one month of sales from Olympic Group, mainly as a result of higher sales volumes.

• Operating income amounted to SEK 1,098m (1,977), corresponding to a margin of 4.3% (7.5), excluding...

President and CEO Keith McLoughlin’s comments on the results for the second quar...

7/19/2011 1:51 AM EST  -   Electrolux
A tough quarter As expected, weak demand in key markets, lower prices and increases in raw-material costs had a negative impact on second-quarter results. Even though sequentially better, we do not expect earnings in the second half of the year to reach the level achieved in the second half of 2010. In order to improve results, we are taking actions including raising prices in our most important markets and...

Electrolux raises the bar in sustainability reporting

5/9/2011 10:00 AM EST  -   Electrolux
Electrolux products with the best environmental performance accounted for 22% of total sold units and 35% of Electrolux gross profit in 2010. Sales of Green Range products, which have the best energy and water efficiency, have been progressing steadily since their roll-out in 2008. These are some of the findings in Electrolux 2010 sustainability performance review, Sustainability matters, where the Group presents...

President and CEO Keith McLoughlin’s comments on the results for the first quart...

4/27/2011 1:51 AM EST  -   Electrolux
Focus on price

Demand in most of Electrolux main markets showed good growth in the first quarter. In North America, profitability was pressed by increasing raw-material costs and continued pressure on prices. To mitigate cost increases in North America, we are raising prices during the second quar­ter.
In the first quarter, the development in North America was characterized to a great extent by increasing...

Interim report January - March 2011

4/27/2011 1:50 AM EST  -   Electrolux
Highlights of the first quarter of 2011

• Net sales amounted to SEK 23,436m (25,133) and income for the period was SEK 457m (911), or SEK 1.61 (3.20) per share.

• Net sales increased by 1% in comparable currencies.

• Market demand improved in Electrolux main markets.

• Strong sales growth in Latin America, Asia/Pacific and for Small Appliances.

• Operating income amounted to SEK 696m (1,326),...

Electrolux Annual Report 2010 now on www.electrolux.com

3/4/2011 9:00 AM EST  -   Electrolux
The Electrolux Annual Report for 2010 is available on the Group’s web site as of today, at www.electrolux.com/annualreport2010.
The report consists of two sections:
- Part 1: Operations and strategy
- Part 2: Financial review, Sustainability report and Corporate governance report

The printed version will be distributed to shareholders at the beginning of week 11. It can also be ordered at...

President and CEO Keith McLoughlin’s comments on the fourth-quarter results of 2...

2/2/2011 1:51 AM EST  -   Electrolux
Record results for 2010 We are reporting a solid result for the fourth quarter 2010, and the full-year result for 2010 was the best ever for Electrolux. We also succeeded in reaching our target operating margin of 6%. I am extremely proud that all of our operations have improved their results in a market that continues to be very competitive and in an environment with increasing costs for raw materials. The...