Charlotte, NC, August 29, 2023 – Electrolux Group today donated more than $141,000 worth of room air conditioners to the United Way of Greater Nashville, which will distribute the appliances to the most vulnerable populations located both in the local community and surrounding areas. The organization is leveraging several local nonprofits to support the distribution of the appliances, including C.O.P.E., Stokes Brown Public Library, Robertson County YMCA, United Ministries Food Bank and Mid-Cumberland Community Action Agency.
SPRINGFIELD, Tenn. – June 14, 2021 – Electrolux hosted a ribbon-cutting ceremony and grand opening of its new Springfield warehouse. This is the first section of the more than $250 million...
Highlights of the full-year of 2023 In full-year 2023, net sales were SEK 134,451m (134,880) and operating income excl. non-recurring items was SEK 414m (831). Earnings declined mainly due to lower...
Electrolux Group announced today that operating income, excluding non-recurring items, in the fourth quarter of 2023 is estimated to be approx. SEK -0.7bn (-0.6). The underlying loss in business area North America is estimated at approx. SEK -1.4bn (-1.2), driven by intensified price pressure, lower volumes and elevated cost levels related to the cooking manufacturing transition.
Electrolux Group has divested its factory in Memphis, Tennessee, USA, for a cash consideration of USD 35m (approx. SEK 350m).
Electrolux Group has agreed to divest its manufacturing facility in Memphis, Tennessee, USA to a US-based investment company for a cash consideration of USD 61m (approx. SEK 675m).
The divestment of the Electrolux Group manufacturing facility in Memphis, Tennessee, USA, will not be completed as expected since the intended buyer has failed to proceed to closing. Electrolux Group will now seek an alternative buyer.
Electrolux Group hosts its Capital Markets Update for investors, financial analysts, and media representatives at 15.00 CET today. President & CEO Jonas Samuelson and other senior Group executives will provide an update on how the company is executing its strategy to drive profitable growth and deliver on its financial targets. Focus will be on growth opportunities in the aftermarket business and lifting financial performance in North America to the Group target level by executing on the earlier announced turnaround measures.
The divestment of the Electrolux manufacturing facility in Memphis, Tennessee, USA, will not be completed as expected since the buyer requested to move closing of the transaction to the first half-year 2023.
Highlights of the third quarter of 2022 Net sales increased to SEK 35,244m (30,929), corresponding to an organic sales growth of 1.2%. Strong price execution and mix improvements were partly offset...
Electrolux has agreed to divest its manufacturing facility in Memphis, Tennessee, USA, including certain equipment, for a cash consideration of USD 82.5m (approx. SEK 930m).
Leveraging global scale is key for Electrolux Group to drive profitable growth. In North America, new cooking products in higher value categories are increasing their share of sales. Highly...
Donation enables Electrolux to quadruple Robertson County’s holiday meal distribution
SPRINGFIELD, Tenn. – Nov. 15, 2021 – Electrolux announced today that it is making a $90,000 donation to...
Business area North America is investing in cost efficiency through automation and modularization in the fridge/freezer and cooking segments, which account for around two-thirds of the business...
Electrolux is committed to giving back in the communities where we work and live, and last week Electrolux in North America donated $1.2 million in kitchenware to non-profits to celebrate the...
The comments and figures in this report refer to continuing operations unless otherwise stated Highlights of the first quarter of 2020 Net sales declined to SEK 26,578m (27,408). Sales growth was...
The Electrolux Group said today it is reinitiating an investment in Springfield, Tennessee, and consolidating all U.S. cooking manufacturing into that facility. Electrolux also said it will transfer refrigeration manufacturing from its Santiago, Chile facility to other locations. The measures will lead to restructuring charges in the first quarter 2019 of approximately SEK 1 billion, whereof approximately SEK 300 million will have a cash flow impact.
Electrolux recently held its annual Electrolux Cares Week across its North American operations. Dedicated to fighting hunger during the annual week of giving, this year, 4,500 Electrolux employees helped prepare more than 87,000 meals for needy children.
The Electrolux Group said today it is planning total investments of approximately USD 500 million in its U.S. manufacturing operations, stepping up a strategic initiative to drive profitable growth in North America with new lines of innovative Frigidaire kitchen products. The company also said it will consolidate freezer production into its Anderson, South Carolina refrigeration facility.
Electrolux Cares Week, a week of volunteering and giving back in our communities, took place the week of September 25. Many Electrolux sites across North America participated in activities centered around tackling hunger.
Electrolux is planning to consolidate its North American cooking manufacturing by building a new manufacturing facility in Memphis, Tennessee, USA. In consolidating cooking production to Tennessee, where Electrolux currently operates a factory in Springfield, Electrolux will gain advantages of scale by leveraging resources such as R&D, talent, labs and supply base.
