The Electrolux Food Foundation supports a global project launched by its partner Worldchefs to educate chefs to use food resources in a more sustainable way.Read more
Electrolux completes acquisition of Anova
Electrolux acquisition of Anova has been completed as of April 4, following regulatory approvals in the Unites States.
Anova, based in San Francisco, provides the Anova Precision Cooker, an innovative connected device for sous vide cooking that enables restaurant-quality results in the home. The acquisition offers a significant opportunity for profitable growth in this emerging product category. Read the full press release from Feb 6 here.
“We’re very excited to now begin our journey of creating best-in-class consumer experiences together with the Anova team,” said Ola Nilsson, head of Electrolux business area Home Care and Small Domestic Appliances. “In the weeks since announcing the acquisition, we have become even more convinced that it will unlock great value for Electrolux as well as for consumers around the world.”
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Significant earnings improvement across the Group. During the second quarter Electrolux improved its operating income by close to 25%, achieving an operating margin of 6.2%.Read more
Highlights of the second quarter of 2017. Net sales increased by 5.1% to SEK 31,502m (29,983). Organic sales were unchanged, contribution from acquisitions and divestments was 1.2% while currency translation had a positive impact...Read more