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
Electrolux completes acquisition of Kwikot
As of March 1, Electrolux acquisition of Kwikot Group has been completed, following regulatory approval in South Africa, Botswana and Namibia without any conditions.
Kwikot, which is South Africa’s leading producer of water heaters, is now part of Electrolux following, regulatory approval in South Africa, Botswana and Namibia without any conditions.
Read the press release about the acquisition here.
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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
Electrolux today announced it has agreed to acquire Best, a European manufacturer of innovative and well-designed kitchen hoods. The acquisition enables Electrolux to develop a fully comprehensive offering of built-in cooking solutions and will...Read more