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 launches pilot to reduce pollution in ports
Electrolux has started the ball rolling to reduce pollution from high levels of sulfur oxides (SOx) in port areas, with a voluntary switch to low-sulfur fuel as the first company taking part in a pilot initiative with shipping company Hamburg Süd.
With moored ships burning heavy fuel oils in port, often in densely populated areas, pollution has become a serious issue. Following discussions with other major brands and carriers as part of the Clean Cargo Working Group (CCWG), Hamburg Süd has agreed to host a pilot run.
The first fuel switch took place in Iquique, Chile, on March 1–2. Electrolux plans to extend the project to Mexico and Peru, and is in discussion with other companies to ‘get on board’.
“During the last five years, Electrolux carriers have succeeded in reducing CO2 emissions by 35 percent. The next step, as part of the Electrolux Sustainability framework For The Better, is to reduce levels of sulfur oxides in those ports that lack regulation. We are starting in Chile”, says Tomas Dahlman, Electrolux Director Global Energy Strategies.
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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