President and CEO Keith McLoughlin’s comments on the results for the first quarter of 2013

Strong North America, Weak Europe

Supported by a gradual recovery in the market, the Electrolux North American appliance business generated strong sales and earnings growth. Results in Latin America, Europe and Small Appliances were all impacted by negative currency movements. Operations in Latin America and Asia presented yet another quarter of solid sales growth. In Europe, however, all of our operations continued to suffer from weak consumer confidence, resulting in falling volumes and negative price and mix development.
At the end of the first quarter, Electrolux experienced very strong currency movements, which had a total negative impact of more than SEK 300m on operating income. Excluding the currency impact, operating income for the first quarter exceeded last year’s results by 15%. One third of the negative currency impact was related to the Latin American operations. We expect that the negative currency effect in Latin America, mainly in Brazil, will diminish over the...

Electrolux

Electrolux is a global leader in household appliances and appliances for professional use, selling more than 40 million products to customers in more than 150 markets every year. The company focuses on innovative product...

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Bert Nordberg
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Electrolux Design Lab - Winner concept 2012 - Aeroball
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Electrolux Grand Cuisine and Keith McLoughlin2
Martin von Arronet Electrolux
Portable Spot Cleaner
Keith McLoughlin and Hans Stråberg
Keith McLoughlin
Henrik Bergström
Lorna Davis proposed new Board member of Electrolux
Electrolux Design Lab 2009 Award winner Cocoon
Electrolux Design Lab 2009 Cocoon
Alberto Zanata

Social

5/21/2013 9:33 AM EST
Electrolux is for the third year running sponsoring the Cannes Film Festival which runs May 15-26. Once again, Electrolux is using the festival to showcase its 90 years of professional expertise and increase brand visibility.
4/12/2013 6:35 AM EST
Electrolux has again been included in the FTSE4Good Index Series, where the company was also ranked among the sector leaders in the rating of its ESG (Environmental, Social and Governance) factors.
4/11/2013 8:02 AM EST
Premium bagless vacuum cleaners is a large and fast-growing segment in Europe and other markets. Electrolux now launches the UltraCaptic, a new innovative bagless vacuum cleaner which addresses the main consumer concern in this category: How to empty the container without releasing a cloud of dust.
4/3/2013 8:39 AM EST
Innovative ideas from more than 100 design students in 29 countries passed the first round of selection in Electrolux Design Lab 2013.
4/2/2013 12:32 PM EST
Through our global presence and emphasis on sustainability, Electrolux is well-positioned for profitable, long-term growth.
3/19/2013 6:34 AM EST
Electrolux achieved an outstanding result in this year’s red dot design awards, securing a total 22 awards for high quality design under all three of the Group’s European brands: Electrolux, AEG and Zanussi. Appliances including ovens, hoods, hobs, dishwashers, washing machines and vacuum cleaners were all recognized by the international jury.
2/13/2013 7:54 AM EST
Electrolux welcomes the proposal from the European Commission on energy labelling of vacuum cleaners.
2/5/2013 12:30 PM EST
In association with Stockholm Design Week, journalists got to get behind the scenes at Electrolux headquarters and meet the designers behind the latest innovations in home appliances and experience the visionary concepts of the future.
1/31/2013 8:00 AM EST
Electrolux has this year been included in the Global 100 ranking of the world’s most sustainable companies, returning to the list for the first time since 2005. The company was also for the second year running named Sector Leader in the RobecoSAM 2013 global sustainability rating, and ranked as one of the world’s leading consumer goods companies in terms of addressing climate change.
1/7/2013 5:12 AM EST
The competition that has generated innovative concepts returns for its 11th year and today announces the new theme for 2013.