Electrolux AB Class B

AB Electrolux (publ), together with its subsidiaries, develops, manufactures, and sells household appliances. Its product range includes refrigerators, freezers, cookers, dishwashers, dryers, washing machines, air-conditioners, microwave ovens, vacuum cleaners, water heaters, heat pumps, and other small domestic appliances, as well as consumables and accessories. The company also offers hobs, ovens, hoods, and tumble dryers, along with product installation, repair, and maintenance services. It sells under the Electrolux, AEG, and Frigidaire brands through retailers, buying groups, independent stores, and directly to consumers, operating in the United States, Brazil, Germany, Australia, Canada, Switzerland, the United Kingdom, Italy, France, Sweden, and internationally. Founded in 1901, AB Electrolux (publ) is headquartered in Stockholm, Sweden.

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Electrolux Posts Q2 Net Loss of 1.6 Billion Kronor

Electrolux reported a second-quarter net loss of 1.6 billion Swedish kronor, swinging from a net income of 178 million kronor a year earlier. Loss per share was 3.16 kronor compared to a profit of 0.36 kronor in the prior year. Excluding non-recurring items, operating income rose 51% to 1.2 billion kronor from 797 million kronor. Net sales edged up 1% to 31.6 billion kronor, with organic sales growth of 2.0% driven by higher volumes in EMEA, APAC, and Latin America, while North America saw an organic decline amid weaker market conditions.

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