AB Electrolux - Company Profile
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AB Electrolux (Electrolux) designs, develops and markets home and professional appliances. The company's primary offerings include a wide range of household appliances such as refrigerators, freezers, ovens, cookers, washing machines, vacuum cleaners, and small domestic appliances. Electrolux is associated with several notable brands including AEG, Frigidaire, and Zanussi. The company's products are designed for both household and professional use, catering to the needs of millions of customers worldwide. Electrolux operates through a network of distribution channels that span across various markets. The company's operations are divided into four business areas: Europe, Asia-Pacific, Middle East and Africa; North America; and Latin America. Electrolux is headquartered in Stockholm, Sweden.
Headquarters
Sweden
Address
S:T Goransgatan 143, Stadshagen, Stockholm, 11217
Website
www.electroluxgroup.com
Telephone
46 8 7386000
No of Employees
45,000
Industry
Consumer Packaged Goods
Ticker Symbol & Exchange
ELUX B (STO)
Revenue (2022)
$12.7B
-0.3%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
-296%
(2022 vs 2021)
Market Cap*
$2.3B
Net Profit Margin (2022)
XYZ
-296.9%
(2022 vs 2021)
* As of and is in US$
AB Electrolux premium industry data and analytics
Products and Services
| Products | Brands |
|---|---|
| Refrigerators | AEG |
| Freezers | Electrolux |
| Cookers | Frigidaire |
| XYZ | |
| XYZ | |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2024 | Contracts/Agreements | In March, the company along with GE Appliances and Samsung entered into a partnership with Tide to support drive eco-behavior change in the laundry room. |
| 2024 | New Products/Services | In March, Electrolux Group made a vacuum cleaner made of up to 44% recycled material. |
| 2022 | Corporate Changes/Expansions | In December, the company opened a new brand outlet in Gurugram, Haryana, India. |
Competitor Comparison
| Key Parameters | AB Electrolux | Samsung Electronics Co Ltd | LG Electronics Inc | Koninklijke Philips NV | Whirlpool Corp |
|---|---|---|---|---|---|
| Headquarters | Sweden | South Korea | South Korea | Netherlands | United States of America |
| City | Stockholm | Suwon | Seoul | Eindhoven | Benton Harbor |
| State/Province | Stockholm | Seoul | - | Noord-Holland | Michigan |
| No. of Employees | 45,000 | 98,557 | 37,835 | 69,656 | 59,000 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Staffan Bohman | Chairman | Executive Board | 2018 | 75 |
| Jonas Samuelson | President; Chief Executive Officer; Director | Executive Board | 2016 | 56 |
| Therese Friberg | Chief Financial Officer; Executive Vice President | Senior Management | 2018 | 49 |
| Elena Breda | Chief Technology and Sustainability Officer | Senior Management | 2023 | 51 |
| Anna Ohlsson-Leijon | Chief Commercial Officer; Head - Commercial and Consumer Journey organization | Senior Management | 2022 | 56 |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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