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Electrolux
The following articles have been tagged with "Electrolux":
Electrolux profits drop after slow Europe sales
Business & Money: 25 Apr 13
Electrolux's net profits suffered a 28-percent drop in the first quarter, the Swedish home appliance giant reported on Thursday, citing sluggish demand in Europe and a strong krona.
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Electrolux growth defies European slump
Business & Money: 1 Feb 13
The Swedish homeware appliance giant Electrolux released worse than expected profit results on Friday, but said "organic growth" was strong despite pressure from the tough European sales climate.
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Stockholm – where the past and the future combine
Education: 22 Oct 12
With three institutions in the top 100 of the Academic Ranking of World Universities and as home to the likes of Ericsson, Ikea, Electrolux, Spotify, Volvo and many more global corporations, Sweden is already an attractive proposition for the next generation of academics, researchers, engineers and entrepreneurs.
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Electrolux reports rise in first quarter figures
Business & Money: 25 Apr 12
Swedish white ware giant Electrolux announced on Wednesday that it had seen a 23 percent profit rise over the first quarter compared to the same period last year.
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High-schooler vies for spot on Investor board
Business & Money: 11 Apr 12
A 20-year-old Swede who has yet to graduate from high school has nominated himself to the board of Investor, one of Sweden's most powerful investment companies.
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Electrolux profits plunge amid weak demand
Business & Money: 2 Feb 12
Swedish appliancemaker Electrolux reported a nearly 50 percent drop in net profits for 2011 as material costs and lower demand took their toll on earnings.
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Why should I study in Sweden?
Study in Sweden: 17 Jan 12
It is a big step to study abroad, and the options are almost limitless. So what makes Sweden stand out as a study destination?
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Electrolux reports steep earnings drop
Business & Money: 19 Jul 11
Swedish household appliance-maker Electrolux on Tuesday reported a profit slump because of high materials prices and weak demand, and warned of difficult trading conditions for the rest of the year.
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Networking site Linkedin to open Stockholm office
Business & Money: 15 Jun 11
Professional networking site Linkedin revealed on Wednesday plans to open a Stockholm office to further the Scandinavian market and offer better services to members in the Nordic countries.
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Sweden's Electrolux reports profits slump
Business & Money: 27 Apr 11
Swedish household goods manufacturer Electrolux reported a 50 percent drop in net profits for the first quarter on Wednesday, citing a rise in raw materials costs.
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Electrolux earnings fall below expectations
Business & Money: 2 Feb 11
Fourth quarter results for Swedish white goods manufacturer Electrolux failed to meet expectations, as the rising cost of raw materials put additional cost pressure on the company.
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Electrolux closes Canada plant, cuts 1,300 jobs
Business & Money: 15 Dec 10
Swedish household appliance maker Electrolux announced on Tuesday that it will close an appliance manufacturing plant in Canada, cutting about 1,300 jobs.
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Ericsson chairman announces resignation
Business & Money: 6 Dec 10
Ericsson chairman Michael Treschow informed the Swedish telecommunications firm on Monday that he will resign from his post next year or in 2012, according to a company statement.
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Outrage over 'US-style' pay for Electrolux CEO
Business & Money: 26 Nov 10
Union representatives for workers at Swedish appliance manufacturer Electrolux have railed against the generous pay package for incoming American CEO Keith McLoughlin.
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Foreign firms look to locate in Stockholm
Society: 21 Nov 10
An increasing number of foreign companies are deciding to locate their regional headquarters in Stockholm, according to a recent study.
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Electrolux CEO upbeat despite profits fall
Business & Money: 27 Oct 10
Outgoing CEO Hans Stråberg was upbeat as Swedish home appliance maker Electrolux reported a 15 percent slump in third quarter profits on Wednesday, arguing that operating margins indicated a brighter future of the firm.
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Electrolux announces a change at the top
Business & Money: 23 Sep 10
Sweden's Electrolux, the world's second-largest home appliance manufacturer, has announced that Keith McLoughlin will succeed outgoing Hans Stråberg as the company's new president and CEO.
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Electrolux posts record second-quarter profit
Business & Money: 19 Jul 10
Electrolux, the world's second-largest maker of household electrical equipment, reported a record 56-percent rise in net profit for the second quarter on Monday.
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Debt and Korea cause Stockholm market fall
Business & Money: 25 May 10
Increasing concern about the European debt crisis and renewed tensions between North and South Korea caused share prices in Stockholm to fall sharply on Tuesday.
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30 Swedish firms in Forbes Global 2000
Business & Money: 12 May 10
Forbes Magazine has included 30 Swedish companies on its list of the world's most successful major companies, including Nordea Bank, ABB and H&M.
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Electrolux posts upbeat forecast
Business & Money: 27 Apr 10
Swedish white goods firm Electrolux on Tuesday exceeded analyst profit forecasts for the first quarter of 2010 and projected a positive year as key markets begin to recover.
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Electrolux makes bid for Daewoo
Business & Money: 25 Mar 10
Swedish white goods firm Electrolux has lodged a bid to takeover South Korea's Daewoo Electronics, a spokesperson for the firm said on Thursday.
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UK mag announces Sweden's 'most trusted brands'
Business & Money: 24 Feb 10
Reader's Digest, a UK consumer magazine, has presented its survey listing Sweden's most trusted brands in a raft of categories.
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Electrolux stock falls on gloomy forecast
Business & Money: 3 Feb 10
Swedish appliances firm Electrolux reported solid 2009 profits on Wednesday. But a weak forecast pushed the company's stock into a nosedive.
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How a Swedish town turned itself around
Analysis & Opinion: 4 Dec 09
Sponsored article: When a town in southern Sweden faced losing its biggest employer, it could have been a disaster. But for Västervik, the closure gave a kickstart to the town's entrepreneurial spirit.
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Electrolux profits in high speed spin
Business & Money: 26 Oct 09
Swedish white goods maker Electrolux beat market expectations with strong profits announced on Monday. But the firm also said it would close two plants in Iowa as part of its cost-cutting scheme.
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Electrolux phases out production home and abroad
Business & Money: 24 Oct 09
Swedish appliance maker Electrolux is considering plans to phase out production at one of its factories in Motala in central Sweden. The company has also announced the closure of a plant in Spain which employs 450 people.
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Profits up at Sweden's Investor
Business & Money: 13 Oct 09
Swedish investment group Investor turned a profit in the third quarter, the company reported on Tuesday, capitalizing on global financial markets’ decreased volatility.
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Foreign investors thrive on the Stockholm exchange: report
Business & Money: 31 Jul 09
The Stockholm stock exchange has retained its allure among foreign investors who now own 35 percent of its total value on the back of strong gains, according to new figures.
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Investor sees profits bounce back
Business & Money: 14 Jul 09
Despite strong second-quarter profits at Investor, the CEO of the Swedish holding company said Tuesday he doesn’t expect the global economy to rebound quickly.
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Electrolux results better than expected despite loss
Business & Money: 22 Apr 09
Swedish white goods maker Electrolux announced further losses on Wednesday, adding it saw little chance of improvement in the foreseeable future.
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Uproar over rumoured NY consulate closure
Society: 22 Apr 09
Reports that Sweden plans to close down its consulate-general in New York City have sparked an outpouring of concern from business leaders and New York-based Swedes.
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Sweden's Investor cuts losses
Business & Money: 15 Apr 09
Swedish holding company Investor reported net losses of 3.02 billion kronor ($368 million) for the first quarter on Wednesday. The firm's CEO forecast continued economic turbulence in 2009.
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Investor boss gets big pay packet
Business & Money: 9 Mar 09
The chief executive of Investor, the holding company of the Wallenberg family, received a pay packet worth 15.4 million kronor for 2008, despite the company posting a loss of 37 billion kronor.
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Electrolux profits down on fourth quarter losses
Business & Money: 4 Feb 09
Appliance maker Electrolux on Wednesday reported net fourth quarter losses of 474 million kronor ($57 million) due to weak demand and downsizing costs.
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Investor posts 36 billion kronor loss for 2008
Business & Money: 20 Jan 09
The Wallenberg industrial holding company Investor reported huge losses for 2008 on Monday, despite a reduction in fourth quarter losses.
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Electrolux slashes 3,000 jobs globally
Business & Money: 15 Dec 08
Swedish white goods maker Electrolux said on Monday it plans on cutting 3,000 jobs worldwide, adding that declining demand would likely result in the company failing to meet operating profit targets for 2008.
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Electrolux posts upbeat report
Business & Money: 27 Oct 08
Swedish white goods giant Electrolux posted a third quarter report on Monday that surpassed analysts' profit expectations.
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Trading off to shaky start
Business & Money: 27 Oct 08
The Stockholm stock exchange saw a turbulent opening to the new week on Monday with stocks down 5 percent after just 15 minutes of trading.
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Colombian flower power reaches Sweden
Analysis & Opinion: 2 Sep 08
Contrary to popular misconceptions, Columbian isn't all about Scarface, FARC and kidnapping, writes David Bartal.
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Electrolux profits recover in second quarter
Business & Money: 17 Jul 08
Electrolux, the world's leading electric appliance maker, said on Thursday it had bounced back to profit in the second quarter.
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Electrolux posts first quarter loss
Business & Money: 28 Apr 08
Electrolux reported a first quarter loss on Monday, weighed down by weak markets, costly product launches and restructuring.
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Electrolux posts first quarter loss
Business & Money: 28 Apr 08
Electrolux reported a first quarter loss on Monday, weighed down by weak markets, costly product launches and restructuring.
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Strong finish for Stockholm stock exchange
Business & Money: 18 Apr 08
The Stockholm stock exchange finished the trading week higher with TeliaSonera and bank stocks leading the way.
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Weak first quarter for Electrolux
Business & Money: 1 Apr 08
Electrolux warned investors on Tuesday that first quarter income at the Swedish white goods manufacturer would be “very weak”.
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Electrolux to shed 400 jobs
Business & Money: 6 Feb 08
White goods giant Electrolux has said it plans to shed 400 jobs across Europe.
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What future for Swedish research?
Analysis & Opinion: 15 Jan 08
Half of Swedish R&D investment comes from 20 companies. This poses risks for the future, says Nima Sanandaji.
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Stockholm market falls after bad US figures
Business & Money: 4 Jan 08
Worries about the US economy sent Stockholm's OMXS index tumbling on Friday, leaving it 5.6 percent down since the start of the year.
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Stockholm shares down sharply
Business & Money: 19 Nov 07
Credit market concerns lead to a fall on Stockholm's OMXS index and on markets around Europe.
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A delux treat for the hostess with the mostess
Lifestyle: 16 Nov 07
Tipping Point: As Christmas nears, Kathleen Harman feels under pressure to be the perfect hostess. A trip to a Michelin-starred restaurant in Stockholm was a good way to get some tips.
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Market down slightly after turbulent day
Business & Money: 26 Oct 07
The Stockholm Stock Exchange closed down slightly on the week after a turbulent day of trading on Friday. TeliaSonera pleased investors with third quarter profits beating expectations, but engineering company Sandvik proved a disappointment.
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The Swedish E-Vikings are back
Analysis & Opinion: 23 Oct 07
New Swedish companies are bursting with ideas in IT and biotech. It's time for international investors to sit up and take notice, says leading entrepreneur Johan Staël von Holstein.
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Swedish bourse fall wipes out year's gains
Business & Money: 22 Oct 07
The Stockholm stock exchange continued its recent slide when trading began on Monday morning. The latest fall wiped out the last vestiges of the year's gains.
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Strong quarter for Electrolux but concerns over US market
Business & Money: 22 Oct 07
Electrolux, the world's leading electrical appliance maker, posted Monday a 73 percent rise in third quarter net profit to 762 million kronor ($119 million), but said its full-year result could be hit by a weakening US market.
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'Muhammad cartoon not racial agitation'
Politics: 20 Sep 07
A cartoon depicting Prophet Muhammad as a dog, published in a local Swedish newspaper in August, did not constitute incitement to racial hatred, Sweden's justice chancellor ruled on Thursday.
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Algerian ambassador condemns bounty on Muhammad cartoonist
Politics: 18 Sep 07
Algeria's ambassador to Sweden on Monday condemned death threats from al-Qaeda in Iraq against a Swedish artist who drew a cartoon of Prophet Muhammad and a newspaper editor who published it.
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Media and Prime Minister rally around cartoonist
National: 16 Sep 07
The Swedish media and Prime Minister rallied Sunday behind a cartoonist whose depiction of the Islamic prophet as a dog earned him death threats from Al-Qaeda in Iraq, as Swedish companies braced for a backlash.
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Ericsson takes down flags in Middle East
National: 16 Sep 07
Telecoms giant Ericsson has taken steps to reduce its visibility in the Middle East following Saturday's threat by al-Qaeda in Iraq to target major Swedish companies.
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Al-Qaeda puts bounties on heads of Swedes
National: 15 Sep 07
The purported leader of Al-Qaeda in Iraq has called for the murder of artist Lars Vilks and newspaper editor Ulf Johansson. The organization also threatened to target "Ericsson, Scania, Volvo, IKEA and Electrolux" unless an apology is forthcoming.
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Stockholm share slump continues
Business & Money: 10 Aug 07
Share prices on the Stockholm stock exchange continued to slide when trading started on Friday morning. By lunchtime the OMX index had fallen 3.65 percent.
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Sales up but earnings down for Electrolux
Business & Money: 17 Jul 07
Electrolux, the world's leading electrical appliance maker, reported a 53.2 percent fall in second quarter net earnings. But the company pleased the market with higher-than-expected sales.
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Six Swedish firms in Fortune 500
Business & Money: 12 Jul 07
Six Swedish companies have made it onto the annual list of the world's 500 most successful businesses published by Fortune magazine. The highest-ranked Swedish firm is Volvo, while Electrolux brings up the yellow-and-blue rear.
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Reinfeldt presses Chinese leader on human rights
National: 10 Jun 07
Swedish Prime Minister Fredrik Reinfeldt has pressed Chinese President Hu Jintao on his country's human rights record, during the final day of a three-day Chinese state visit in Sweden.
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Companies threaten to sever ties with SAS
Business & Money: 23 May 07
Electrolux and Ericsson are both threatening to take their business elsewhere unless SAS can ward off a cabin crew strike expected to begin this Friday.
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Two more insider trading suspects detained
Business & Money: 11 May 07
Stockholm District Court has ordered the detention of two further suspects in Sweden's ongoing insider trading scandal. Both were absent from Friday morning's detention proceedings.
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Electrolux reports mixed earnings news
Business & Money: 26 Apr 07
Electrolux, the world's biggest household appliances maker, reported mixed first quarter earnings news on Thursday, as a restructuring plan begins to bite.
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Electrolux employee admits to insider trading
National: 25 Apr 07
An employee at Electrolux has confessed to leaking information about the company's finances to one of the main suspects in the current insider trading affair.
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Nordea employee to remain in custody
National: 19 Apr 07
Stockholm District Court ruled on Thursday to hold an employee of Nordea in custody. the 35-year-old man is one of two main suspects in an ongoing investigation into insider trading.
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Schyman storms Investor meeting
Politics: 27 Mar 07
Sweden's best-known feminist, Gudrun Schyman, has started her campaign to get more women appointed to company boards. First stop was the annual general meeting of the Wallenberg family's Investor.
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Electrolux profits more than double
Business & Money: 14 Feb 07
Strong sales and a successful restructuring plan have led to profits at the world's biggest household appliances maker more than doubling in 2006. Profits stood at 3.84 billion kronor.
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Wallenberg takes over at Electrolux
Business & Money: 13 Feb 07
Marcus Wallenberg, scion of Sweden's most powerful business dynasty, has been named chairman of electrical giant Electrolux. The appointment seals his position as one of the top names in Swedish industry.
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Swedish companies develop a conscience
Business & Money: 1 Feb 07
Swedish multinationals are becoming ever more aware of their human rights responsibilities abroad, according to a new report by Amnesty International.
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Introducing...the Wallenbergs
Lifestyle: 15 Jan 07
While the Social Democrats controlled the Swedish state for much of the past century, it was the Wallenbergs who controlled the country's business life. And now the family has let the TV cameras in.
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Treschow confirmed as Unilever chairman
Business & Money: 12 Jan 07
Swedish businessman Michael Treschow has been appointed chairman of Anglo-Dutch consumer giant Unilever, in a widely expected move.
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Michael Treschow to leave Electrolux
Business & Money: 19 Dec 06
Michael Treschow will not stand for re-election as Chairman of the Board of Directors of Electrolux. Indications suggest that Unilever is next in line for the controversial business leader.
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Finance minister: Swedish bosses overpaid
Politics: 18 Dec 06
Sweden's finance minister Anders Borg has put himself at odds with leading industrialist Michael Treschow, by saying that Swedish executives are overpaid. Treschow thinks bosses should get more.
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Treschow tipped for Unilever top job
Business & Money: 17 Dec 06
Ericsson chairman Michael Treschow is set to be made head of Anglo-Dutch consumer giant Unilever, it has been reported in the UK.
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Swedish top bosses 'are underpaid'
Business & Money: 13 Dec 06
Top Swedish bosses are not paid enough, making it hard to recruit top talent, one of Sweden's most powerful businessmen has said. But unions should be cautious in pay demands for workers, Michael Treschow added.
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Electrolux welcomes rising profits
Business & Money: 25 Oct 06
Electrolux, the world's biggest producer of household appliances, reported a rise in net profit in the third quarter, but forecast subdued growth in Europe and North America for the year as a whole.
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Scania shares soar over bid rumours
Business & Money: 13 Sep 06
Swedish truck manufacturer Scania said on Tuesday that it believes German rival MAN plans to launch a takeover bid. The company's shares rose sharply on Wednesday morning.
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Electrolux profits below expectations
Business & Money: 18 Jul 06
Swedish home appliance giant Electrolux posted a 25 percent second quarter profit increase on Tuesday, missing expectations, but its outlook for 2006 was the same.
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Investor companies worth less
Business & Money: 11 Jul 06
The value of the investments Wallenberg family holding company Investor is down on the end of the last quarter, but still up compared to their value at the beginning of the year.
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Hungary receives Gripen jets
Business & Money: 30 Mar 06
Hungary took delivery of their first five, out of a total of 14, JAS 39 Gripen fighter planes on Thursday. The planes were formally handed over by defence minister, Leni Björklund.
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Globalisation to hit Swedish women
Society: 5 Mar 06
Men in Sweden have so far been the losers as industrial jobs move to cheaper countries. But as the service sector sees the possibility of cost savings, globalisation is soon about to affect Swedish women.
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New board members for Ericsson
Business & Money: 2 Mar 06
The nomination of Börje Ekholm, chief executive of the Wallenberg family's Investor, to the board of Ericsson is accompanied by the promotion of Marcus Wallenberg to the post of vice chairman.
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Electrolux profits slide after restructuring
Business & Money: 14 Feb 06
Electrolux, the world's biggest producer of appliances for kitchen, cleaning and outdoor use, has reported a near halving of net profit owing to heavy restructuring costs.
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Electrolux threatens Nuremburg closure
Business & Money: 13 Feb 06
Swedish electrical appliances giant Electrolux says it might shut down the Nuremberg factory of its German arm AEG before the end of next year in reaction to an indefinite strike being staged there.
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Electrolux "could close Torsvik factory"
Business & Money: 12 Dec 05
Swedish white goods maker Electrolux has announced that it might close its factory in Torsvik, southern Sweden, with the loss of 190 jobs. The company also confirmed it was closing its factory in Nuremberg, Germany.
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Electrolux lays off 150 at Sweden factory
Business & Money: 4 Oct 05
Swedish white goods maker Electrolux announces the loss of 150 jobs at its factory in Mariestad. Unwelcome news, say unions, but we had been expecting worse.
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Electrolux profits fall
Business & Money: 19 Jul 05
Swedish home appliances maker Electrolux saw profts fall in the second quarter despite an increase in sales, as raw material and component prices rose.
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Electrolux plans cuts at four factories
Business & Money: 12 Jul 05
After its first quarter net earnings fall by over 27%, Swedish appliance maker Electrolux says it could close or scale back operations this year at four European factories.
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Electrolux denies "billion euro" outsourcing rumours
Business & Money: 8 Jul 05
Despite juicy rumours in the Financial Times, Electrolux AB says it definitely will not award India's Videocon a massive outsourcing deal in Sweden next week.
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High steel prices push Electrolux down in first quarter
Business & Money: 20 Apr 05
Swedish electrical appliance maker Electrolux reported on Wednesday a 27.6% plunge in net profit in the first quarter amid rising prices for raw materials, in particular steel.
READ »
AMS head requests extra funds
Smörgåsbord: 3 Mar 05
READ »
Electrolux to be split up
Smörgåsbord: 22 Feb 05
READ »
Swedish companies target Poland
Smörgåsbord: 2 Feb 05
READ »
Swiss officials investigate bribes at Ericsson
Smörgåsbord: 25 Nov 04
READ »
Swedish unemployment rises
Smörgåsbord: 12 Nov 04
READ »
Hungary for Swedish business
Business & Money: 30 Jul 04
Despite another high-profile declaration that Sweden is "the best country in the world", the country's big employers are moving out - to Eastern Europe.
READ »
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