Electrolux hosts Capital Markets Day 2012
STOCKHOLM--(BUSINESS WIRE)-- Regulatory News:
Together with senior management, the President and CEO of Electrolux (STO:ELUXA) (STO:ELUXB), Keith McLoughlin will present the Group's strategy to create further sustainable economic value at today's capital markets day.
The presentations will demonstrate that the core strategy of Electrolux remains unchanged. Sustainable economic value will be created by capitalizing on profitable growth opportunities and speeding up product innovation. The Group will continue to improve operational excellence by adapting manufacturing capacity, eliminating overhead costs and capitalizing on its global strength and scope.
In addition to presenting the pillars of the Electrolux strategy, management will give a brief overview of the current business environment and how it could drive the Group's performance in 2013, which is consistent with what previously has been communicated. Cost savings in 2013 are expected to be greater than SEK 1 billion, compared to 2012. The raw-material headwinds experienced in previous years are expected to turn into tailwinds. Although the demand situation in Europe remains uncertain, Electrolux as a Group expects another year of positive organic sales growth. The majority of the growth is expected to derive from emerging markets and a positive price/mix development, supported by product launches. In 2013, Electrolux will continue to step up its investments in product development, design and marketing to support future product launches.
In the afternoon, workshops will be held covering Electrolux brand architecture and new products in Europe, the thinking behind the new Electrolux Grand Cuisine ultra-luxury cooking system and how close cooperation between the Group's product development, marketing and design functions is driving innovations within the "Electrolux Innovation Triangle".
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 makes thoughtfully designed, innovative solutions based on extensive consumer research, meeting the desires of today's consumers and professionals. Electrolux products include refrigerators, dishwashers, washing machines, cookers, air conditioners and small appliances such as vacuum cleaners, all sold under esteemed brands like Electrolux, AEG, Eureka and Frigidaire. In 2011 Electrolux had sales of SEK 102 billion and 58,000 employees. For more information go to www.electrolux.com/press and www.electrolux.com/news.
Electrolux may be required to disclose the information provided herein pursuant to the Securities Market Act. The information was submitted for publication at 08.00 CET on November 14, 2012.
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KEYWORDS: Europe Sweden
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