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Bulletin from AB Electrolux Annual General Meeting March 25, 2021
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Electrolux publishes 2020 Annual Report
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Notice convening the Annual General Meeting of AB Electrolux
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STOCKHOLM, Feb. 15, 2021 /PRNewswire/
The shareholders of AB Electrolux, reg. no. 556009-4178, are hereby given notice of the Annual General Meeting to be held on Thursday, March 25, 2021.
Due to the coronavirus, the Board of Directors has decided that the Annual General Meeting should be conducted without the physical presence of shareholders, representatives or third parties and that the shareholders before the meeting should be able to exercise their voting rights only by post. Information on the resolutions passed at the meeting will be disclosed on March 25, 2021, as soon as the outcome of the postal voting has been finally confirmed.
Electrolux Q4 2020 Interim report: Innovation and consumer demand drive strong results
Highlights of the fourth quarter of 2020
Net sales amounted to SEK 33,902m (32,011). Organic sales increased by 17.5%, benefitting from continued high levels of home-improvement spending as well as positive mix and price development.
Operating income amounted to SEK 2,498m (960), corresponding to a margin of 7.4% (3.0). Higher prices and innovative high-margin products were key drivers.
Strong sales and earnings across all business areas.
Income for the period amounted to SEK 1,860m (366) and earnings per share was SEK 6.47 (1.27).
Operating cash flow after investments was SEK 5,364m (2,823).
The Board proposes a dividend for 2020 of SEK 8.00 (7.00) per share, to be paid in two equal installments.
Invitation to Electrolux Q4 presentation
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STOCKHOLM, Jan. 12, 2021 /PRNewswire/
Electrolux results for the fourth quarter of 2020 will be published on February 2, 2021, at approximately 08.00 CET.
A telephone conference will be held following the release of the results, starting at 09.00 CET. Jonas Samuelson, President and CEO and Therese Friberg, CFO will comment on the report.
Slides used in the presentation will be available at Electrolux website, www.electroluxgroup.com/ir. The fourth quarter report will also be available at the same address.
You can listen to the presentation here.
The details for participation by telephone are as follows:
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