Weak surface to a difficult year

February 2, 2023

STOCKHOLM, Feb. 2, 2023/ PRNewswire/–

Emphasizes of the full-year of 2022

  • In full-year 2022, web sales were SEK 134,880 m (125,631) as well as running earnings excl. non-recurring products was SEK 831m (7,528). Incomes decreased because of reduced quantities, as an outcome of weak market need, as well as to raised expense degrees from manufacturing ineffectiveness in The United States And Canada Solid rate implementation as well as appealing item as well as brand name offering added favorably to profits.

Emphasizes of the 4th quarter of 2022

  • In the 4th quarter, web sales totaled up to SEK 35,769 m (35,372) as well as running earnings to SEK -1,964 m (882 ), representing a margin of -5.5% (2.5 ).

  • Operating earnings consists of non-recurring products of SEK -1,352 m (-727 ). Omitting these non-recurring products, running earnings totaled up to SEK -612 m (1,609), representing a margin of -1.7% (4.5 ). The year-over-year decrease was an outcome of reduced quantities in all 4 company locations as well as substantially greater expense degrees in Company Location The United States And Canada, which reported a hidden loss of SEK 1.2 bn

  • Revenue through totaled up to SEK -1,922 m (596) as well as profits per share were SEK -7.12 (2.09 ).

  • Operating capital after financial investments was SEK 242m (2,103).

  • The Board of Supervisors suggests that no repayment of reward will certainly be produced 2022.

  • Choice on February 1, 2023, to terminate manufacturing at the Nyíregyháza manufacturing facility in Hungary initially of 2024 will certainly cause an adverse non-recurring thing of about SEK 550m in the very first quarter of 2023.

Head Of State as well as Chief Executive Officer Jonas Samuelson’s remark

In 2022, brand-new difficulties provided themselves along with provide chain restrictions: high basic rising cost of living, elevated rate of interest, rising power costs, as well as enhanced geopolitical stress. These adversely influenced customer need for home home appliances, specifically obvious in the last component of the year.

In the 4th quarter, substantially reduced sales quantities led to a natural sales decrease of 8.4%. The quantity decrease throughout all areas was combined with drastically raised expense degrees in our North American procedure. This led to an operating loss for the Team of SEK 612m, omitting non-recurring products. We have strong strategies in position to structurally reduce prices under the Group-wide expense decrease as well as The United States And Canada turn-around program as well as in the quarter we remained to minimize optional costs. A solid concentrate on stock monitoring as well as adjusting manufacturing prices to the existing need setting led to a general stock decrease from formerly high degrees, specifically of in-house created ended up items that at the end of the year went to total regular degrees.

On a favorable note, I am pleased with exactly how well gotten our item releases throughout all areas have actually been throughout 2022. This was specifically obvious in the 4th quarter with the solid profits payment from our appealing item offering, also in this tough need setting with lowered customer acquiring power. This reinforces my self-confidence in our capability to drive mix enhancement additionally moving forward, with an ordinary customer celebrity ranking of 4.64 for the Team in 2022. One more success was the solid web rate understanding throughout all areas, in spite of marketing task going back to regular degrees in the direction of completion of 2022. I am extremely happy that we via rate rises totally counter considerable expense rising cost of living, largely in resources as well as logistics, both in the full-year in addition to in the quarter.

It is urging that we have actually lowered our environment impact substantially as well as currently in 2022 got to the 2025 science-based environment target to minimize carbon dioxide discharges in our very own procedures by 80% contrasted to 2015. We are currently evaluating our targets moving forward, elevating bench on our very own sustainability schedule also better.

Based upon our testimonial of manufacturing ability requires, we have actually determined to terminate manufacturing at the Nyíregyháza manufacturing facility in Hungary initially of 2024. The critical instructions is to maximize the refrigeration manufacturing impact from an expense viewpoint via both outsourcing as well as very own manufacturing leveraging Team range.

Checking Into 2023, customer view is expected to remain to be adversely influenced by a high rising cost of living as well as rate of interest setting, although with local distinctions. Need for core home appliances in 2023 full-year is for that reason anticipated to be adverse for all areas with the exception of the Asia-Pacific, Center East as well as Africa area, which is analyzed to be level contrasted to 2022.

On the back of this, we approximate our quantities in 2023 to decrease year-over-year, partially minimized by mix enhancements from our solid offering. We anticipate Outside aspects to be adverse for the year, driven by power as well as labor expense rising cost of living in addition to money headwind as well as a lot of this will certainly affect Europe as well as Latin America Although we predict gain from reduced resources prices, the favorable effect on profits is lowered as a greater share than regular of resources acquired finally year’s prices will certainly be eaten in 2023. This therefore of greater stock degrees of materials as well as lowered manufacturing price in the 4th quarter of 2022. Provided the local variants in expense rising cost of living as well as need overview, we prepare for distinctions in the rate dynamic for our company locations, with high marketing task in The United States And Canada Thus, we see an obstacle to totally counter an awaited adverse influence from Outside consider 2023 full-year with rate on a Team degree. The anticipated favorable year-over-year profits payment of SEK 4 -5 bn from Price performance as well as lowered financial investments in technology as well as advertising integrated, associated with the Group-wide expense decrease as well as The United States And Canada turn-around program, is reconfirmed.

I am persuaded that we have the ideal technique in addition to the experience as well as the business framework required to browse in unpredictable setting as well as take chances. An effective execution of the Group-wide expense decrease as well as The United States And Canada turn-around program will certainly be our leading concern for 2023.

Telephone seminar 09.00 CET

A telephone seminar is held at 09.00 CET today, February 2 Jonas Samuelson, Head Of State as well as Chief Executive Officer as well as Therese Friberg, CFO will certainly discuss the record.

To just pay attention to the telephone seminar, make use of the web link:



To both pay attention to the telephone seminar as well as ask inquiries, make use of the web link:


Discussion product offered for download


This is details that abdominal Electrolux is required to reveal according to the EU Market Misuse Law. The details was sent for magazine, via the company of the get in touch with individual laid out over, on 02-02-2023 08:00 CET

For more details, please get in touch with:
Sophie Arnius, Financier Relations, +46 70 590 80 72
Electrolux Press Hotline, +46 8 657 65 07

The complying with documents are offered for download:

Resource Electrolux

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