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Top related persons:
Giulio Piovaccari STOCKHOLM - 1 Jonas Samuelson - 1 Electrolux - 1 Anna Ringstrom - 1 Louise Breusch Rasmussen - 1 David Evans - 1
Top related locs:
Pordenone Italy Swedish Europe
Top related orgs:
REUTERS - 1 Europe's - 1 Thomson - 1

Search resuls for: "Jonas Samuelson"


2 mentions found


☆ Electrolux swings to loss as shoppers shift to cheaper appliances
  + stars: | 2023-07-20 | by ( ) www.reuters.com   time to read: +1 min
[1/2] Interiors of Electrolux R&D facility are pictured at their plant in Pordenone, Italy, March 27, 2019. REUTERS/ Giulio PiovaccariSTOCKHOLM, July 20 (Reuters) - Electrolux (ELUXb.ST), Europe's biggest home appliances maker, swung to a loss in the second quarter as cash-strapped shoppers opted for cheaper products and demand from residential property builders slowed. The Swedish group said organic sales fell 8% as sales volumes shrank significantly due to continued weak demand. "Lower residential construction and remodeling activity caused significantly weaker demand within the built-in kitchen category, mainly impacting us in Europe," he said. It reported a second-quarter operating loss of 124 million crowns ($12.1 million) against a year-earlier profit of 560 million.
Persons: Giulio Piovaccari STOCKHOLM, Jonas Samuelson, Electrolux, Anna Ringstrom, Louise Breusch Rasmussen, David Evans Organizations: REUTERS, Europe's, Thomson Locations: Pordenone, Italy, Swedish, Europe
☆ Electrolux expects further demand decline as slips to loss
  + stars: | 2022-10-28 | by ( Anna Ringstrom | ) www.reuters.com   time to read: +2 min
"Market demand in both Europe and North America for the full-year of 2023 is expected to further deteriorate, i.e. Electrolux (ELUXb.ST) in September warned profit would drop as high inflation and low consumer confidence squeezed demand and large investments in North America had yet to pay off. Samuelson told analysts and media in a call that the group had massive inefficiencies in supply chain and production in North America in the quarter. Samuelson said most of the charge related to trimming staff at Electrolux, which had 52,000 employees at the end of 2021. The North America division reported a loss of 1.2 billion crowns.
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