Electrolux Group publishes restated figures for the new business area structure

STOCKHOLM, March 19, 2024 /PRNewswire/ -- As previously announced, Electrolux Group has reorganized into three regional business areas as of 1 January 2024. To enable comparisons with future financial reporting, restated historical figures for the combined business area Europe, Asia-Pacific, Middle East and Africa, per quarter and full year for 2022 and 2023, are provided.

As announced on October 27, 2023, the two business areas Europe and Asia-Pacific, Middle East and Africa have been combined into one business area. The other two business areas, North America and Latin America, remain. The new structure will leverage the Group's global scale with fewer layers, resulting in increased focus and reduced costs.

From the interim report for the first quarter of 2024, Electrolux Group will be reporting in accordance with the new business area structure.

The appendix to this press release contains selected restated figures by business area, by quarter and for full year 2022 and 2023.

    --  Selected restated figures by business area, quarterly and full year 2022
        and 2023 (pdf).
    --  Selected restated figures by business area, quarterly and full year 2022
        and 2023 (excel).

The restated financial information can also be found on the Group's website: https://www.electroluxgroup.com/restated-figures-2022-and-2023/

The restated financial information has not been audited.

For more information:

Maria Akerhielm, Investor Relations, +46 70 796 3856
Electrolux Group Press Hotline, +46 8 657 65 07

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/electrolux-group/r/electrolux-group-publishes-restated-figures-for-the-new-business-area-structure,c3947770

The following files are available for download:

     
     https://mb.cision.com/Main/1853/3947770/2676866.pdf             240319 PRM Restated figures new
                                                                         structure ENG



     
     https://mb.cision.com/Public/1853/3947770/8b493e96dacdcfef.xlsx Restated figures Electrolux new BA
                                                                         2022-2023

View original content:https://www.prnewswire.com/news-releases/electrolux-group-publishes-restated-figures-for-the-new-business-area-structure-302092555.html

SOURCE Electrolux Group