Electrolux

Electrolux is a Swedish multinational home appliance manufacturer founded in 1919 by Axel Wenner-Gren, headquartered in Stockholm, Sweden. Under CEO Yannick Fierling, Electrolux trades on NASDAQ (ELUXY) and is the world's second-largest home appliance manufacturer by units sold. The company reported 2025 net sales of SEK 131.282 billion and operating income of SEK 3.657 billion, with Q4 2025 net sales of SEK 35.112 billion and operating income of SEK 1.517 billion, serving global markets through brands like Frigidaire, AEG, and Zanussi.

Electrolux was founded in 1919 in Stockholm, Sweden by Axel Wenner-Gren, who merged his vacuum cleaner company with Lux AB to create Electrolux. The company's early success was built on innovative vacuum cleaners, which Wenner-Gren sold door-to-door across Europe and North America.

Electrolux expanded into refrigerators in the 1920s and became one of Europe's leading appliance manufacturers through the mid-20th century. The company pursued an aggressive international expansion strategy through acquisitions.

In 1986, Electrolux made its most significant acquisition, purchasing White Consolidated Industries, a major US appliance manufacturer, for approximately $470 million. The acquisition gave Electrolux the Frigidaire brand and a major manufacturing presence in North America.

Electrolux acquired AEG Hausgeraete (the appliance division of AEG) in 1994, adding the AEG brand and manufacturing facilities in Germany. The company also acquired Zanussi in 1984, adding an Italian appliance manufacturer with strong European distribution.

In 2014, Electrolux announced the acquisition of General Electric's appliance division for approximately $3.3 billion. However, the US Department of Justice filed suit to block the acquisition on antitrust grounds, and Electrolux abandoned the deal in 2015.

Electrolux spun off its professional appliances division as Electrolux Professional AB in March 2020, listing it as an independent company on the Stockholm Stock Exchange. The spin-off allowed Electrolux to focus on its consumer appliances business.

For full-year 2025, Electrolux reported net sales of SEK 131.3 billion and operating income of SEK 3.7 billion. The company has been navigating a challenging environment of cost inflation, weak consumer demand in Europe, and competitive pressure from Chinese appliance manufacturers.