Business Description

Electrolux AB, a Sweden-based company, is principally involved in manufacturing home appliances and appliances for professionals. The company’s products can be classified into laundry products and small appliances. Professional kitchen products account for over half of the total revenue. AEG, Electrolux, and Frigidaire are the company’s brands. The company is present in North America, Europe, and Latin America. It also has operations in Asia and Africa.

Key Financials

Revenue (US$ Mn)

• US$ 12,207 Mn was the annual revenue generated by Electrolux AB in 2021
• Electrolux AB’s annual revenue for 2020 was US$ 14,156 Mn, an 11.02% increase from 2019
• From 2018’s annual revenues, Electrolux AB registered a -7.68% decrease in 2019, amounting to US$ 12,751 Mn
• Total revenue of US$ 13,812 Mn was generated in 2018 by Electrolux AB

Operating Income (US$ Mn)

• Electrolux AB’s operating income for 2021 was US$ 661 Mn, a -11.39% decrease from 2020
• The operating income generated by Electrolux AB in 2020 was US$ 746 Mn
• At a -33.06% decrease from , Electrolux AB’s operating income of US$ 379 Mn was indexed in 2019
• Electrolux AB generated an operating income of US$ 566 Mn in 2018

Net Income (US$ Mn)

• US$ 455 Mn was the net income generated by Electrolux AB in 2021
• Electrolux AB’s net income for 2020 was US$ 804 Mn, a 199% increase from 2019
• From 2018’s net incomes, Electrolux AB registered a -36.5% decrease in 2019, amounting to US$ 269 Mn
• A net income of US$ 423 Mn was generated in 2018 by Electrolux AB

Operating Margin %

• Electrolux AB’s operating margin for 2021 was 5%, a 1.89% increase from 2020
• The operating margin generated by Electrolux AB in 2020 was 5%
• At a -26.83% decrease from , Electrolux AB’s operating margin of 3% was indexed in 2019
• Electrolux AB generated an operating margin of 4% in 2018

Gross Margin %

• Electrolux AB’s gross margin for 2021 was 18%, a -6.25% decrease from 2020
• The gross margin generated by Electrolux AB in 2020 was 19%
• At a -11.23% decrease from , Electrolux AB’s gross margin of 17% was indexed in 2019
• Electrolux AB generated a gross margin of 19% in 2018

SWOT Analysis

Strengths

Wide and diversified geographic presence

Electrolux is present in many different countries. Electrolux has products sold in over 150 countries around the globe. Electrolux has 50 manufacturing plants in 58 countries on five continents: Europe, North America, Asia-Pacific, Latin America, and Europe. The company’s revenue streams are diverse. Electrolux’s largest geographic market was the US. In FY2018, it accounted for 30% of its revenues.

Next came Brazil (9.7%), Germany (5.2%), Sweden (4.7%), Australia (3.9%), Italy (3.8%), France (3.5%), Italy (3.8%), France (3.8%), France (3.8%), Italy (3.8%), France (3.8%), the UK (3.3%), Switzerland (2.2%), Canada (2.4%), and other countries (29.9%). Because the company is present in every country, it can withstand any downturn in any market. The company also benefits from a wide and diverse geographic presence, which allows it to reduce costs through economies of scale.

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