Strategy & Goals
Mission and Strategy
Our strategy focuses on four pillars, built on a foundation of operational excellence to improve sales, productivity and cost efficiency in the supply chain.
GROW through innovation and sustainable solutions
Our market is characterized by the heavy use of machines, and a large replacement business. We want to set the pace of industry innovation in sustainability and energy efficiency, underpinned by a connected and digital platform.
BOOST Customer Care and service-as-a-solution offering
We will further develop our global service network and competence as a full-service provider while increasing sales of spare parts, accessories, consumables, and service.
EXPAND in high-margin products, segments, and geographies
We will grow sales organically in laundry and in restaurant chains, supported by potential M&A. Electrolux Professional Group aims to accelerate growth through selective acquisition targets that clearly align with our strategic road-map.
INVEST in digitalization to unlock additional customer value
We will accelerate the digitalization of our company and our products. These digital advancements enable us to help customers improve their processes and effectiveness.
CEO Comment
Interim Report Q1 2024
“Comparable profit increased”
Operating cash flow after investments improved and amounted to SEK 183m (87). During the quarter, we acquired TOSEI for SEK 1,620m. In March we launched a medium-term note programme in Sweden with a framework of SEK 5bn, and issued our first bonds in an amount of SEK 900m. The market response was very positive.
Acquisitions
Electrolux Professional Group aim to accelerate growth through selective add-on acquisitions that clearly align with the company’s strategic road-map.
