Strategy
The Electrolux strategy remains consistent. Through profitable growth,
innovative products, strong brands, operational excellence and dedicated
employees, the Group will achieve its vision to be the best appliance
company in the world.
Profitable growth
To outperform market growth and enhance profitability,
the focus is on increasing the share of sales in emerging
markets and strengthening the position in the Group’s
core markets. Acquisitions are an integrated part of the
growth strategy. Focus is on the global premium segment,
expanding in profitable high-growth product categories,
developing service and aftermarket operations and
reducing complexity and costs in manufacturing.
Innovation
A key factor in the Electrolux consumer-oriented productdevelopment
process is the close collaboration between
marketing, R&D and design, as is the transfer of know-how
from the professional business to consumer products.
Over a number of years, the Group has progressively
increased investment in R&D. Sustainability is a core
element of the strategy, and sustainable innovation is one
of the Group’s four prioritized areas for product development.
At least one-third of the product-development
spend is related to sustainability.
Operational excellence
The Group’s manufacturing footprint is continuously
adapted and the operations are streamlined to increase
productivity. About 70% of the Group’s household appliances
are currently manufactured in low-cost areas.
Vacuum cleaners, microwave ovens and small domestic
appliances are mainly produced in low-cost areas. Global
optimization of production and modularization unlocks
resources for investment in product development, design
and marketing.
People and leadership
An innovative corporate culture with dedicated employees
from diverse backgrounds provides Electrolux with
the right foundation to develop successful products for
consumers across the globe. It is important to contribute
to sustainable development for current and future generations
in a rapidly evolving world. Strong, committed
managers play a decisive role in the successful execution
of the strategy.