Positive USD 70.5m non-recurring item related to U.S. tariff case

The settlement relates to a 2018 decision by the Department of Commerce (DOC) to set a tariff rate of 72.41% on Electrolux washing machines imported into the U.S. from Mexico between February 2016 and January 2017. Upon appeal, a panel later upheld the DOC decision, resulting in a charge to earnings in the fourth quarter 2021 of USD 85m (SEK 727m), communicated on January 26, 2022. The settlement relates to a 2018 decision by the Department of Commerce (DOC) to set a tariff rate of 72...

STOCKHOLM, 07/04/2022 (informazione.it - comunicati stampa - elettronica)

The settlement relates to a 2018 decision by the Department of Commerce (DOC) to set a tariff rate of 72.41% on Electrolux washing machines imported into the U.S. from Mexico between February 2016 and January 2017 . Upon appeal, a panel later upheld the DOC decision, resulting in a charge to earnings in the fourth quarter 2021 of USD 85m ( SEK 727m ), communicated on January 26, 2022 .

The interim report for the first quarter 2022 will be published on April 29, 2022 at 08.00 CET.

This disclosure contains information that Electrolux is obliged to make public pursuant to the EU Market Abuse Regulation (EU nr 596/2014). The information was submitted for publication, through the agency of the contact person, on 07-04-2022 08:45 CET .

Paul Palmstedt, Corporate Communications, +46 70 593 92 83

Sophie Arnius, Investor Relations, +46 70 590 80 72

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https://news.cision.com/electrolux/r/positive-usd-70-5m-non-recurring-item-related-to-u-s--tariff-case,c3541697

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