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AB Electrolux (publ) (ELUXY)

17.39

+0.93

(+5.66%)

As of 11:50 AM EDT. Market Open.

Electrolux Q1 loss nearly triples on weak demand but beats expectations

Electrolux's operating loss nearly tripled in the first quarter on weak demand and poor performance in North America, but the loss was smaller than expected as raw material costs eased, sending shares up 6%. Electrolux, which prices its products in many regions at the premium end of the market, has seen consumers opt for cheaper alternatives, but said on Friday that is saw consumer confidence indicators to be bottoming out. "The price pressure in North America and high promotional activity in other markets characterizing the latter part of 2023 continued in the first quarter."

Reuters 8 hours ago

ELUXY
+5.66%
UPDATE 3-Electrolux Q1 loss nearly triples on weak demand but beats expectations

Electrolux's operating loss nearly tripled in the first quarter on weak demand and poor performance in North America, but the loss was smaller than expected as raw material costs eased, sending shares up 6%. Electrolux, which prices its products in many regions at the premium end of the market, has seen consumers opt for cheaper alternatives, but said on Friday that is saw consumer confidence indicators to be bottoming out. "The price pressure in North America and high promotional activity in other markets characterizing the latter part of 2023 continued in the first quarter."

Reuters 11 hours ago

ELUXY
+5.66%
UPDATE 2-Long-time Electrolux CEO Jonas Samuelson to step down next year

Sweden's Electrolux , the world's second-biggest appliances maker, said on Thursday its CEO of eight years Jonas Samuelson will step down on Jan. 1, 2025. Electrolux said in a statement Samuelson had informed the company of his decision to also leave the board, which will now launch a search for a successor. "I currently have no plan to take on any other operational role after leaving the group and will be available to support the company and my successor also after Jan. 1, 2025," Samuelson said in the statement, without providing any details.

Reuters 22 hours ago

ELUXY
+5.66%
Long-time Electrolux CEO Jonas Samuelson to step down next year

STOCKHOLM (Reuters) -Sweden's Electrolux, the world's second-biggest appliances maker, said on Thursday its CEO of eight years Jonas Samuelson will step down on Jan. 1, 2025. Electrolux said in a statement Samuelson had informed the company of his decision to also leave the board, which will now launch a search for a successor. "I currently have no plan to take on any other operational role after leaving the group and will be available to support the company and my successor also after Jan. 1, 2025," Samuelson said in the statement, without providing any details.

Reuters 23 hours ago

ELUXY
+5.66%
Electrolux warns of weak consumer sentiment in early 2024

Investing.com -- Shares in Electrolux (ST:ELUXb) were choppy on Friday after the Swedish appliance maker flagged that it expects consumer sentiment to remain weak early this year.

Investing.com 2 months ago

ELUXY
+5.66%
UPDATE 4-Electrolux expects further weak consumer sentiment in early 2024

Electrolux said on Friday it expected consumer sentiment to stay weak in early 2024 as customers seek cheaper alternatives but the home appliance maker sees demand in major markets stabilising later throughout the year. The Swedish group on Jan. 12 warned its fourth-quarter loss had widened to around 3.2 billion Swedish crowns ($308.48 million)from a year-earlier 2.0 billion due to high costs, especially in North America. Its North America division has weighed on the company for some time due to delays in reaching full capacity at its new appliance factory, weak demand as well as intense price competition.

Reuters 2 months ago

ELUXY
+5.66%
CORRECTED-UPDATE 1-Electrolux sees continued weak consumer sentiment in early 2024

Electrolux said on Friday it expects consumer sentiment to stay weak in early 2024 after which it sees demand in major markets stabilising through the year, as it reported quarterly losses in line with a preliminary reading. "Looking into the beginning of 2024, weak consumer sentiment is anticipated to continue with consumers shifting to lower price points and postponing purchases in discretionary categories," CEO Jonas Samuelsson said.

Reuters 2 months ago

ELUXY
+5.66%
Electrolux warns of bigger Q4 loss as N. American headwinds strengthen

STOCKHOLM (Reuters) -Electrolux, the world's second-biggest appliances maker, said on Friday that its fourth-quarter loss had widened from a year earlier due to high costs, intensified price competition and weak demand in North America, sending its shares lower. The Swedish group, which is due to publish its full quarterly earnings report on Feb. 2, estimated an operating loss of around 3.2 billion crowns ($311 million) for the three months, against a year-earlier 2.0 billion loss, on roughly unchanged sales. The result includes non-recurring items of a net negative 2.5 billion crowns, mainly restructuring costs which Electrolux in October estimated at 2 billion-2.5 billion crowns.

Reuters 3 months ago

ELUXY
+5.66%
New Strong Sell Stocks for October 16th

CURO, ELUXY and EMBC have been added to the Zacks Rank #5 (Strong Sell) List on October 16, 2023.

Zacks 6 months ago

CURO

ELUXY
+5.66%
50 Most Humid Cities in the US

In this article, we will be covering 50 most humid cities in the US. If you want to skip our detailed analysis of the heating, ventilation, and cooling (HVAC) systems market, you can go directly to 10 Most Humid Cities in the US. In one of our previous articles about best places to live in […]

Insider Monkey 7 months ago

LII

ELUXY
+5.66%
CARR
WRAPUP 1-Tesla, ABB, TSMC get Q2 earnings off to downbeat start

ABB warned on Thursday of slowing Chinese demand, Taiwanese chipmaker TSMC forecast a drop in 2023 sales and Electrolux cautioned shoppers are seeking cheaper appliances, deepening worries about global corporate and economic health. The news cast a pall over stocks as second-quarter earnings season ramps up. ABB said its orders in China, its second-biggest market, fell 9% in the three months to the end of June, with its electrification, motion and robotics divisions all seeing lower demand.

Reuters 9 months ago

ELUXY
+5.66%
^GSPC

TSLA
Tesla, ABB, TSMC get Q2 earnings off to downbeat start

ABB warned on Thursday of slowing Chinese demand, Taiwanese chipmaker TSMC forecast a drop in 2023 sales and Electrolux cautioned shoppers are seeking cheaper appliances, deepening worries about global corporate and economic health. The news cast a pall over stocks as second-quarter earnings season ramps up. The comments will unsettle investors, who had hoped that Beijing's decision to abandon strict and prolonged COVID curbs at the end of last year would revive the world's second-biggest economy.

Reuters 9 months ago

^GSPC

TSLA

ELUXY
+5.66%
Household cooling demand may increase 71% by 2050: Climate Central

With temperatures rising throughout the United States, the demand for cooling will rise as well. Climate Central predicts household cooling demand will rise 71% by the year 2050. Yahoo Finance's Jared Blikre breaks down how this will impact the air conditioning market.

Yahoo Finance Video 9 months ago

JCI

HON

EMR
Electrolux Inks Partnership With Freightos For Air Freight Efficiency

Home appliances company Electrolux Group has partnered with Freightos Ltd (NASDAQ: CRGO) to improve its freight booking process across its forwarders and carriers. With the partnership, Electrolux aims to optimize freight spend and improve freight decision-making to deliver supply chain agility and efficiency. Along with analytics and workflows, Freightos will facilitate the Electrolux procurement team to make real-time, door-to-door air cargo procurement decisions and make instant electronic ai

Benzinga 10 months ago

ELUXY
+5.66%
Here's Why Electrolux AB (ELUXY) Looks Ripe for Bottom Fishing

Electrolux AB (ELUXY) witnesses a hammer chart pattern, indicating support found by the stock after losing some value lately. This coupled with an upward trend in earnings estimate revisions could mean a trend reversal for the stock in the near term.

Zacks 10 months ago

ELUXY
+5.66%
Electrolux AB (ELUXY) Is Attractively Priced Despite Fast-paced Momentum

If you are looking for stocks that have gained strong momentum recently but are still trading at reasonable prices, Electrolux AB (ELUXY) could be a great choice. It is one of the several stocks that passed through our 'Fast-Paced Momentum at a Bargain' screen.

Zacks 10 months ago

ELUXY
+5.66%
FedEx Logistics rolls out instant visibility feature for airfreight clients

The outsourced logistics arm of FedEx is opening up the way it shares data on electronic bookings for air cargo with a major customer. The post FedEx Logistics rolls out instant visibility feature for airfreight clients appeared first on FreightWaves.

FreightWaves 10 months ago

FDX

ELUXY
+5.66%
Enfusion and Granite Construction have been highlighted as Zacks Bull and Bear of the Day

Enfusion and Granite Construction are part of the Zacks Bull and Bear of the Day article.

Zacks 11 months ago

ENFN

GVA

ALGT
2 Stocks Set to Sail Through Any Recession

Even if we do have a small recession, stocks like ELUXY and ALGT are likely to sail through it.

Zacks 11 months ago

ALGT

ELUXY
+5.66%
Electrolux AB (ELUXY) Shows Fast-paced Momentum But Is Still a Bargain Stock

Electrolux AB (ELUXY) could be a great choice for investors looking to buy stocks that have gained strong momentum recently but are still trading at reasonable prices. It is one of the several stocks that made it through our 'Fast-Paced Momentum at a Bargain' screen.

Zacks 11 months ago

ELUXY
+5.66%

Performance Overview

Return	ELUXY	OMX Stockholm 30 Index
YTD	-18.74%	+6.65%
1-Year	-33.50%	+13.72%
3-Year	-64.16%	+14.13%

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AB Electrolux (publ) (ELUXY)

Electrolux Q1 loss nearly triples on weak demand but beats expectations

UPDATE 3-Electrolux Q1 loss nearly triples on weak demand but beats expectations

UPDATE 2-Long-time Electrolux CEO Jonas Samuelson to step down next year

Long-time Electrolux CEO Jonas Samuelson to step down next year

Electrolux warns of weak consumer sentiment in early 2024

UPDATE 4-Electrolux expects further weak consumer sentiment in early 2024

CORRECTED-UPDATE 1-Electrolux sees continued weak consumer sentiment in early 2024

Electrolux warns of bigger Q4 loss as N. American headwinds strengthen

New Strong Sell Stocks for October 16th

50 Most Humid Cities in the US

WRAPUP 1-Tesla, ABB, TSMC get Q2 earnings off to downbeat start

Tesla, ABB, TSMC get Q2 earnings off to downbeat start

Household cooling demand may increase 71% by 2050: Climate Central

Electrolux Inks Partnership With Freightos For Air Freight Efficiency

Here's Why Electrolux AB (ELUXY) Looks Ripe for Bottom Fishing

Electrolux AB (ELUXY) Is Attractively Priced Despite Fast-paced Momentum

FedEx Logistics rolls out instant visibility feature for airfreight clients

Enfusion and Granite Construction have been highlighted as Zacks Bull and Bear of the Day

2 Stocks Set to Sail Through Any Recession

Electrolux AB (ELUXY) Shows Fast-paced Momentum But Is Still a Bargain Stock

Performance Overview