|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||53.19 - 53.57|
|52 Week Range||40.00 - 55.07|
|Beta (5Y Monthly)||1.04|
|PE Ratio (TTM)||16.26|
|Forward Dividend & Yield||1.74 (3.26%)|
|1y Target Est||N/A|
Electrolux is investing about $250 million in new product platforms at a facility in Anderson, South Carolina, and the plant will replace manufacturing in St Cloud, Minnesota, and manufacturing at another facility in Anderson, it said. The new investment program and streamlining measures is on track to generate about 3.5 billion crowns ($363.59 million) of annual cost savings, with full effect from 2024, the Swedish company said. The capacity issues in Anderson are expected to be gradually resolved during the first half of 2020, it added.
We'd be surprised if AB Electrolux (publ) (STO:ELUX B) shareholders haven't noticed that the Senior VP, Mikael Östman...
Swedish appliance maker Electrolux reported quarterly profit that narrowly topped forecasts and reassured investors it could shrug off the pinch from currency swings, higher costs and tariffs, sending its shares sharply higher. Electrolux and U.S. rival Whirlpool Corp have spent the year pushing price hikes and greater efficiency as they seek to cushion the blow from higher raw material costs and tariffs on goods such as steel and aluminium. The Swedish company said it expected a hit of 1.6 billion crowns - the top end of its previous forecast - from higher raw material costs, trade tariffs and currency swings this year, but that pricing would fully offset that.
Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
The goal of this article is to teach you how to use price to earnings ratios (P/E ratios). To keep it practical, we'll...
Based on AB Electrolux (publ)'s (STO:ELUX B) earnings update on 30 June 2019, analysts seem cautiously bearish, with...
Swedish home appliance maker Electrolux said on Thursday it had been able to offset pressures from higher raw materials, trade tariffs and currency with price hikes so far in 2019, and that it also expected to do so for the full year. The company, a rival of Whirlpool, said it expected a smaller hit in 2019 from raw materials, trade tariffs and currency of 1.4-1.6 billion crowns versus its previous forecast for 1.7-1.9 billion. "The uncertainty on trade tariffs continues to impact our visibility".
If you want to know who really controls AB Electrolux (publ) (STO:ELUX B), then you'll have to look at the makeup of...
Today we'll take a closer look at AB Electrolux (publ) (STO:ELUX B) from a dividend investor's perspective. Owning a...
Want to participate in a short research study? Help shape the future of investing tools and you could win a $250 gift card! Small and large cap stocks are widely popular for a variety of reasons, however, mid-cap companies su...
Swedish home appliance maker Electrolux scaled back its full-year cost guidance after reporting first-quarter earnings above market expectations as price hikes and improved product mix helped offset tariff and currency headwinds. Electrolux has boosted margins in recent years by cutting lower-margin products and increasing efficiency, but its work was partly undone last year by mounting costs for raw materials and tariffs amid a trade stand-off between Washington and Beijing. Electrolux said on Friday that price hikes had fully compensated for cost increases in North and Latin America during the quarter.
Electrolux expects to lift sales growth at its professional products business above 7 percent after spinning off the unit next year, its executives told Reuters, citing opportunities to buy U.S. targets and add fast-food customers. The Swedish appliances maker announced plans this year to hand over the unit, which makes commercial kitchen and laundry equipment, to investors, allowing the business to access capital and chase the costly acquisitions in its specialist market. Chief Executive Jonas Samuelson told Reuters the professional unit - the group's most profitable - had achieved a compound annual growth rate of 7 percent since 2013.