BUZZ-Electrolux rises on benefits from potential Trump tariffs

Reuters11-06

BUZZ-Electrolux rises on benefits from potential Trump tariffs

** Shares in Swedish home appliances maker Electrolux ELUXb.ST rise 2%, paring earlier gains of as much as nearly 4%, as Donald Trump claims victory in the U.S. presidential election

** "Electrolux can probably be seen as a winner on Trump's possible tariffs," Kepler Cheuvreux analyst Johan Eliason says, pointing out the company's established production presence in the country

** The appliance maker has several production units in US, located in Springfield, TN, Anderson, SC and Kinston, NC, which Redburn Atlantic analyst James Moore says is an advantage when compared to Chinese and Asian appliance makers, which would have to face the potential tariffs

** "Less competition from China is likely," ABG Sundal Collier analyst Fredrik Ivarsson adds

** Electrolux' North American business continues to hold back group earnings as it faces high costs, competition from market leader Whirlpool WHR.N and lower-priced rivals, such as China's Midea 000333.SZ

** Including today's rise the stock has dropped by nearly 15% YTD

(Reporting by Tilla Sjaavaag)

((tilla.sjaavaag@thomsonreuters.com;))

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