Electrolux Cost-Savings Boost North America Performance Despite Profit Miss -- Market Talk

Dow Jones2025-07-18

0820 GMT - Electrolux's overall 2Q profit missed views, hitting shares, but performance in North America was better than feared, Citi analysts say in a note. The home-appliance manufacturer managed to successfully offset tariffs with higher prices in the region, outperform on volumes, and boost profit through savings, they say. Performance in EMEA/APAC was worse than expected, but further cost-savings could partially offset this, Citi says. "While savings were lower than we modelled in 2Q, this implies higher savings in 2H versus our expectations," the U.S. bank notes. Shares in early trade are down 15% at 61.40 kronor. (anthony.orunagoriainoff@dowjones.com)

(END) Dow Jones Newswires

July 18, 2025 04:20 ET (08:20 GMT)

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