0804 GMT - Electrolux's partnership with China's Midea Group in North America could lead to a future divestment, but in the short term, its poor results and rights issue will weigh on results, analysts at SB1 Markets write. The company's partnership with Midea aims to increase sales and lower costs by 600 million Swedish kronor, with the region previously being a structural challenge, they write. The deal has already been approved by the American authorities, which shows that regulatory hurdles are smaller than expected, they add. The refrigeration segment is challenging for Electrolux, with price pressure from Asian low-cost players, they write. Shares are down 23% at 46.29 kronor.(aimee.look@wsj.com)
(END) Dow Jones Newswires
April 24, 2026 04:04 ET (08:04 GMT)
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