Electrolux's Midea Partnership Could Lead to Positive Divestment -- Market Talk

Dow Jones04-24

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)

Copyright (c) 2026 Dow Jones & Company, Inc.

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment