Electrolux Earnings Hit by North America Weakness -- Market Talk

Dow Jones04-24

1154 GMT - Electrolux reported a weak first quarter, with adjusted operating profit significantly below expectations, driven by a sharp deterioration in North America, SEB analysts write. This was partly offset by strength in EMEA and Latin America but cash flow was negative and financial leverage increased, they add. "The most important development is a strategic partnership with Midea in North America, together with a broader restructuring program aimed at significant cost savings." To finance this, Electrolux is launching a fully guaranteed rights issue of 9 billion Swedish kronor. SEB says volumes are likely near the bottom of the business cycle, and that it is concerned that the recent market share losses in the U.S. may be structural and that price erosion has only just begun. Shares fall 24%. (dominic.chopping@wsj.com)

(END) Dow Jones Newswires

April 24, 2026 07:55 ET (11:55 GMT)

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

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2629578846?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-04-24 19:55","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2629578846","market":"us","top_or_hot":-1,"title":"Electrolux Earnings Hit by North America Weakness -- Market Talk","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     1154 GMT - Electrolux reported a weak first quarter, with adjusted operating profit significantly below expectations, driven by a sharp deterioration in North America, SEB analysts write. This was partly offset by strength in EMEA and Latin America but cash flow was negative and financial leverage increased, they add. \"The most important development is a strategic partnership with Midea in North America, together with a broader restructuring program aimed at significant cost savings.\" To finance this, Electrolux is launching a fully guaranteed rights issue of 9 billion Swedish kronor. SEB says volumes are likely near the bottom of the business cycle, and that it is concerned that the recent market share losses in the U.S. may be structural and that price erosion has only just begun. Shares fall 24%. (dominic.chopping@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  April 24, 2026 07:55 ET (11:55 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Electrolux Earnings Hit by North America Weakness -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nElectrolux Earnings Hit by North America Weakness -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-04-24 19:55</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     1154 GMT - Electrolux reported a weak first quarter, with adjusted operating profit significantly below expectations, driven by a sharp deterioration in North America, SEB analysts write. This was partly offset by strength in EMEA and Latin America but cash flow was negative and financial leverage increased, they add. \"The most important development is a strategic partnership with Midea in North America, together with a broader restructuring program aimed at significant cost savings.\" To finance this, Electrolux is launching a fully guaranteed rights issue of 9 billion Swedish kronor. SEB says volumes are likely near the bottom of the business cycle, and that it is concerned that the recent market share losses in the U.S. may be structural and that price erosion has only just begun. Shares fall 24%. (dominic.chopping@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  April 24, 2026 07:55 ET (11:55 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4191","symbol_name":"家用电器","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2629578846","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2629578846","pubTimestamp":1777031700,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1154 GMT - Electrolux reported a weak first quarter, with adjusted operating profit significantly below expectations, driven by a sharp deterioration in North America, SEB analysts write. This was partly offset by strength in EMEA and Latin America but cash flow was negative and financial leverage increased, they add. \"The most important development is a strategic partnership with Midea in North America, together with a broader restructuring program aimed at significant cost savings.\" To finance this, Electrolux is launching a fully guaranteed rights issue of 9 billion Swedish kronor. SEB says volumes are likely near the bottom of the business cycle, and that it is concerned that the recent market share losses in the U.S. may be structural and that price erosion has only just begun. Shares fall 24%. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4191":"家用电器","ELUXY":"AB Electrolux"},"translate_title":"伊莱克斯盈利受到北美疲软的打击——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ELUXY":0.9},"content_text":"1154 GMT - Electrolux reported a weak first quarter, with adjusted operating profit significantly below expectations, driven by a sharp deterioration in North America, SEB analysts write. This was partly offset by strength in EMEA and Latin America but cash flow was negative and financial leverage increased, they add. \"The most important development is a strategic partnership with Midea in North America, together with a broader restructuring program aimed at significant cost savings.\" To finance this, Electrolux is launching a fully guaranteed rights issue of 9 billion Swedish kronor. SEB says volumes are likely near the bottom of the business cycle, and that it is concerned that the recent market share losses in the U.S. may be structural and that price erosion has only just begun. Shares fall 24%. (dominic.chopping@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  April 24, 2026 07:55 ET (11:55 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"-1","news_tag":"dataReport","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.49.0","shortVersion":"4.49.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2629578846","isCrawlerRequest":true}