OM:ELUX BConsumer Durables
Electrolux (OM:ELUX B) Stock Grapples With Losses Despite Cost Savings
AB Electrolux stock closed at SEK28.74 after a choppy few months that left the 90 day return down about 44%. The market has clearly been pricing in pain. Q2 showed exactly where that pain sits. The company booked a loss, with basic earnings per share of SEK3.16 in the red and net income excluding extra items also in the red at SEK1.64b, even as group revenue held at SEK31.6b.
The near term story is margin and profit squeeze. The longer term story is whether a now recapitalised AB Electrolux...