Electrolux slides despite Q4 beat; analyst says guidance could indicate downside

Electrolux AB

30/01/2025 08:42

** Sweden's Electrolux  ELUXb.ST  shares are down 6% despite a
Q4 consensus beat on group revenue and operating profit lines
        ** J.P.Morgan notes the Q4 ahead of expectations but
says that guidance could indicate downside 
  
    ** The company sees external factors to be negative for the
year, with significant FX headwinds  
    ** The brokerage also notes that despite strong growth in
the North America region, where the core appliances market grew
by 7% year on year, margins in this segment once again missed
expectations
    ** Electrolux' CEO warned in the report that possible new
trade policies in the U.S. could impact the demand in North
America
    ** "Stock has outperformed in past couple of months, and
with somewhat weaker guide for 2025 earnings bridge, we may see
a travel and arrive today", JPM also adds
    ** The stock is on track for its worst day since Oct. 2024



($1 = 11.0066 Swedish crowns)

 (Reporting by Anna Chaberska)
 ((Anna.chaberska@thomsonreuters.com;))