Electrolux tumbles after Q1 miss, tariff concerns

Electrolux AB

29/04/2025 08:14

** Shares in Electrolux ELUXb.ST fall 9.2% after the Swedish home appliances maker booked lower than expected earnings for Q1 and lowered its North America market outlook, saying U.S. import tariff plans hit consumer sentiment

** The group's adjusted EBIT in Q1 of 452 million Swedish crowns ($46.96 million) misses 609.1 million crowns expected on average by analysts

** J.P. Morgan notes the stock has underperformed the SXNP by ~23% on tariff concerns

** "With a likely sizeable cut to consensus earnings, which will also lead to slower de-leveraging, we expect further underperformance today," the brokerage says

** Share on track for its worst day since 2024-10-25, when it closed 14.6% lower

($1 = 9.6250 Swedish crowns)

 (Reporting by Agnieszka Gosciak-Rabalska)

 ((Agnieszka.gosciak@thomsonreuters.com))