US market gloom hits Electrolux in Q1, shares seen to slump

Electrolux AB

24/04/2026 07:57

** Shares in Electrolux ELUXb.ST are seen to fall 6-10% after the Swedish home appliance maker posted much lower-than-expected Q1 numbers, citing slumping demand in North America

** Electrolux reported on Thursday its adjusted operating profit in the quarter falling 56% yoy to 198 million Swedish crowns ($21 million), against an average forecast 781 million

** The group's organic sales in North America fell 11.6% in Q1, hit by tariff costs and Electrolux changed its outlook for the market to "negative" from "neutral to negative"

** Up to yesterday's close the shares have fallen 6% YTD

($1 = 9.2663 Swedish crowns)

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