AB Electrolux (publ) (ELRXF)
| Previous close | 9.00 |
| Open | 9.00 |
| Bid | N/A x N/A |
| Ask | N/A x N/A |
| Day's range | 9.00 - 9.00 |
| 52-week range | 8.00 - 16.52 |
| Volume | |
| Avg. volume | 32 |
| Market cap | 2.357B |
| Beta (5Y monthly) | 1.25 |
| PE ratio (TTM) | N/A |
| EPS (TTM) | -1.77 |
| Earnings date | N/A |
| Forward dividend & yield | 0.15 (1.67%) |
| Ex-dividend date | 26 Apr 2024 |
| 1y target est | N/A |
- Investing.com
Electrolux warns of weak consumer sentiment in early 2024
Investing.com -- Shares in Electrolux (ST:ELUXb) were choppy on Friday after the Swedish appliance maker flagged that it expects consumer sentiment to remain weak early this year.
- Reuters
UPDATE 4-Electrolux expects further weak consumer sentiment in early 2024
Electrolux said on Friday it expected consumer sentiment to stay weak in early 2024 as customers seek cheaper alternatives but the home appliance maker sees demand in major markets stabilising later throughout the year. The Swedish group on Jan. 12 warned its fourth-quarter loss had widened to around 3.2 billion Swedish crowns ($308.48 million)from a year-earlier 2.0 billion due to high costs, especially in North America. Its North America division has weighed on the company for some time due to delays in reaching full capacity at its new appliance factory, weak demand as well as intense price competition.
- Reuters
CORRECTED-UPDATE 1-Electrolux sees continued weak consumer sentiment in early 2024
Electrolux said on Friday it expects consumer sentiment to stay weak in early 2024 after which it sees demand in major markets stabilising through the year, as it reported quarterly losses in line with a preliminary reading. "Looking into the beginning of 2024, weak consumer sentiment is anticipated to continue with consumers shifting to lower price points and postponing purchases in discretionary categories," CEO Jonas Samuelsson said.
