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Electrolux AB
(ELUX.B)
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Rating:48Neutral
Price Target:
kr26.00
▼(-12.34% Downside)
Action:Reiterated
Date:10/24/26
The score is held back primarily by weak financial performance (return to losses, margin deterioration, and meaningful leverage), only partly offset by improved free cash flow. Technical signals are mixed with the stock still below key longer-term averages, while valuation is constrained by a negative P/E and no dividend yield data. The earnings call provides some upside support via strong cost-out execution and cash flow improvements, but guidance and external headwinds remain meaningful.
Positive Factors
Structural cost efficiency
Strong cost reduction execution can improve earnings resilience even when appliance demand is weak. Savings from product engineering, sourcing, factory productivity, and reorganization should support margins and cash generation over several quarters, provided implementation remains on schedule.
Negative Factors
Losses and margin deterioration
A return to losses alongside lower gross and EBITDA margins signals that current revenue is not converting efficiently into earnings. Persistent margin pressure can constrain investment, weaken debt-servicing capacity, and make the turnaround dependent on cost savings rather than healthy operating growth.
Read all positive and negative factors
Positive Factors
Negative Factors
Structural cost efficiency
Strong cost reduction execution can improve earnings resilience even when appliance demand is weak. Savings from product engineering, sourcing, factory productivity, and reorganization should support margins and cash generation over several quarters, provided implementation remains on schedule.
Read all positive factors
Electrolux AB (ELUX.B) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr23.34B
Dividend Yield8.02%
Average Volume (3M)2.54M
Price to Earnings (P/E)―
Beta (1Y)1.42
Revenue Growth-2.98%
EPS Growth-417.18%
CountrySE
Employees40,000
SectorConsumer Cyclical
Sector Strength84
IndustryFurnishings, Fixtures & Appliances
Share Statistics
EPS (TTM)-3.64
Shares Outstanding800,292,400
10 Day Avg. Volume3,148,094
30 Day Avg. Volume2,543,139
Financial Highlights & Ratios
PEG Ratio-0.12
Price to Book (P/B)1.98
Price to Sales (P/S)0.13
P/FCF Ratio-15.39
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
kr34.00Price Target Upside14.63% Upside
Rating ConsensusHold
Number of Analyst Covering1
EPS Forecast (FY)1.87
Revenue Forecast (FY)kr131.98B
Electrolux AB Business Overview & Revenue Model
Company Description
AB Electrolux (publ) is a global manufacturer and distributor of household appliances, with operations spanning Europe, North America, Latin America, the Asia/Pacific region, the Middle East, and Africa. The company's extensive product portfolio e...
How the Company Makes Money
Electrolux makes money primarily by selling home appliances and related products through a mix of retail, wholesale, and direct channels. Its core revenue stream is the sale of major appliances (kitchen and laundry) to consumers via appliance reta...
Electrolux AB Earnings Call Summary
Earnings Call Date:Oct 23, 2026
(Q3-2026)
| % Change Since: |
Next Earnings Date:Jan 29, 2027
Earnings Call Sentiment Positive
The call was broadly positive, emphasizing resilient 3.5% organic growth, market share gains, strong SEK 1.4 billion quarterly cost reductions, improved cash flow, and progress on the Midea joint ventures and footprint transformation. However, the company continues to face weak consumer demand, depressed regional markets, tariff and Middle East-related cost pressures, aggressive pricing outside North America, and a revised neutral volume-price-mix outlook. The positive execution and efficiency achievements significantly outweighed the stated challenges.Positive Updates
Organic Growth Despite Challenging Markets
Electrolux delivered organic growth of 3.5% in the quarter despite North American markets declining by 5%, Europe being flat, and Brazil slowing to 2% growth. Volume increased in EMEA, APAC, and Latin America.
Negative Updates
Weak Market Conditions Across Regions
North America declined by 5% in the third quarter, Europe was flat, and Brazil grew only 2%. Management described consumer confidence as very weak, with North American confidence at a 10-year low and European purchasing power affected by inflation and higher interest rates.
Read all updates
Q3-2026 Updates
Positive
Negative
Organic Growth Despite Challenging Markets
Electrolux delivered organic growth of 3.5% in the quarter despite North American markets declining by 5%, Europe being flat, and Brazil slowing to 2% growth. Volume increased in EMEA, APAC, and Latin America.
Read all positive updates
Company Guidance
Electrolux maintains a neutral market outlook for Europe, a negative market outlook for North America, and an unchanged positive full-year market outlook for Brazil; North American market demand is expected to decline by approximately 5%. For the full year, the combined contribution from volume, price, and mix is now expected to be neutral, compared with previously positive, while the outlook for investment in consumer experience, innovation and marketing, external factors, and capital expenditure remain unchanged. The company now expects approximately SEK 4 billion from cost efficiency, compared with guidance of SEK 3.5 billion-SEK 4 billion, and expects SEK 1.4 billion saving in year three, which will be 2028, from the manufacturing footprint and reorganization, with a SEK 600 million saving out of the JV in year 3, 2028, and a contribution in 2027. The company will not disclose the number targeted for 2027, expects tariffs and the Middle East impact to remain in the coming quarters, and over time aims to stay below 2x net debt to EBITDA.Electrolux AB Financial Statement Overview
Summary
Income Statement
38
Negative
Balance Sheet
45
Neutral
Cash Flow
52
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 130.14B | 131.28B | 136.15B | 134.45B | 134.88B | 125.63B |
| Gross Profit | 17.67B | 21.70B | 20.30B | 17.14B | 17.70B | 23.98B |
| EBITDA | 4.73B | 9.34B | 7.67B | 3.22B | 4.45B | 11.15B |
| Net Income | -1.98B | 878.00M | -1.39B | -5.23B | -1.32B | 4.68B |
Balance Sheet | ||||||
| Total Assets | 125.45B | 114.63B | 125.39B | 120.05B | 127.10B | 107.61B |
| Cash, Cash Equivalents and Short-Term Investments | 17.19B | 15.82B | 16.34B | 15.50B | 17.73B | 11.09B |
| Total Debt | 38.76B | 43.50B | 43.63B | 40.87B | 41.38B | 18.82B |
| Total Liabilities | 107.04B | 105.92B | 115.67B | 108.78B | 110.65B | 89.00B |
| Stockholders Equity | 17.97B | 8.70B | 9.72B | 11.27B | 16.44B | 18.60B |
Cash Flow | ||||||
| Free Cash Flow | 2.41B | -1.12B | -451.00M | -1.70B | -9.66B | 1.02B |
| Operating Cash Flow | 4.72B | 1.19B | 4.20B | 4.00B | -2.27B | 7.06B |
| Investing Cash Flow | -2.27B | -2.69B | -4.28B | -4.36B | -6.96B | -6.82B |
| Financing Cash Flow | 1.58B | 1.94B | 1.27B | -1.55B | 15.60B | -9.79B |
Electrolux AB Technical Analysis
Positive
29.66
Price Trends
26.64
Positive
27.09
Positive
30.92
Negative
Market Momentum
0.40
Negative
64.76
Neutral
70.38
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:ELUX.B, the sentiment is Positive. The current price of 29.66 is above the 20-day moving average (MA) of 26.25, above the 50-day MA of 26.64, and below the 200-day MA of 30.92, indicating a neutral trend. The MACD of 0.40 indicates Negative momentum. The RSI at 64.76 is Neutral, neither overbought nor oversold. The STOCH value of 70.38 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SE:ELUX.B.
Electrolux AB Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | kr1.45B | 21.12 | 11.99% | 2.16% | 11.47% | 15.20% | |
68 Neutral | kr3.76B | 14.08 | 10.43% | 2.57% | 2.24% | 51.71% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
48 Neutral | kr23.34B | -7.91 | -14.85% | 8.02% | -2.98% | -417.18% | |
48 Neutral | kr3.18B | 24.32 | 3.91% | 7.40% | -2.46% | -59.94% | |
44 Neutral | kr2.06B | -0.30 | -121.71% | 5.38% | -34.74% | -101.66% | |
40 Underperform | kr2.33B | -1,810.00 | 0.01% | 7.61% | -4.88% | ― |
* Consumer Cyclical Sector Average
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Electrolux AB Corporate Events
Electrolux Q3 Sales Rise as Cost Efficiencies Offset Tariff and Raw Material Headwinds
Oct 23, 2026
Electrolux AB reported third-quarter net sales of SEK 33,919m, up 5% year-on-year, with 3.5% organic growth driven by higher volumes in EMEA, APAC and Latin America and price increases in North America. Operating income excluding non-recurring ite...
Electrolux Names Shareholder-Driven Committee Ahead of 2027 AGM
Sep 17, 2026
Electrolux AB has appointed a five-member Nomination Committee to prepare key governance proposals ahead of its 2027 Annual General Meeting in Stockholm. The committee includes representatives from Investor AB, Lannebo Kapitalförvaltning, Fol...
Electrolux Adjusts Voting Rights After Share Class Conversions
Jul 31, 2026
AB Electrolux announced a change in its share and voting structure following shareholder-initiated conversions of Series A shares into Series B shares, a mechanism allowed under the company’s Articles of Association. The latest conversion in...
Electrolux boosts underlying earnings and cash flow as restructuring weighs on headline profit
Jul 29, 2026
Electrolux reported second‑quarter net sales of SEK 31.6bn, with organic growth of 2.0% driven by higher volumes in EMEA APAC and Latin America, while North America declined amid weak demand and new U.S. tariffs. Operating income excluding n...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.