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Electrolux AB
(ELUX.B)
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Rating:46Neutral
Price Target:
kr30.00
â–²(1.15% Upside)
Action:Reiterated
Date:07/31/26
The score is held down primarily by weak financial performance: a return to losses, thin/volatile margins, and a highly leveraged balance sheet with still-negative free cash flow. The latest earnings call adds some support through improving underlying EBIT, cost-savings execution, and strengthened liquidity, but these are tempered by rising tariff pressure and large nonrecurring charges. Technically, the stock shows a short-term rebound (above 20/50DMA) but remains below key longer-term averages, and valuation appears only moderate based on the provided P/E.
Positive Factors
Cost efficiency and underlying EBIT improvement
Savings from product-cost reductions, sourcing and value engineering are improving underlying profitability. If execution continues, the program can provide a durable margin base and partly offset input-cost and demand pressures.
Negative Factors
Losses and volatile operating profitability
The return to losses shows that revenue recovery has not yet translated into dependable earnings power. Thin margins leave limited protection against weaker volumes, unfavorable mix, inflation or execution setbacks.
Read all positive and negative factors
Positive Factors
Negative Factors
Cost efficiency and underlying EBIT improvement
Savings from product-cost reductions, sourcing and value engineering are improving underlying profitability. If execution continues, the program can provide a durable margin base and partly offset input-cost and demand pressures.
Read all positive factors
Electrolux AB (ELUX.B) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr21.73B
Dividend Yield8.02%
Average Volume (3M)3.27M
Price to Earnings (P/E)―
Beta (1Y)1.36
Revenue Growth-4.86%
EPS Growth-1111.15%
CountrySE
Employees39,000
SectorConsumer Cyclical
Sector Strength84
IndustryFurnishings, Fixtures & Appliances
Share Statistics
EPS (TTM)-2.47
Shares Outstanding800,292,400
10 Day Avg. Volume1,990,761
30 Day Avg. Volume3,267,561
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
kr33.00Price Target Upside11.26% Upside
Rating ConsensusHold
Number of Analyst Covering2
EPS Forecast (FY)2.33
Revenue Forecast (FY)kr130.86B
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 primarily makes money by selling appliances to retailers, distributors, and other trade customers, as well as to professional buyers (e.g., foodservice and commercial customers) depending on product category and geography. Revenue is la...
Electrolux AB Earnings Call Summary
Earnings Call Date:Jul 29, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Oct 23, 2026
Earnings Call Sentiment Positive
Balanced but cautiously positive: the company delivered improved underlying earnings (EBIT ex NRI SEK 1.2bn and margin expansion to 3.8%), meaningful cost savings (SEK 1.4bn in Q2) and stronger cash generation (SEK 1.6bn) while completing a SEK ~9bn rights issue to bolster the balance sheet. These operational and financial improvements, plus clear strategic moves (Midea partnership, SDA growth in Brazil), are countered by significant near-term headwinds — a SEK 2.2bn nonrecurring charge, persistent and increasing tariff costs in North America, restructuring-related charges and external cost inflation from the Middle East conflict. Overall the positives (volume & market-share gains, cost actions, liquidity improvement and strategic progress) moderately outweigh the negatives, but material execution and external risks remain for H2.Positive Updates
Group Organic Sales Growth and Reported Sales
Net sales: organic growth +2.0% in Q2 2026; reported growth +0.9% year-over-year, driven by higher volumes in EMEA/APAC and Latin America while North America declined.
Negative Updates
North America Demand and Profitability Pressure
North America organic sales declined -2.9% in Q2; U.S. market demand down ~3%. Profitability was negatively impacted by lower volumes, unfavorable mix and increased U.S. Section 232 tariff costs that were only partially offset by price increases.
Read all updates
Q2-2026 Updates
Positive
Negative
Group Organic Sales Growth and Reported Sales
Net sales: organic growth +2.0% in Q2 2026; reported growth +0.9% year-over-year, driven by higher volumes in EMEA/APAC and Latin America while North America declined.
Read all positive updates
Company Guidance
Electrolux guided that 2026 should deliver a positive combined contribution from volume, price and mix, underpinned by full‑year cost‑efficiency savings of SEK 3.5–4.0 billion (Q2 delivered ~SEK 1.4bn) and lower capital expenditure of about SEK 3.0–3.5 billion; however, external factors — primarily expanded U.S. Section 232 tariffs and Middle East‑related raw material and logistics cost inflation — are expected to have a significant negative impact (tariff headwinds to increase in Q3). The company reiterated a neutral market outlook for Europe, a negative outlook for North America (U.S. market down ~3% in Q2) and a positive outlook for Brazil, and said the new North America operating model will be reported from Q3. Electrolux completed a rights issue of approximately SEK 9–9.1 billion, had available liquidity including RCF of SEK 37.7 billion at end‑June, an S&P BBB‑ rating, reported net debt/EBITDA of 2.6x (targeting about 2x) and noted Q2 operating income included SEK 2.2bn of nonrecurring items while recognizing SEK 310m of tariff refunds (IEEPA 2025 claims of $49m ≈ SEK 450m validated; payout estimated in 60–90 days).Electrolux AB Financial Statement Overview
Summary
Income Statement
38
Negative
Balance Sheet
30
Negative
Cash Flow
41
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 128.54B | 131.28B | 136.15B | 134.45B | 134.88B | 125.63B |
| Gross Profit | 18.13B | 21.70B | 20.30B | 17.14B | 17.70B | 23.98B |
| EBITDA | 5.87B | 9.34B | 7.67B | 3.22B | 5.29B | 11.15B |
| Net Income | -1.45B | 878.00M | -1.39B | -5.23B | -1.32B | 4.68B |
Balance Sheet | ||||||
| Total Assets | 126.55B | 114.63B | 125.39B | 120.05B | 127.10B | 107.61B |
| Cash, Cash Equivalents and Short-Term Investments | 20.34B | 15.82B | 16.34B | 15.50B | 17.73B | 11.09B |
| Total Debt | 44.58B | 43.50B | 43.63B | 40.87B | 41.38B | 18.82B |
| Total Liabilities | 109.13B | 105.92B | 115.67B | 108.78B | 110.65B | 89.00B |
| Stockholders Equity | 17.41B | 8.70B | 9.72B | 11.27B | 16.44B | 18.60B |
Cash Flow | ||||||
| Free Cash Flow | -161.00M | -1.12B | -451.00M | -1.70B | -9.66B | 1.02B |
| Operating Cash Flow | 2.05B | 1.19B | 4.20B | 4.00B | -2.27B | 7.06B |
| Investing Cash Flow | -2.60B | -2.69B | -4.28B | -4.36B | -6.96B | -6.82B |
| Financing Cash Flow | 6.74B | 1.94B | 1.27B | -1.55B | 15.60B | -9.79B |
Electrolux AB Technical Analysis
Negative
29.66
Price Trends
27.24
Negative
28.24
Negative
32.34
Negative
Market Momentum
-0.24
Positive
41.35
Neutral
15.77
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:ELUX.B, the sentiment is Negative. The current price of 29.66 is above the 20-day moving average (MA) of 28.33, above the 50-day MA of 27.24, and below the 200-day MA of 32.34, indicating a bearish trend. The MACD of -0.24 indicates Positive momentum. The RSI at 41.35 is Neutral, neither overbought nor oversold. The STOCH value of 15.77 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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 |
|---|---|---|---|---|---|---|---|
71 Outperform | kr1.39B | 20.39 | 11.99% | 2.24% | 11.47% | 15.20% | |
68 Neutral | kr3.05B | 13.17 | 9.28% | 3.15% | -0.28% | 51.30% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
57 Neutral | kr3.61B | 17.61 | 6.05% | 6.56% | -2.46% | -7.73% | |
47 Neutral | kr3.14B | -33.57 | -1.30% | 7.61% | -11.62% | 79.62% | |
46 Neutral | kr21.73B | -10.58 | -13.22% | 8.02% | -4.86% | -1111.15% | |
45 Neutral | kr2.15B | -0.31 | -121.71% | 5.38% | -34.74% | -101.66% |
* Consumer Cyclical Sector Average
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Electrolux AB Corporate Events
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...
Electrolux updates rights issue prospectus after filing USD 88m tariff refund claims
Jun 30, 2026
Electrolux Group has issued a supplement to its previously published rights issue prospectus after disclosing that it has submitted claims for refunds of International Emergency Economic Powers Act tariffs totaling about USD 88 million. The update...
Electrolux Reshapes Share Capital Structure After Major Rights Issue
Jun 30, 2026
AB Electrolux has completed a previously announced rights issue of Class A and Class B shares, significantly increasing its share capital and voting rights. The transaction added 540,992,636 new shares, comprised of 16,383,608 Class A shares and 5...
Electrolux to Book USD 88 Million in U.S. Tariff Refunds, Update Rights Issue Prospectus
Jun 29, 2026
Electrolux Group has submitted refund claims under the U.S. IEEPA tariff refund program, targeting Phase 2 entries that cover most of its affected imports, after a Supreme Court ruling led to ordered tariff repayments. The company expects to book ...
Electrolux Raises SEK 9.1 Billion in Oversubscribed Rights Issue
Jun 22, 2026
Electrolux Group has completed a fully subscribed, preferential rights issue that was significantly oversubscribed, with total demand reaching about 135% of the offered shares. Gross proceeds of approximately SEK 9.1 billion will strengthen the gr...
Electrolux Raises SEK 9.1 Billion in Oversubscribed Rights Issue
Jun 17, 2026
Electrolux Group’s fully underwritten rights issue with preferential rights for existing shareholders has been oversubscribed, providing the Swedish appliance maker with gross proceeds of about SEK 9.1 billion before transaction costs. The s...
Electrolux launches SEK 9bn rights issue with prospectus approval
May 28, 2026
Electrolux Group has published the prospectus for its previously announced fully underwritten rights issue of Class A and Class B shares, targeting proceeds of about SEK 9 billion before transaction costs. The document, approved by the Swedish Fin...
Electrolux Wins Shareholder Backing for Capital Structure Changes and Rights Issue
May 27, 2026
Electrolux AB shareholders approved amendments to the company’s Articles of Association at an extraordinary general meeting in Stockholm, widening the permitted range for share capital to between SEK 3.3 billion and SEK 13.1 billion and for ...
Electrolux launches fully underwritten SEK 9 billion rights issue to fund growth and strengthen balance sheet
May 21, 2026
Electrolux Group has set the terms for a fully underwritten SEK 9.06 billion rights issue, offering two subscription rights per existing share, each right allowing subscription of one new Class A or Class B share at SEK 16.75. The issue, backed by...
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.