Electrolux Shares Rise as Whirlpool Forecast Cut Sends Stock Down Nearly 10%
Shares in US appliance manufacturer Whirlpool, one of Electrolux's major competitors, are plummeting after the company's third-quarter report on Monday evening.
BusinessShares in US appliance manufacturer Whirlpool, one of Electrolux's major competitors, are plummeting after the company's third-quarter report on Monday evening.
BusinessHome appliance group Electrolux reports an operating profit of SEK 670 million for the third quarter of this year. This was better than expected and compares with a profit of SEK 890 million in the same period in 2025.
BusinessThe US has so far been forced to repay just over $90 billion in tariffs that the US Supreme Court has declared invalid. Electrolux is one of the Swedish companies now getting money back. However, the company has new tariffs to contend with. They are already noticeable, says Ann-Sofi Jönsson at Electrolux to TT.
BusinessThe Stockholm Stock Exchange's OMXS index closed down 0.2 percent. Among the winners was Electrolux, which surged following Wednesday morning's interim report.
BusinessWhite goods manufacturer Electrolux reported better-than-expected results for the second quarter. However, the company says demand remains subdued.
BusinessThe flood of reports gets going in earnest next week. The economy looks good, says Lars Söderfjell at the Bank of Åland.
BusinessHome appliance giant Electrolux raises SEK 9.1 billion in a rights issue.
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