AB Electrolux (publ) (0MDT.IL)
- Reuters
Electrolux cuts market outlook after Q1 profit beat
STOCKHOLM (Reuters) -Electrolux posted a smaller-than-expected drop in profits but downgraded its 2022 outlook for a market beset by political and inflationary pressures, supply chain woes and uncertainty around the COVID-19 pandemic. Operating profit at Europe's biggest home appliances maker fell to 1.58 billion crowns ($161 million) in the first quarter from a year-earlier 2.30 billion due mainly to lower sales volumes. The white goods maker said it expected supply chain constraints to start improving sequentially from mid-2022.
- Reuters
Electrolux profit falls as supply-chain headwinds linger
STOCKHOLM (Reuters) -Electrolux said on Friday global supply chain issues would persist after posting a drop in quarterly profit, while expecting demand in 2022 above pre-pandemic levels. Electrolux said the issues would continue to impact the industry's ability to fully meet demand, while it expected prices to offset strong cost inflation in 2022, mainly in raw materials, electronic components and logistics.
- Zacks
Zacks Industry Outlook Highlights: Whirlpool Corporation, Howden Joinery Group and Electrolux
Zacks Industry Outlook Highlights: Whirlpool Corporation, Howden Joinery Group and Electrolux
