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AB Electrolux (publ) (ELUXY)

Other OTC - Other OTC Delayed price. Currency in USD
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29.52+0.28 (+0.96%)
At close: 03:45PM EST
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Trade prices are not sourced from all markets
Previous close29.24
Open29.38
Bid0.00 x 0
Ask0.00 x 0
Day's range29.29 - 29.52
52-week range20.01 - 49.43
Volume6,525
Avg. volume38,039
Market cap3.986B
Beta (5Y monthly)1.21
PE ratio (TTM)34.73
EPS (TTM)0.85
Earnings dateN/A
Forward dividend & yield1.80 (6.51%)
Ex-dividend date29 Sept 2022
1y target est21.07
  • Reuters

    Electrolux expects further demand decline as slips to loss

    Europe's biggest home appliances maker Electrolux said on Friday it expects further falls in demand due to inflation and high interest rates as soaring costs, especially in North America, led to a third quarter loss. Electrolux in September warned profit would drop as high inflation and low consumer confidence squeezed demand and large investments in North America had yet to pay off. Electrolux has invested heavily in its North American plants in recent years, but the pandemic and component shortages have delayed the ramp-up of local production.

  • Reuters

    Electrolux agrees to sell idle factory in Memphis in the US

    Electrolux, Europe's biggest appliances maker, has agreed to sell its idle factory in Memphis in the United States for $82.5 million, it said in a statement. The Swedish group said late on Wednesday it aimed to finalise the deal with an undisclosed buyer, and book a gain of around 740 million crowns ($65.3 million) from it, in the fourth quarter. The rival to U.S. group Whirlpool halted production in Memphis in June, transferring production to a new factory in Springfield.

  • Reuters

    Electrolux flags cost cuts, warns on profit as inflation squeezes demand

    COPENHAGEN (Reuters) -Sweden's Electrolux on Monday announced plans to cut costs and warned its profit would drop as high inflation and low consumer confidence squeezed demand for its home appliances, while large investments in North America had yet to pay off. Demand for appliances in Europe and the United States decreased at a significantly accelerated pace in the third quarter, with high retailer inventories and supply chain imbalances increasing costs and inefficiencies, Electrolux said. In the April-June quarter, Electrolux booked a weaker-than-expected operating profit of 560 million Swedish crowns ($53.4 million).