Electrolux Adjusts 2025 North America Outlook To 'Neutral To Negative'
April 29 (Reuters) - Electrolux AB ELUXb.ST:
Q1 EPS SEK 0.16
Q1 REVENUE SEK 32,576 MILLION VERSUS. IBES ESTIMATE SEK 32,103 MILLION
Q1 NET INCOME SEK 42 MILLION
Q1 EBIT SEK 452 MILLION
Q1 ORGANIC GROWTH 7.9%
GOING INTO Q2 OF 2025, DEMAND OUTLOOK FOR HOME APPLIANCES IS INCREASINGLY UNCERTAIN
WE HAVE ADJUSTED OUR MARKET OUTLOOK FOR NORTH AMERICA FOR FULL YEAR 2025 COMPARED TO 2024 FROM "NEUTRAL" TO "NEUTRAL TO NEGATIVE"
OUTLOOK FOR MARKET DEMAND FOR EUROPE & ASIA-PACIFIC AS WELL AS LATIN AMERICAN REMAINS "NEUTRAL"
ELECTROLUX - OUTLOOK FOR 2025 IMPACTED BY INCREASED UNCERTAINTY
WE HAVE ALSO ADJUSTED OUR BUSINESS OUTLOOK DUE TO CHANGES IN U.S. TRADE POLICIES
ADJUSTED OUR MARKET OUTLOOK FOR NORTH AMERICA FOR FULL YEAR 2025 COMPARED TO 2024 FROM "NEUTRAL" TO "NEUTRAL TO NEGATIVE"
WE HAVE ADJUSTED OUR MARKET OUTLOOK FOR NORTH AMERICA FOR FULL YEAR 2025 COMPARED TO 2024 FROM "NEUTRAL" TO "NEUTRAL TO NEGATIVE"
WE NOW EXPECT A POSITIVE IMPACT FROM VOLUME/PRICE/MIX
OUTLOOK FOR MARKET DEMAND FOR EUROPE & ASIA-PACIFIC AS WELL AS LATIN AMERICAN REMAINS "NEUTRAL".
ADJUSTED OUR BUSINESS OUTLOOK DUE TO CHANGES IN U.S. TRADE POLICIES
NOW EXPECT A POSITIVE IMPACT FROM VOLUME/PRICE/MIX PRIMARILY AS A RESULT OF OUR PRICE INCREASES
CHANGE IN EXTERNAL FACTORS FROM "NEGATIVE" TO "SIGNIFICANTLY NEGATIVE".
EXPECT A POSITIVE IMPACT FROM VOLUME/PRICE/MIX PRIMARILY AS A RESULT OF OUR PRICE INCREASES AIMED AT OFFSETTING TARIFF RELATED COST INFLATION REFLECTED IN CHANGE IN EXTERNAL FACTORS FROM "NEGATIVE" TO "SIGNIFICANTLY NEGATIVE"
Further company coverage: [ELUXb.ST]
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