ELUXY 伊萊克斯 股價大跌20.88%
Electrolux Shares Post Record Drop After Surprise Loss
Appliance maker sees negative outlook in all regions
https://www.reuters.com/business/retail-consumer/electrolux-swings-loss-shoppers-shift-cheaper-appliances-2023-07-20/Electrolux swings to loss as shoppers shift to cheaper appliances
Reuters
July 20, 20234:50 PM GMT+8Updated 15 hours ago
STOCKHOLM, July 20 (Reuters) - Shares in Electrolux (ELUXb.ST) tracked their worst day since 2011 after Europe's biggest home appliances maker swung to a loss in the second quarter as cash-strapped shoppers opted for cheaper products and demand from residential property builders slowed.
The Swedish group said organic sales fell 8% as sales volumes shrank significantly due to continued weak demand.
"The weak market demand environment, with lower consumer purchasing power resulting in more consumers shifting to lower price points, continued also in the second quarter," CEO Jonas Samuelson said in a statement.
"Lower residential construction and remodeling activity caused significantly weaker demand within the built-in kitchen category, mainly impacting us in Europe," he said.
Electrolux said in a separate statement it had started preparations for a potential divestment of Zanussi and other non-core brands in the coming years.
The group estimated the total potential divestment value for all these assets combined to be about 10 billion crowns.
