Electrolux shares surge in Stockholm as quarterly loss comes in below forecasts

(Il Sole 24 Ore Radiocor) - Stronger-than-expected results trigger a surge in Electrolux on the Stockholm Stock Exchange. Shares in the household appliance manufacturer are currently posting a substantial rise, whilst the benchmark OMX 30 index is up.

More specifically, Electrolux’s latest quarterly results, despite persistent weakness in North America, showed signs of improvement, beating forecasts across most indicators. The company – which has brands such as Frigidaire and AEG in its portfolio – recorded a smaller-than-expected net loss of 1.641 billion kronor between April and June (compared with a profit of 178 million the previous year), due to restructuring costs. Turnover stood at 31.569 billion kronor, up 2 per cent from the previous year’s 31.276 billion. By contrast, the operating result was a loss of 1.005 billion kronor, a figure affected by non-recurring items totalling 2.2 billion, but which nevertheless exceeded analysts’ consensus estimates. Operating profit excluding non-recurring items rose to 1.202 billion kronor (up from 797 million in 2025). Finally, Electrolux has revised downwards its investment forecast for 2026 from 4.0 billion to 3.0–3.5 billion kronor.

The results were ‘significantly’ more impressive than expected, according to analysts at JPMorgan, and cash flow has improved, partly thanks to the measures implemented by senior management to boost efficiency. Electrolux, on the other hand, is emerging from a period of weakness on the stock market, with the share price having fallen by around 55 per cent since the start of the year, partly due to the sharp declines recorded following the announcement of a capital increase of almost 1 billion euros at the start of the year.

The company is trying to cope with losses in the North American market, which is being affected by US tariffs and which, according to estimates, is expected to remain weak in the coming months. “The market environment remains characterised by geopolitical uncertainty and macroeconomic volatility, which could continue to weigh on consumer demand throughout the year”. For this reason, “we are maintaining a neutral market outlook for Europe and a negative one for North America for the full year”. At the same time, however, management has reiterated its positive outlook for Brazil, “although the cumulative effects of high interest rates and inflation continue to weigh on consumer credit and spending”, the company stated.