Electrolux Says Q3 Cost Efficiency Contributed About SEK 1.2 Bln To Earnings
Oct 25 (Reuters) -Electrolux AB ELUXb.ST:
Q3 COST EFFICIENCY CONTRIBUTED APPROXIMATELY SEK 1.2BN TO EARNINGS
2024 MARKET OUTLOOK EUROPE, ASIA-PACIFIC MAINTAINED AT NEGATIVE
VALUE OF ZANUSSI BRAND WILL BE BETTER MONETIZED AS PART OF GROUP'S LICENSING BUSINESS
TOTAL POTENTIAL DIVESTMENT VALUE OF NON-CORE ASSETS IS EXPECTED TO BE BELOW PREVIOUSLY COMMUNICATED SEK 10BN
2024 MARKET OUTLOOK NORTH AMERICA MAINTAINED AT NEUTRAL
MARKET CONDITIONS REMAINED CHALLENGING IN EUROPE AND NORTH AMERICA
2024 MARKET OUTLOOK LATIN AMERICA MAINTAINED AT POSITIVE
IN NORTH AMERICA, OPERATING LOSS CONTINUED TO NARROW
PROMOTIONAL INTENSITY IN NORTH AMERICA HAS STABILIZED SEQUENTIALLY THROUGHOUT YEAR
WE EXPECT PRICE TO BE NEGATIVE FOR FULL YEAR 2024, ALSO IMPACTING Q4 NEGATIVELY
BIZ OUTLOOK 2024: SEES CAPEX OF ABOUT SEK 5 BILLION (PREVIOUSLY SEK 5-6 BILLION)
EARNINGS CONTRIBUTION FROM COST EFFICIENCY IN Q3 REACHED SEK 1.2BN
IN EUROPE DEMAND WAS PARTICULARLY WEAK WITHIN THE BUILT-IN KITCHEN AS A RESULT OF LOW RESIDENTIAL CONSTRUCTION AND REMODELING ACTIVITY
IN U.S, OVERALL MARKET DEMAND IN THIRD QUARTER INCREASED YEAR-OVER-YEAR
NORTH AMERICA: PRODUCTION OUTPUT AND EFFICIENCY IS EXPECTED TO BE NORMALIZED BY END OF 2024
Source text for Eikon: ID:nWkr1ZcjB1
Further company coverage: [ELUXb.ST]
(Gdansk Newsroom)
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