Electrolux AB B

AB Electrolux sells home appliance for households and businesses, with products such as refrigerators, dishwashers, washing machines, cookers, vacuum cleaners, air conditioners and small domestic appliances under brands such as Electrolux, AEG, Zanussi, Frigidaire and Electrolux Grand Cuisine. Co. has six segments: Major Appliances Europe, Middle East and Africa; Major Appliances North America; Major Appliances Latin America; Major Appliances Asia/Pacific; and Small Appliances, which comprise the products for consumer durables market; and Professional products. Co.'s professional products include food-service equipment for hotels, restaurants and institutions, as well as laundry equipment.
  • TickerELUX B
  • ISINSE0000103814
  • ExchangeNasdaq Nordic Stockholm
  • SectorHousehold Goods & Home Construction
  • CountrySweden
Karl Bokvist ...
  • Olof Cederholm

Electrolux - Heads-up for report 23 October

Electrolux will report Q3 on Friday 23 October at 8.00 CET. A conference call will follow at 9.00 CET, dial in: SE ; UK 4; US .

Karl Bokvist ...
  • Laurits Kjærgaard
  • Olof Cederholm

Powerpoint Sector Report - The Capital Goods Data Miner - October 2020

Global PMIs continued higher in September, reaching 54, which supports our view that demand will gradually normalise in Q4. Automotive is good, while high metal prices should support demand for mining equipment. This helps to offset weakness in oil & gas, marine, aerospace. Demand from general manufacturing should improve in line with the improvement in PMIs seen in recent months. Valuation levels are on average relatively high, and 2021 earnings are expected to be back close to 2019 levels. With the global PMI rising, we prefer more cyclical names trading at lower multiples, especially those...

Christer Magnergård ...
  • David Martinsson
  • Ebba Bjorklid
  • Håkon Astrup
  • Jon Masdal
  • Jørgen Lian
  • Martin Hoang Nguyen
  • Martin Huseby Karlsen
  • Ole Martin Westgaard
  • Ole-Andreas Krohn
  • Rune Majlund Dahl
  • Stefan Gauffin

Northern Lights

Christer Magnergård

Electrolux (Hold, TP: SEK210.00) - As good as it gets

We expect Electrolux to go from loss-making in Q2 to reporting its strongest EBIT on record in Q3. As demand has recovered quickly (stay-at-home effect, stimulus, and pent-up demand), operational leverage should be above normal as the company still enjoys temporary cost-savings and lower input costs. We expect the positive effects to continue in Q4, but that things should normalise in 2021. We keep our HOLD, with a new target price of SEK210 (170), and note that the valuation is starting to appear rather full.

Karl Bokvist ...
  • Olof Cederholm

Sector Report - Steady improvement towards normalisation

Q3’20 report due on 23 October Maintain HOLD, SEK 240 (225) target price

Karl Bokvist ...
  • Olof Cederholm

Electrolux - Heads-up for report 23 October

Electrolux will report Q3 on Friday 23 October at 8.00 CET. A conference call will follow at 9.00 CET, dial in: SE ; UK 4; US .

Karl Bokvist ...
  • Laurits Kjærgaard
  • Olof Cederholm

Powerpoint Sector Report - The Capital Goods Data Miner - October 2020

Global PMIs continued higher in September, reaching 54, which supports our view that demand will gradually normalise in Q4. Automotive is good, while high metal prices should support demand for mining equipment. This helps to offset weakness in oil & gas, marine, aerospace. Demand from general manufacturing should improve in line with the improvement in PMIs seen in recent months. Valuation levels are on average relatively high, and 2021 earnings are expected to be back close to 2019 levels. With the global PMI rising, we prefer more cyclical names trading at lower multiples, especially those...

Christer Magnergård

Electrolux (Hold, TP: SEK210.00) - As good as it gets

We expect Electrolux to go from loss-making in Q2 to reporting its strongest EBIT on record in Q3. As demand has recovered quickly (stay-at-home effect, stimulus, and pent-up demand), operational leverage should be above normal as the company still enjoys temporary cost-savings and lower input costs. We expect the positive effects to continue in Q4, but that things should normalise in 2021. We keep our HOLD, with a new target price of SEK210 (170), and note that the valuation is starting to appear rather full.

Karl Bokvist ...
  • Olof Cederholm

Sector Report - Steady improvement towards normalisation

Q3’20 report due on 23 October Maintain HOLD, SEK 240 (225) target price

Karl Bokvist ...
  • Olof Cederholm

Electrolux - Strong Q3 on the cards

Q3’20 report due on 23 October Limited revisions, strong Q3 in estimates Keep BUY and TP SEK 240

Expert Corporate Governance Service (ECGS)

Electrolux - EGM 03 November 2020

ECGS notes that as a result of the Covid-19 pandemic the AGM will be held as an electronic meeting only. Consequently, it will not be possible to attend the AGM in person. In general, Electrolux is in compliance with the Swedish regulations relating to the organization and procedures of the Extraordinary General Meeting. Under ITEM 6 the board of directors proposes to distribute an extraordinary dividend of SEK 7.00 per share. ECGS notes that the Company decided to refrain from dividend payments at the AGM 2020 in view of the Covid-19 pandemic. As such it is proposed to reduce the aggregate ...

Expert Corporate Governance Service (ECGS)

Electrolux - AGM 31 March 2020

In general, Electrolux is in compliance with the Swedish regulations relating to the organisation and procedures of the Annual General Meeting. Under ITEMS 13a-13i, the (re-)election of the board of directors is proposed. In view of concerns over aggregate time commitments, ECGS recommends to vote OPPOSE to the (re-)election of: Mr. Henrik Henriksson (ITEM 13h). Under ITEM 15 the board of directors seeks approval of the Company's remuneration guidelines. As the proposed remuneration structure is NOT in line with its guidelines, ECGS recommends to vote OPPOSE. Under ITEM 16 the board of dir...

Expert Corporate Governance Service (ECGS)

Electrolux - EGM 21 February 2020

In general, Electrolux is in compliance with the Swedish regulations relating to the organisation and procedures of an Extraordinary General Meeting. Under ITEM 6, the board of directors seeks approval to distribute all shares in the wholly-owned subsidiary Electrolux Professional to the Company's shareholders. ECGS endorses the view of the board of directors that the proposal to split the Company into two separate listed companies (Electrolux and Electrolux Professional) could enhance the prerequisites to succesfully develop the respective businesses. In addition, ECGS is generally supportiv...

Electrolux April 10th, 2019

In general, Electrolux is in compliance with the Swedish regulations relating to the organisation and procedures of the Annual General Meeting. Under ITEM 15, the board of directors seeks approval of the Company's executive remuneration guidelines. Although no (material) changes are proposed, ECGS is missing an actual LT component (with a performance measurement period of at least 3 years) under the guidelines. ECGS therefore recommends to vote OPPOSE.  Under ITEM 16, the board of directors seeks approval of a LT incentive plan. In light of an  insufficiently long performance period (of only...

Electrolux – Proxinvest Corporate Governance Rating ® : C

Proxinvest Corporate Governance Rating ® helps investors integrate governance into their investment decision and identify governance risks and opportunities within their portfolio. Proxinvest Corporate Governance Rating ® Service rates European issuers through the analysis of four main themes : Ownership & Shareholder rights, Board & Committees, Audit & Process, Remuneration. Each theme is rated taking into account several comprehensive sub-categories. Our unique two-step process to achieve each rating includes a first step quantitative valuation and a second step qualitative filter...

Christer Magnergård ...
  • David Martinsson
  • Ebba Bjorklid
  • Håkon Astrup
  • Jon Masdal
  • Jørgen Lian
  • Martin Hoang Nguyen
  • Martin Huseby Karlsen
  • Ole Martin Westgaard
  • Ole-Andreas Krohn
  • Rune Majlund Dahl
  • Stefan Gauffin

Northern Lights

Christer Magnergård ...
  • Frank Maaø
  • Håkon Astrup
  • Joachim Gunell
  • Jon Masdal
  • Jørgen Lian
  • Karl-Johan Bonnevier
  • Martin Hoang Nguyen
  • Mattias Holmberg
  • Niclas Gehin
  • Nicolai Farstad Olsen
  • Nicolas McBeath
  • Niklas Wetterling
  • Ole Martin Westgaard
  • Ole-Andreas Krohn
  • Olof Larshammar
  • Patrik Ling
  • Ragnhild Støer
  • Rune Majlund Dahl
  • Simen Mortensen
  • Stefan Gauffin
  • Tomi Railo

Northern Lights

Alexander Aukner ...
  • Christer Magnergård
  • Joachim Gunell
  • Jon Masdal
  • Martin Hoang Nguyen
  • Niklas Wetterling
  • Ole-Andreas Krohn
  • Patrik Ling
  • Tomi Railo

Northern Lights

Christer Magnergård ...
  • Joachim Gunell
  • Martin Huseby Karlsen
  • Ole-Andreas Krohn

Northern Lights

Christer Magnergård ...
  • Jon Masdal
  • Martin Hoang Nguyen
  • Ole-Andreas Krohn
  • Patrik Ling

Northern Lights

ELECTROLUX AB sees an upgrade to Slightly Positive due to a better fundamental star rating

The general evaluation of ELECTROLUX AB (SE), a company active in the Durable Household Products industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 3 out of 4 possible stars while its market behaviour can be considered as moderately risky. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Slightly Positive. As of the analysis date June 30, 2020, the closing price was SEK 155.80 and its potential was estimated at SEK 179.54.

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the we...

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