- Electrolux’s operating profit for the fourth quarter was SEK 1.05 billion, exceeding the estimate of SEK 973.6 million.
- The Latin America operating profit fell short, recording SEK 685 million against an estimate of SEK 792.6 million.
- Adjusted operating profit was slightly above predictions at SEK 1.25 billion, compared to the estimate of SEK 1.24 billion.
- North America saw net sales of SEK 12.47 billion, surpassing the estimate of SEK 10.58 billion.
- In Latin America, net sales were SEK 8.61 billion, slightly under the estimate of SEK 8.67 billion.
- Total net sales reached SEK 37.97 billion, above the forecasted SEK 35.79 billion.
- Organic revenue growth was a significant 11.5%, outperforming the anticipated 4.23% growth.
- Net income for the quarter was SEK 150 million.
- EMEA & APAC regions reported net sales of SEK 16.89 billion, slightly exceeding the estimate of SEK 16.77 billion.
- Operating profit in EMEA & APAC was SEK 617 million, above the estimate of SEK 485 million.
- The company received 7 buy recommendations, 9 holds, and 1 sell recommendation.
A look at Electrolux Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 1 | |
| Growth | 2 | |
| Resilience | 2 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 2.6 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Electrolux AB, a leading Swedish appliance company, shows a promising long-term outlook according to the Smartkarma Smart Scores. With a strong momentum score of 5, Electrolux seems to be gaining traction in the market, indicating positive movement in its stock price. While the value score stands at 3, demonstrating fair valuation, the growth and resilience scores of 2 suggest moderate but steady development and stability. However, the company’s dividend score is lower at 1, signaling a weaker performance in dividend payouts. Overall, Electrolux appears to have a solid foundation for future growth and performance in the household appliance sector.
Electrolux AB is recognized for its wide range of products such as refrigerators, dishwashers, washing machines, cookers, vacuum cleaners, air conditioners, and small domestic appliances. Despite varying scores across different factors, the company’s high momentum score hints at a positive market sentiment and potential for continued success. Investors should keep an eye on Electrolux as it navigates through the ever-evolving consumer appliance industry, leveraging its strengths and opportunities for long-term growth and competitiveness.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
Have feedback on this article? Concerned about the content? Get in touch with us directly.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Analytics and News
- ✓ Events & Webinars
