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AB Electrolux ADR B (ELUXY)

- OTCPK - Current
  • Wed, Apr. 8, 11:00 AM
    • Shares of Whirlpool (NYSE:WHR) are down 1.8% after rival Electrolux (OTC:ELUXF, OTCPK:ELUXY) warns on results in North America.
    • The Swedish appliance seller expects to post a loss in Q1 due in part to costs tied to energy regulations.
    • "Electrolux operations continue to be negatively impacted by the transition of the product ranges within refrigeration and freezers," reads the company's statement.
    • Electrolux will release full Q1 results on April 24.
    • Shares of Electrolux ADRs have fallen 7.7%.
    • Electrolux update on North American operations
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Company Description
Electrolux is a global leader in household appliances and appliances for professional use, selling more than 40 million products to customers in more than 150 markets every year.<br /><br />The company focuses on innovations that are thoughtfully designed, based on extensive consumer insight, to... More
Country: Sweden