Electrolux AB (OTCPK:ELRXF)
$ 7.42 0 (0%) Market Cap: 2.37 Bil Enterprise Value: 4.92 Bil PE Ratio: 0 PB Ratio: 3.07 GF Score: 71/100

Q3 2023 Electrolux AB Earnings Call Transcript

Oct 27, 2023 / 07:00AM GMT
Release Date Price: $8 (-19.11%)
Jonas Samuelson;publ;President
AB Electrolux;CEO & Director

()- -

Good morning, and welcome to Electrolux Third Quarter 2023 Earnings Presentation. With me this morning, I have Therese Friberg, our CFO; Anna Ohlsson-Leijon, Chief Commercial Officer; and Sophie Arnius, Head of Investor Relations. I'd like to mention this session is recorded and will be available on our website as an on-demand version.

Before we go into our performance in the third quarter, I'd like to take this opportunity to say a few words about the announcement we made earlier this morning. As we said in the Q2 call, we were evaluating further structural simplification and complexity reductions in order to execute our strategy with focus, speed, scale and lower cost. This is even more vital in the current market situation. The weak market demand with consumers mixing down to lower price points has been accompanied by increasing price pressure in most markets globally, particularly impacting North America. This has been enabled by the resolution of post-pandemic supply chain

Already have an account? Log in
Get the full story
Access to All Earning Calls and Stock Analysis
30-Year Financial on one screen
All-in-one Stock Screener with unlimited filters
Customizable Stock Dashboard
Real Time Insider Trading Transactions
8,000+ Institutional investors’ 13F holdings
Powerful Excel Add-in and Google sheets Add-on
All data downloadable
Quick customer support
And much more...
30-Day 100% money back guarantee
You are not charged until the trial ends. Subscription fee may be tax deductible.
Excellent
4.6 out of 5 Trustpilot