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Electrolux AB ( ($SE:ELUX.B) ) just unveiled an update.
Electrolux Group has set the terms for a fully underwritten SEK 9.06 billion rights issue, offering two subscription rights per existing share, each right allowing subscription of one new Class A or Class B share at SEK 16.75. The issue, backed by major shareholder Investor AB and underwritten by Morgan Stanley, SEB and Deutsche Bank, is expected to raise the company’s share capital significantly and expand the total number of shares to up to 824 million.
Proceeds will fund a strategic partnership with Midea Group in North America, organizational efficiency measures including manufacturing footprint optimization and staff reductions, and other profitable growth initiatives. A substantial portion will also be used to deleverage and reinforce Electrolux’s balance sheet, aiming to bolster financial flexibility and preserve its investment-grade credit rating in a challenging competitive environment.
The most recent analyst rating on ($SE:ELUX.B) stock is a Hold with a SEK54.00 price target. To see the full list of analyst forecasts on Electrolux AB stock, see the SE:ELUX.B Stock Forecast page.
More about Electrolux AB
Electrolux Group is a leading global home appliance manufacturer whose brands, including Electrolux, AEG and Frigidaire, sell household products in around 120 markets worldwide. The company focuses on taste, care and wellbeing solutions, emphasizing sustainability, and reported sales of SEK 131 billion in 2025 with a workforce of about 39,000 employees.
Average Trading Volume: 2,153,667
Technical Sentiment Signal: Sell
Current Market Cap: SEK13.32B
Find detailed analytics on ELUX.B stock on TipRanks’ Stock Analysis page.