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Electrolux Professional AB ( ($SE:EPRO.B) ) just unveiled an update.
Electrolux Professional Group announced plans to streamline its operations to enhance competitiveness and profitability, aiming for annual savings of SEK 175 million by 2027. The restructuring will impact approximately 350 employees, with a net reduction of about 200 jobs, as production relocations and a strategic competence shift are implemented to support business development and achieve a target EBITA margin of 15%.
The most recent analyst rating on ($SE:EPRO.B) stock is a Hold with a SEK70.00 price target. To see the full list of analyst forecasts on Electrolux Professional AB stock, see the SE:EPRO.B Stock Forecast page.
More about Electrolux Professional AB
Electrolux Professional Group is a global leader in sustainability within the food service, beverage, and laundry sectors for professional users. The company offers innovative products and services in over 110 countries, with a focus on making work-life easier, more profitable, and sustainable. In 2024, the company reported global sales of SEK 12.5 billion and employed approximately 4,300 people. Electrolux Professional’s B-shares are listed on Nasdaq Stockholm.
Average Trading Volume: 208,147
Technical Sentiment Signal: Sell
Current Market Cap: SEK17.15B
For an in-depth examination of EPRO.B stock, go to TipRanks’ Overview page.