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Electrolux AB ( ($SE:ELUX.B) ) has shared an update.
Electrolux Group will end production at its Jászberény, Hungary factory, which makes built-in and freestanding refrigeration products, with operations scheduled to cease by the end of 2026. The move will result in a restructuring charge of about SEK 0.6 billion, booked as a negative non-recurring item for its Europe, Middle East & Africa and Asia-Pacific regions in the second quarter of 2026.
The closure, affecting roughly 600 employees, follows a strategic review aimed at strengthening cost competitiveness and increasing agility by optimizing the company’s production footprint. Electrolux plans to meet refrigeration demand by using existing plants and external OEM partners, while local sales and marketing activities in Hungary will continue through the Budapest office.
The most recent analyst rating on ($SE:ELUX.B) stock is a Hold with a SEK70.00 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 appliance manufacturer, known for brands such as Electrolux, AEG and Frigidaire, and sells household products in about 120 markets. The company focuses on taste, care and wellbeing appliances and emphasizes sustainability across its operations, generating annual sales of SEK 131 billion and employing around 39,000 people worldwide.
Average Trading Volume: 1,775,502
Technical Sentiment Signal: Strong Sell
Current Market Cap: SEK16.73B
See more insights into ELUX.B stock on TipRanks’ Stock Analysis page.