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Electrolux AB (ELRXF)
OTHER OTC:ELRXF
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Earnings Data
Report Date
Jan 30, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.14Last Year’s EPS
-0.53Same Quarter Last Year
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 26, 2018
|% Change Since: -7.02%
|Next Earnings Date:Jul 18, 2018
Earnings Call Sentiment|Neutral
The earnings call presented a mix of positive and negative aspects. Highlights include organic sales growth, cost efficiencies, and strong performance in Latin America. However, challenges such as negative price impacts, currency headwinds, and ongoing issues in North America were also highlighted. The sentiment is balanced with strategic initiatives in place to address these challenges.Company Guidance
During the third quarter of 2024 earnings call for Electrolux (ELUX B.ST), executives provided guidance indicating a mixed outlook across various regions. Organic sales increased by 6.2%, with significant growth in Latin America, particularly in Brazil. However, challenges were noted in Europe, where market demand declined slightly, and in North America, where promotional activity remained high. The company achieved an operating income of SEK 717 million, up from SEK 314 million the previous year, resulting in a 2.2% margin. Cost reduction activities delivered SEK 1.2 billion in savings year-over-year, with a target of SEK 4 billion by year-end. Despite these efforts, external factors such as currency headwinds and labor cost inflation posed challenges. The strategic divestment plan was adjusted, with the Zanussi brand retained for licensing rather than sale, affecting previously anticipated divestment proceeds. Looking forward, the company maintained a neutral market demand outlook for North America, positive for Latin America, and negative for Europe and Asia Pacific.Organic Sales Growth
Organic sales increased by 6.2%, driven by higher volumes in all the group's business areas, particularly strong in Latin America.
Operating Income Improvement
Excluding nonrecurring items, operating income amounted to SEK 717 million, up from SEK 314 million last year, corresponding to a margin of 2.2%.
Cost Efficiency Achievements
Cost reduction activities contributed to a positive earnings effect of approximately SEK 1.2 billion year-over-year, with expectations to reach SEK 4 billion for the full year.
Positive Cash Flow
Cash flow after investments in the quarter was positive SEK 1.1 billion, aligning with seasonal norms.
Strong Performance in Latin America
The business area reported an organic sales increase of 25.8%, mainly driven by higher volumes in Brazil.
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ELRXF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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ELRXF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 25, 2024 | $9.83 | $8.33 | -15.26% |
| Jul 19, 2024 | $8.50 | $8.73 | +2.71% |
| Apr 26, 2024 | $8.36 | $8.66 | +3.59% |
| Feb 02, 2024 | $9.38 | $9.34 | -0.43% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Electrolux AB (ELRXF) report earnings?
Electrolux AB (ELRXF) is schdueled to report earning on Jan 30, 2025, TBA Not Confirmed.
What is Electrolux AB (ELRXF) earnings time?
Electrolux AB (ELRXF) earnings time is at Jan 30, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ELRXF EPS forecast?
ELRXF EPS forecast for the fiscal quarter 2024 (Q4) is 0.14.
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