Why AB Electrolux (OM:ELUX B) Is Down 29.8% After Q1 Loss, SEK 9bn Rights Issue And Midea Deal – And What's Next

Simplywall
2026.04.26 17:58
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AB Electrolux reported a Q1 2026 net loss of SEK 470 million on sales of SEK 29,543 million and announced a SEK 9 billion rights issue. The company is partnering with Midea Group and restructuring its manufacturing operations, which may impact its cost base and product mix. The rights issue is crucial for funding these initiatives and improving financial flexibility. Analysts project SEK 137.1 billion revenue and SEK 3.4 billion earnings by 2029, with a fair value estimate of SEK 72.70, indicating a 61% upside from the current price.