Electrolux Feedback from sell-side meeting

研报英文原文证据摘录

Electrolux Feedback from sell-side meeting

J P M O R G A N Europe Equity Research

09 June 2026

Electrolux Neutral

ELUXb.ST, ELUXB SS

Feedback from sell-side meeting Price (09 Jun 26):Skr31.03

Price Target (Jun-27):Skr54.00

Electrolux CEO Yannick Fierling, CFO Therese Friberg, and Head of IR Ann-Sofi European Capital Goods

ACJönsson hosted a sell-side meeting in London this afternoon. We summarise our Akash Gupta

key takeaways from the meeting below. (44-20) 7742-7978

akash.z.gupta@jpmorgan.com

J.P. Morgan Securities plc

• North America Manufacturing Transition and Anderson Facility: The Phil Buller

company received concerns from investors regarding execution risk as it ramps (44-20) 3493-9403

down manufacturing and then ramps up production at the Anderson facility. phil.buller@jpmorgan.com

Management noted that they have been working on the plan for quite some time J.P. Morgan Securities plc

and already had a clear view of the cost differential that they will achieve Chitrita C Sinha

through this plan. Management is well aware of the risks involved, but they (44-20) 7742-7176

believe the upside from lower costs is significant. The company has also been chitrita.sinha@jpmorgan.com

actively managing stock levels at the Anderson facility to support the

Jeremy Caspar

transition. The North American market has plastic cavity products at the low

(44-20) 3493-5188

end and steel cavity products at the high end. Electrolux previously sourced jeremy.caspar@jpmorgan.com

steel cavities from Italy, but it will now source them from North America. J.P. Morgan Securities plc

• Midea Partnership and Food Preservation: The partnership with Midea is Ram S Mehta

intended to address challenges in food preservation, which is globally one of (91-22) 6157-3233

ram.mehta@jpmchase.com