Electrolux: capital markets day leaves investors unimpressed
(CercleFinance.com) - The Electrolux stock barely moved on Tuesday, with the Swedish household appliance maker holding an on-line capital markets day.
Starting at 15.00, the event will focus on how Electrolux is driving profitable growth through innovation, with design and brands as key pillars, the company said in a statement.
"Innovation is a key pillar in creating value", CEO Jonas Samuelson said in his comments.
The meeting is also intended to showcase how Electrolux has strengthened its premium position in Europe through the built-in kitchen area, and how this has boosted earnings.
"Together with sharpening of our premium brands Electrolux and AEG, this has resulted in growth and higher profit for these brands since 2016," Samuelson added.
Even so, this statement met with a lukewarm reaction from investors, with the Electrolux B share actually down 0.8% at noon in Stockholm.
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