Electrolux Q1 Loss Triggers 23% Share Drop

Electrolux posted Q1 operating loss, net loss 470 million crowns, with sales falling to 29.5 bn crowns, a 0.5% organic decline.
Shares plunged over 23% in Stockholm after the miss and announcement of a 9 bn‑crown rights issue to fund restructuring.
Electrolux will shut Anderson County plant, lay off >1,000 workers, and form three ventures with Midea in North America, Mexico, South Carolina.
Company maintains 2026 cost‑saving target of 3.5‑4.0 bn crowns and revises North American outlook to negative.