ELUXF - Electrolux: 2022 Was Tough And 2023 Won't Be Better
Summary
- Electrolux is one of the largest manufacturers of household appliances.
- The contracting economy and slowdown in the housing market resulted in a difficult 2022, and Electrolux expects an even lower demand in 2023.
- 2022 was a lost year, and 2023 is shaping up to be a transformational year as well.
- Peer Whirlpool has issued a more upbeat guidance, so perhaps Electrolux is too conservative. Or Whirlpool could be too optimistic.
- As no dividend will be payable, there's no need to get in the stock. I'm on the sidelines.
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Electrolux: 2022 Was Tough And 2023 Won't Be Better