Electrolux AB Class B

AB Electrolux has reached a key milestone in its long-running partnership with Midea Group, with all three North American joint ventures now active and targeting roughly double the existing production capacity. The North America push follows a volatile stretch for the share price, which posted a 1-day return of 4.08% and a 90-day return of 1.67% against a year-to-date decline of 61.82% and a five-year total shareholder return down 74.41%. AB Electrolux closed at SEK24.97, while the most followed narrative puts fair value at SEK31.85, implying the stock is 22% undervalued. That narrative leans on a turnaround in profitability and mix, supported by an accelerated cost efficiency program and substantial investments in automation and digitalization. It could break if Europe remains stuck in a low replacement cycle and if currency and demand pressures in Latin America continue to squeeze profitability.