Electrolux Restructuring Has Few Options For Avoiding China — Panjiva


Electrolux Restructuring Has Few Options For Avoiding China

China 1762 Cons. Discr. - Durables 109 Industrials - Capital Goods 267 Tariffs 1175 U.S. 3310

Electrolux has provided more details regarding its restructuring plans which is a response to declining profitability. The changes and include a spin-out of its professional products portfolio in order to focus on consumer goods as well as cost cutting. One driver of lower profitability has been tariffs and raw material costs that cut profits by SEK 3 billion ($323.6 million) in 2018. While that will fall in 2019 due to price increases the firm’s U.S. operations remain highly exposed to tariffs. Duties applied to Chinese exports are the biggest area of exposure for the firm given China a...

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