Electrolux stock rises on SEB coverage reset and 28.11 SEK close
Published on 08/31/2026 at 16:39 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Electrolux stock (ISIN SE0016589188) ended at 28.11 SEK on August 28, 2026, after SEB resumed coverage with a Hold rating and a 30 SEK target. The move left the shares 6.55 percent below year-end levels and 13.29 percent under the average target of 31.85 SEK.
Coverage reset
SEB's new stance gave the Swedish appliance maker a fresh analyst reference point, and the stock traded at 28.11 SEK in the same market snapshot. The latest note also placed Electrolux in a year-to-date decline of 55.93 percent, a steep gap that keeps valuation pressure in view.
The pricing gap matters because it frames the stock against a 30 SEK target while the market still prices it below that level. For investors, the spread to the 31.85 SEK average target is the more relevant comparison than the single-call view.
Latest reported numbers
Electrolux reported sales of SEK 33.9 billion in the second quarter of 2026, with organic growth of 3.0 percent. Operating income reached SEK 1.2 billion, a clear improvement from SEK 0.3 billion in the second quarter of 2025.
Net income also improved to SEK 1.0 billion in the second quarter of 2026 from SEK 0.1 billion a year earlier, while the operating margin widened to 3.5 percent from 0.8 percent. That mix gives the coverage reset a more concrete backdrop than the target change alone.
Product line
The company still leans on household appliances such as washing machines, ovens, and refrigerators, and those categories remain the core of its volume and margin story. In a period when the second-quarter margin was 3.5 percent, small changes in mix and pricing carry extra weight.
Stock level
Electrolux shares closed at 28.11 SEK on August 28, 2026, with the latest market snapshot showing a 55.93 percent decline since January 1, 2026. The 31.85 SEK average target still sits above the last close, but the gap is not large enough to erase the pressure already built into the year.
Fact box
Company: Electrolux AB
ISIN: SE0016589188
Ticker: ELUXB
Exchange: Nasdaq Stockholm
Price (as of August 28, 2026, 6:00 p.m. ET): 28.11 SEK
Market cap: not shown in the available source set
Sector / Industry: Consumer Discretionary / Household Durables
Index membership: OMX Stockholm benchmark exposure
