Electrolux blows past COVID-19 as imports of fridges heat up

Cons. Discr. - Durables 323 Coronavirus 408 Industrials - Capital Goods 455 U.S. 4555

Electrolux is reinstating its dividend payments as the disruptions caused by COVID-19 have passed, indeed the firm stated the “negative impact initially seen related to the pandemic will largely be recovered in the operating profit” in the first nine months of 2020 overall. While details won’t be available until Oct. 23, Panjiva’s shipping data provides a guide to the home appliance sector’s performance. U.S. seaborne imports of household appliances have climbed by 48.6% year over year in Q3 through mid-September compared to the same period a year earlier. That’s outpaced growth of 30.9%...

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