Electrolux expects bigger impact from supply chain challenges in H2’21

Cons. Discr. - Durables 445 Earnings 638 Quote Watch 408 U.S. 5139

Electrolux reported Q2’21 revenues which climbed by 29.1% year over year. The firm has had to deal with “shortages of containers and vessels in the right places at the right time resulting in varying and intermittent supply” according to CEO Jonas Samuelson. U.S. seaborne imports linked to Electrolux nonetheless continued their heady ascent with growth of 41.4% year over year in Q2’21. There may be worse to come with Mr. Samuelson stating the logistics challenges will have a “higher impact in the second half of the year”. The firm will increase prices to “fully offset the headwind” from ...

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