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Summary: AB Electrolux Aug 01
Standard & Poors, August 2001
The ratings on Sweden-based AB Electrolux reflect the group's position as one of the leading companies in the worldwide appliance industry. With its global strategy, Electrolux has a number of strong brand names, and is the clear market leader for household appliances in Europe, as well as the third-largest in the U.S. Competition in this industry, however, is tough and profitability is low. Owing to the large number of acquisitions made by Electrolux over the past decades and the fragmented nature of the industry, the company has not been able to take full advantage of potential cost synergies and its strong market position. The streamlining of the company and cost-cutting programs over the past few years, however, have started to...
Companies mentioned in this report are: Electrolux AB
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