Electrolux Ab Class B ( (ELRXF) ) has released its Q4 earnings. Here is a breakdown of the information Electrolux Ab Class B presented to its investors.
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Electrolux AB, a leading global appliance manufacturer, operates in the home appliances sector and is known for its diverse product range including refrigerators, washing machines, and vacuum cleaners.
The company’s year-end report for 2024 shows a positive financial turnaround with increased sales and improved operating income, demonstrating the effectiveness of its strategic initiatives.
Electrolux reported a 5% increase in full-year net sales, reaching SEK 136,150 million, supported by higher volumes and a favorable product mix. Operating income, excluding non-recurring items, rose significantly to SEK 1,666 million, driven by cost efficiency improvements amounting to SEK 4.0 billion. The company also divested its water heater business in South Africa and addressed legacy asbestos exposure in the U.S., which helped streamline operations.
Despite the challenges posed by currency headwinds, Electrolux’s strategic focus on cost reduction and product innovation has positioned the company for continued stability. Looking forward, the management anticipates neutral market demand for core appliances in 2025, with efforts concentrated on enhancing profitability and maintaining robust cash flow.
