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Home > Finance > Electrolux tops profit estimates helped by improvement in North America

Electrolux tops profit estimates helped by improvement in North America

Published by Global Banking & Finance Review®

Posted on January 30, 2025

1 min read

Last updated: January 26, 2026

Tags:corporate profits financial community consumer perception

Quick Summary

Electrolux's Q4 2024 profit surpassed expectations due to North American growth, despite not paying dividends for the third year.

Electrolux Surpasses Profit Expectations Due to North American Growth

(Reuters) - Home appliance maker Electrolux posted a better-than-expected operating profit for the final quarter of 2024 on Thursday, boosted by an improvement in its troubled U.S. operations.

The Swedish group reported an operating profit excluding non-recurring items at 1.25 billion Swedish crowns ($113.6 million) for the fourth quarter, versus 1.22 billion crowns expected by analysts on average, an LSEG poll showed.

"In North America good momentum from our new products and improved productivity contributed to an improvement in operating income," CEO Yannick Fierling said in a statement.

However, Electrolux said it would not pay out a dividend for 2024, marking a third year in a row with no return to shareholders.

Intense competition from China's Midea and other lower-priced home appliance makers coupled with high inflation, which has left consumers cautious about spending, had squeezed Electrolux's earnings earlier in 2024.

($1 = 11.0038 Swedish crowns)

(Reporting by Boleslaw Lasocki in Gdansk; Editing by Milla Nissi)

Key Takeaways

•Electrolux's Q4 2024 profit exceeded expectations.
•North American operations showed significant improvement.
•No dividend will be paid for 2024, third consecutive year.
•Competition from Midea and inflation impacted earnings.
•Electrolux's new products contributed to profit growth.

Frequently Asked Questions about Electrolux tops profit estimates helped by improvement in North America

1What was Electrolux's operating profit for Q4 2024?

Electrolux reported an operating profit of 1.25 billion Swedish crowns ($113.6 million) for the fourth quarter of 2024.

2Why did Electrolux not pay a dividend for 2024?

Electrolux announced it would not pay out a dividend for 2024, marking the third consecutive year without a return to shareholders.

3What factors contributed to Electrolux's improved operating income in North America?

CEO Yannick Fierling stated that good momentum from new products and improved productivity contributed to the improvement in operating income in North America.

4What challenges is Electrolux facing in the market?

Electrolux is facing intense competition from lower-priced home appliance makers like China's Midea, along with high inflation that has made consumers cautious about spending.

Electrolux Surpasses Profit Expectations Due to North American Growth

(Reuters) - Home appliance maker Electrolux posted a better-than-expected operating profit for the final quarter of 2024 on Thursday, boosted by an improvement in its troubled U.S. operations.

"In North America good momentum from our new products and improved productivity contributed to an improvement in operating income," CEO Yannick Fierling said in a statement.

However, Electrolux said it would not pay out a dividend for 2024, marking a third year in a row with no return to shareholders.

($1 = 11.0038 Swedish crowns)

(Reporting by Boleslaw Lasocki in Gdansk; Editing by Milla Nissi)

Frequently Asked Questions

1What was Electrolux's operating profit for Q4 2024?

Electrolux reported an operating profit of 1.25 billion Swedish crowns ($113.6 million) for the fourth quarter of 2024.

2Why did Electrolux not pay a dividend for 2024?

Electrolux announced it would not pay out a dividend for 2024, marking the third consecutive year without a return to shareholders.

3What factors contributed to Electrolux's improved operating income in North America?

CEO Yannick Fierling stated that good momentum from new products and improved productivity contributed to the improvement in operating income in North America.

4What challenges is Electrolux facing in the market?

Electrolux is facing intense competition from lower-priced home appliance makers like China's Midea, along with high inflation that has made consumers cautious about spending.