Brief: Electrolux Says 2025 Market Outlook For Europe, North America Is Neutral

Electrolux AB

30/01/2025 07:04

Jan 30 (Reuters) - Electrolux AB  ELUXb.ST :
    * BOARD OF DIRECTORS PROPOSES THAT NO PAYMENT OF DIVIDEND WILL BE MADE FOR 2024
    * 2025 MARKET OUTLOOK EUROPE, ASIA-PACIFIC: NEUTRAL
    * 2025 MARKET OUTLOOK NORTH AMERICA, LATIN AMERICA: NEUTRAL
    * BIZ OUTLOOK 2025: VOLUME/PRICE/MIX NEUTRAL - NEGATIVE PRICE OFFSET BY GROWTH IN  FOCUS
CATEGORIES
    * 2025 OUTLOOK: UNCERTAINTY STEMMING FROM POTENTIAL IMPACT ON DEMAND FOR HOME APPLIANCES
FROM
POSSIBLE NEW TRADE POLICIES IN NORTH AMERICA
    * BIZ OUTLOOK 2025: COST EFFICIENCY -  POSITIVE SEK 3.5-4.0BN
    * BIZ OUTLOOK 2025: SEES CAPEX OF  SEK 4-5BN
    * SEES SEK 3.5-4.0BN EARNINGS CONTRIBUTION FROM COST EFFICIENCY IN 2025
    * MARKET IN EUROPE CONTINUED TO BE REPLACEMENT DRIVEN AND WAS RELATIVELY STABLE IN Q4, WITH
HIGH
PROMOTIONAL INTENSITY
    * EXTERNAL FACTORS ARE EXPECTED TO BE NEGATIVE FOR 2025
    * IMPACT FROM  RAW MATERIAL COSTS IS EXPECTED TO BE ESSENTIALLY NEUTRAL IN 2025
    * PROMOTIONAL ACTIVITY WAS HIGH IN NORTH AMERICA, BUT BLACK FRIDAY PROMOTIONS DID NOT
CONTINUE
THROUGHOUT DECEMBER
    * DESPITE WEAK HOUSING MARKETS AND WITH SOME QUARTERLY VOLATILITY, MARKET INCREASED SLIGHTLY
IN
2024, SUPPORTED BY AGGRESSIVE PRICING ENVIRONMENT.

Source text:  ID:nWkr87djP7 
Further company coverage:  ELUXb.ST 

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