Electrolux sets target of 4% organic sales growth (updated)

Electrolux AB

04/12/2025 12:06

Adds operating margin goal in paragraph 3, stock in paragraph 4, background in paragraph 5

STOCKHOLM, Dec 4 (Reuters) - Swedish appliances maker Electrolux ELUXb.ST said on Thursday it had set a goal of at least 4% annual organic sales growth over a business cycle, simplifying a key financial goal.

Previously, the company's target was for at least 4% sales growth but this included the impact of acquisitions and divestments, Electrolux said in a statement ahead of presentations to investors later in the day.

The competitor to Midea 000333.SZ and Whirlpool WHR.N left its operating margin goal of at least 6% unchanged.

The stock traded up 2.8% at 1205 GMT, but is still down 33% year to date, tracking a fourth year of losses.

Weak consumer demand and competition from lower-priced rivals such as China's Midea has weighed on Electrolux in recent years.

 (Reporting by Greta Fondahn in Stockholm and Stine Jacobsen in Copenhagen, editing by Terje Solsvik)

 ((anna.ringstrom@thomsonreuters.com))