Electrolux Group Year-end report Q4 2023
Highlights of the full-year of 2023 · In full-year 2023, net sales were SEK 134,451m (134,880) and operating income excl. non-recurring items was SEK 414m (831). Earnings declined mainly due to lower volumes following the weaker market demand as well as intensified price pressure in North America. The Group-wide cost reduction and North America turnaround program progressed well, resulting in a positive year-over-year impact of approximately SEK 5.5bn. Highlights of the fourth quarter of 2023 · In the fourth quarter, net sales amounted to SEK 35,636m (35,769) and organic sales