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Investing.com -- Swedish home appliance manufacturer Electrolux (ST:ELUXa) (ELUXb.ST) reported an unexpected operating profit for the last quarter of 2024 on Thursday, but cautioned that potential U.S. tariffs might lead to additional uncertainty in the North American market.
While Electrolux did not offer a specific earnings forecast for 2025, it stated that the market outlook was neutral across all its geographical areas.
The company’s operating profit, excluding one-time items, was 1.25 billion Swedish crowns ($113.6 million) for the fourth quarter, surpassing the average analyst estimate of 1.22 billion crowns, based on London Stock Exchange Group’s (LON:LSEG) IBES data.
The North America division of Electrolux reported an operating profit of 45 million crowns for the same period, ending a sequence of ten consecutive quarterly losses in the region. "In North America good momentum from our new products and improved productivity contributed to an improvement in operating income," stated CEO Yannick Fierling.
President Donald Trump announced on Tuesday his ongoing plan to impose a 25% tariff on imports from Mexico and Canada. Trump also committed to introducing tariffs on imports from Asia, where Electrolux sources around 20% of components for products sold in the United States.
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