Q4 2024 Electrolux AB Earnings Call Transcript

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Jan 30, 2025

Jan 30, 2025 / 08:00AM GMT
Operator

Good day, and thank you for standing by. Welcome to the Electrolux fourth-quarter report 2024 webcast and conference call. (Operator Instructions) Please be advised that today's conference is being recorded.

I would now like to hand the conference over to your first speaker today, Yannick Fierling, President and CEO. Please go ahead, sir.

Yannick Fierling - Electrolux AB - President and CEO

Good day to all of you. My name is Yannick Fierling, and I'm happy to welcome you to my first earnings call after I assume the position as CEO of Electrolux on January 1. With me on the call, I have Therese Friberg, CFO; and Oscar Stjerngren, Investor Relations. Before I continue, I would like to mention that this session is recorded and will be available on our website as an on-demand version.

For the full year 2024, organic sales grew by 5.1%. The organic sales growth was driven by higher volume in all the group's business areas, primarily in Latin America. Price was negative, partly as a consequence of weak consumer demand in Europe and a higher share of

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