Whirlpool communicates the results of the fourth quarter of 2023, in the name of cost reduction that will continue in 2024: closing of transaction with Arcelik in Europe expected in April
“ In 2023, we saw a more than one-point increase in market share in North America and cost reductions of approximately $800 million , as expected. Looking ahead to 2024, we expect to further revise our cost structure with an additional reduction of $300 – $400 million, while the transformation of our portfolio will unlock increased margins with the closing of the transaction in Europe, expected in the month of April 2024 ”. These words from Marc Bitzer, president and CEO of Whirlpool Corporation , summarize the company’s fourth quarter and full-year 2023 results and provide guidance for the current year .