Category Archives: Domestic appliance news,

Europe’s new industrial strategy

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With 75% of large and 50% of small appliances made and sold in Europe, the home appliance industry is a major economic asset for the EU.

In designing the Clean Industrial Deal, the European Commission must ensure that this industrial excellence is preserved and enhanced.

Today the sector supports 1 million families across the EU, but this workforce is at risk if there are no clear signals from policymakers encouraging manufacturing within Europe.Read the full analysis: https://applia-europe.eu/news-applia/5-reasons-home-appliances-are-key-to-europes-new-industrial-strategy

Electrolux Q4 earnings beat estimates

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Electrolux reported strong fourth-quarter results, with an operating profit of SEK 1.25 billion (€1.09 million), slightly above analyst expectations. Sales rose by 6.5% to SEK 37,968 million (€3.3 billion), with organic sales growth at 11.5%.

CEO Yannick Fierling highlighted improvements in the North American market, driven by new products and increased productivity. He also noted the divestment of asbestos claims in the U.S., providing greater financial transparency. In Latin America, the group performed well with an 8.0% operating margin.

However, potential U.S. tariffs could create uncertainty in the North American market, leading to an initial stock drop of nearly 10% on the Stockholm Stock Exchange, which has since partially recovered. Electrolux announced no dividend for 2024.

De’Longhi closes 2024 with 14% growth and forecasts +6% for 2025

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2024, De’ Longhi recorded revenues of approximately 3.5 billion, up 13.7% (+6.6% at constant perimeter). In the fourth quarter, revenues were 1,268 million, up 17.7% (+11.1% at constant perimeter). In the 12 months, revenues were 3,497 million. EBITDA is expected to be 555 million euros.
For 2025, revenue growth is expected to be between 5 and 7%.

How can home appliances help cut costs and emissions?

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Modern, energy-efficient home appliances are reducing household energy use and lowering bills. Since 2019, energy consumption in Europe has decreased by 12 million tonnes of oil equivalent, driven by innovation in home technologies.

This reduction in energy use translates into lower environmental impact and financial savings for consumers, demonstrating how home appliances can contribute both to sustainability and cost-effectiveness.

➡️ Read more about why home appliances are key to Europe’s new industrial strategy:

https://applia-europe.eu/news-applia/5-reasons-home-appliances-are-key-to-europes-new-industrial-strategy

Haier Smart Home UK & Ireland awarded the prestigious Top Employer accreditation

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Haier Smart Home UK & Ireland has been recognised as a Top Employer in the UK for the third year running.

Being certified as a Top Employer showcases an organisation’s dedication to a better world of work and exhibits this through excellent HR policies and people practices.

Dacor launched a induction new range

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New Launch Alert 

Explore true precision and innovation in the kitchen, with Dacor’s newest ENERGY STAR® certified 30-Inch Induction Range.

Designed for precision and innovation, this range features sleek anti-scratch glass and two 7-inch burners that sync to accommodate large cookware,

precise cooking and innovative design with Dacor’s ENERGY STAR® certified 30-Inch Induction Range. Bake multiple dishes simultaneously with the oven’s Dual Four-Part Pure Convection System. Rapidly boil, sear and sauté with 4.3kW technology with elegant anti-scratch glass and two 7-Inch burners that sync to accommodate large cookware

LG drop in profit

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LG Electronics logged 6.4 percent drop in operating profit due to slow demand recovery in global home appliances and surge in logistic costs last year, the company said.

The Korean electronics giant posted 3.4 trillion won ($2.4 billion) in operating profit for the full year of 2024, according to its earnings announcement on Thursday, falling short of 3.7 trillion won market consensus compiled by FnGuide.

Its revenue marked a record high of 87.7 trillion won during the same period.

Growth of home appliance and vehicle solutions businesses contributed to the record-high generation of revenue in 2024, the company explained. Its TV and business-to-business sales also improved its sales last year.

Samsung manufacturing relocation

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Samsung and LG Electronics are reportedly considering relocating some of their home appliance production from Mexico to the U.S., according to South Korean media outlet The Korean Economic Daily, as cited by the Central News Agency.

This move is in response to U.S. President Donald Trump’s announcement of a 25% tariff on products imported from Mexico and Canada, starting February 1. Samsung may move its dryer production line to South Carolina, while LG is considering transferring its refrigerator production line to its Tennessee factory.

Samsung states it will monitor the situation closely and adapt as needed. LG plans to adjust its production systems and locations to respond to market changes effectively.

China exports increase

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Data from the General Administration of Customs showed that China exported 383.6 million household appliances in December 2024, a year-on-year increase of 16.1%; the cumulative exports from January to December were 448.144 million units, a year-on-year increase of 20.8%.

6.36 million refrigerators were exported, a year-on-year increase of 10.7%; the cumulative exports from January to December were 80.32 million units, a year-on-year increase of 19.7%.

In December, 2.82 million washing machines were exported, up 18.3% year-on-year; from January to December, the cumulative exports reached 32.86 million units, up 14.2% year-on-year.