By Adria Calatayud

Electrolux reported higher fourth-quarter results despite a challenging U.S. pricing environment amid tariff costs, and said this might hurt consumer demand in North America again in 2026.

The Swedish home-appliance manufacturer said Friday that it expects this year's demand to range from neutral to negative in North America as market prices adjust to reflect tariffs, which might weigh on growth.

For the fourth quarter, the company reported fourth-quarter net profit of 466 million Swedish kronor, equivalent to $52.9 million, compared with 150 million kronor in the same period last year.

Operating profit was up 44% at 1.52 billion kronor, with losses in North America offset by sharply higher earnings elsewhere. Analysts had forecast operating profit of 1.18 billion kronor, according to a company-compiled consensus.

Sales amounted to 35.22 billion kronor, up 2% organically, against expectations of 35.23 billion kronor.

Electrolux has been grappling with subdued consumer demand and competition from lower-priced rivals, and is implementing cost-efficiency measures.

The company previously said it had been able to offset majority of U.S. tariff-related cost increases in the third quarter. But U.S. pricing pressure in the fourth quarter led it to lower prices after prior increases to align with the market, hurting its bottom line, it said.

Write to Adria Calatayud at adria.calatayud@wsj.com

(END) Dow Jones Newswires

Electrolux's fourth-quarter sales amounted to 35.11 billion Swedish kronor. "Electrolux Expects Tough U.S. Market to Continue Into 2026," at 0641 GMT, misstated the figure.

(END) Dow Jones Newswires

January 30, 2026 02:06 ET (07:06 GMT)

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