Electrolux Group Interim report Q2 2025

STOCKHOLM,July 18, 2025/PRNewswire/ --

Highlights of the second quarter of 2025           

• Net sales amounted toSEK 31,276m(33,819) with an organic sales growth of 1.8% (6.8), driven by growth inNorth AmericaandLatin America, partly offset by a slight decline inEurope,Asia-Pacific,Middle-Eastand Africa.         
• Operating income improved toSEK 797m(419) corresponding to an operating margin of 2.5% (1.2), driven mainly by an improvement inNorth Americathat reported a positive operating income in the quarter. Group operating income included a positive effect from the divestment of the Kelvinator trademark portfolio inIndiaofSEK 180m.            
• Income for the period amounted toSEK 178m(-80) and earnings per share wereSEK 0.66(-0.30).           
• Operating cash flow after investments wasSEK -741m(1,226), negatively impacted by an increase in working capital and the payment of the previously communicated French antitrust fine.

President and CEOYannick Fierling'scomment

Market outperformance inNorth America, amid uncertain market conditions

Organic sales growth was slightly positive in the quarter at 1.8%, driven byNorth AmericaandLatin America. Business areaEurope,Asia-Pacific,Middle EastandAfricareported a slight organic sales decline, with a negative price development. InEurope, our main brands continued to outperform the market, whereas the general market demand declined somewhat with increased competitive pressure, and replacement driven demand. InNorth America, market demand declined slightly in the quarter, and we continued to outperform the market. In bothEuropeandNorth America, consumers continue to shift to lower price points and demand was impacted by uncertainty due to ongoing geopolitical developments. InLatin America, consumer demand increased slightly. As anticipated, inBrazil, growth was hampered by inflationary pressure and increased interest rates. Business areaLatin Americareported slight organic sales growth.

Improved operating earnings with positive contribution fromNorth America

Operating margin improved, with a positive contribution fromNorth Americawhere list price increases offset increased costs related to U.S. tariffs introduced in the quarter. The competitive pressure and promotional activity were high in the quarter.Latin Americacontinued to deliver an operating margin above our Group mid-term target of 6%. InEurope,Asia-Pacific,Middle EastandAfrica, the underlying operating income was lower mainly due to a negative price development. Operating cash flow was negative, impacted by a seasonal increase in working capital, a negative impact related to U.S. tariffs and a payment of the earlier announced French antitrust fine.

Our market and business outlook for the year remains unchanged, and we reiterate our aim to offset tariff-related cost increases inNorth Americathrough price increases.

Looking ahead, consumer centricity and transformation in focus

In the quarter, we executed well on our long-term strategic priorities. We continued our journey to strengthen our brands, with new marketing campaigns to support recently launched innovations. In the U.S. we are currently launching new Frigidaire ovens with stone-baked pizza mode.North Americahas been a focus point for improvements, and in the quarter, the business area reported a positive operating income. We continued to make good progress on cost-efficiency measures, delivering cost savings from procurement as well as product engineering. Maintaining a consumer-centric approach, as well as increasing speed and agility, are key components of our strategy. In the coming quarter, we will increase our focus on the major transformation areas and to drive speed and agility.

The second quarter results demonstrate our commitment to deliver on our strategic priorities amid challenging market conditions.

Webcast and telephone conference 09.00 CET

A video webcast and simultaneous telephone conference is held at 09.00 CET today,July 18.Yannick Fierling, President and CEO, andTherese Friberg, CFO, will comment on the report.

If you wish to participate via webcast, please use the link below. Via the webcast you are able to ask written questions.

https://edge.media-server.com/mmc/p/oewb55np

If you wish to participate via telephone conference please register on the link below. After registration you will be provided phone numbers and a conference ID to access the conference. You can ask questions verbally via the telephone conference.

https://register-conf.media-server.com/register/BIe8ae8b00f3c74d6994d412fbd0737d8c

Presentation material available for download

www.electroluxgroup.com/ir

This disclosure contains information that Electrolux Group is obliged to make public pursuant to the EU Market Abuse Regulation (EU nr 596/2014) and the Swedish Securities Markets Act (2007:528). The information was submitted for publication, through the agency of the contact person, on18-07-202507:00 CET.

CONTACT:

For more information:

Ann-Sofi Jönsson, Head of Investor Relations& Sustainability Reporting, email:ann-sofi.jonsson@electrolux.com,  +46 73 035 1005

Maria Åkerhielm, Investor Relations Manager, email:maria.akerhielm@electrolux.com, +46 70 796 3856

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SOURCE Electrolux Group