Slide 1: Electrolux Group Q1 2025 Results presentation
Electrolux Group QI 2025 Results presentation Yannick Fierling, President and CEO Therese Friberg, CFO Ann-Sofi Jonsson, Head of IR & Sust. reporting
Slide 2: Major highlights Q1 2025
Major highlights Ql 2025 Solid organic growth Improvement in operating margin - all business areas improved Rapidly changing market environment, demand outlook increasingly uncertain ‘AB ELECTROLUX - Q1.2025
Slide 3: Solid growth and improved operating income
Solid growth and improved operating income Solid organic sales growth + Driven by higher volumes, mainly in North America and Latin America + Favorable product mix, with good momentum from new products. In Europe, demand replacement driven. Improvement in operating margin - Positive effect from cost
Slide 4: Europe, Asia-Pacific, Middle East and Africa
Europe, Asia-Pacific, Middle East and Africa Slightly positive organic sales development Slight volume growth, Electrolux and AEG outperformed market Predominantly replacement driven demand contributed to increased promotions and negative price development Improved operating income and margin Cost r
Slide 5: Overall market demand in Europe largely unchanged
Overall market demand in Europe largely unchanged <) European Core Appliances Market, Total European shipments, quarterly unit comparison y-o-y 40% 30% Market in Europe was 12% lower in Q1 2025 vs. QI 2019 20% 10% my 1 Mer -10% -20% 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Source: Elec
Slide 6: North America
North America Organic sales growth, outperformed the market + Higher volumes, compared to significant decline in first quarter 2024 + Outperforming the market, growth supported by good momentum from new products + Favorable mix and largely unchanged price development Cost reduction and increased eff
Slide 7: Overall market demand in U.S. largely unchanged
Overall market demand in U.S. largely unchanged A) U.S. Core Appliances Market, U.S. shipments, quarterly unit comparison y-o-y 30% 25% atid cll L. -15% 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 *Source: Based on the AHAM Factory Shipment Report. @l 2025 is a comparison of weeks between
Slide 8: Latin America
Latin America Consumer demand increased slightly + Market growth rate lower than previous quarters due to inflationary pressure and economic uncertainty - Competitive pressure increased in the region Double digit organic sales growth + Volume growth in both Brazil and Argentina, driven by improved m
Slide 9: Cost reduction target well on track
Cost reduction target well on track Cost reduction! y-o-y, SEKbn SEK 3.5-4.0bn targeted cost reductions in 2025 — Acceleration of product cost reductions 4.0 3.5-4.0 ; ‘ ‘ — Increased material sourcing from best-cost countries — Continue to accelerate benefits from global scale — Carry over from cos
Slide 10: Electrolux newly launched kitchen range
Electrolux newly launched kitchen range A) + New Electrolux kitchen range - further strengthen offering in mid- to premium segment 12349) od + Smart tech, incl. Al assisted cooking - “TasteAssist” + Intuitive and seamless user interface across kitchen products + Enables material carbon footprint red
Slide 11: Sustainability - a key driver
Sustainability - a ke : drive _ a amore consider actor when 3) Internal research in 10 key markets (-12,000 respondents). 4) Foresight Factory; 9,012 onine respondents, global average, Jon 2022, ‘AB ELECTROLUX - @12025 = se
Slide 12: Electrolux Group Q1 2025
Electrolux Group QI 2025 Therese Friberg, CFO.
Slide 13: Sales and EBIT Bridge
Sales and EBIT Bridge simone iene! ein Got EL SRNR vz Net Sales 2,398 -619 -280 32,576 Growth % 7.9% -2.2% -0.9% 4.8% EBIT excl NRIé 332 -292 ai -251 -31 452 EBIT excl NRI % 1.4% Accretion/ 1.2 pts -0.9 pts 4.2 pts -0.7 pts -0.1 pts AB ELECTROLUX - Q1.2025 CRM, aftermarket sales copabilty, ete perie
Slide 14: Operating Cash Flow
Operating Cash Flow SEKm Q12025 Q12024 EBIT 452 -720 D/A and other non-cash items 1,390 1,628 range in operating assets and 4,336 -2,535 Investments in intangible and tangible -760 -992 Changes in other investments 148 -67 Cash flow after investments* -3,107 -2,686 “Before acqustions ond divestments
Slide 15: Solid liquidity and maturity profile
Solid liquidity and maturity profile SEKbn Long-term borrowings, by maturity 12.0 10.0 8.0 6.0 4.0 “t 0.0 2025 2026 2027 2028 2029 2030- Data as per March 31, 2025 + SEK 29.5bn in liquidity incl. RCF as per March 31, 2025 + No financial covenants in any loan agreements + Target to maintain a solid i
Slide 16: Outlook and summary
Slide 17: Market outlook FY 2025 per region
Market outlook FY 2025 per region Electrolux estimates for industry shipments of core appliances, units year-over-year Latin America includes the ABC-countries, Asio-Pacific includes ANZ ond SEA Note: Market outlook assumes no significant adaltional impact from the global geopolitical situation. Pre
Slide 18: Electrolux business outlook
Electrolux business outlook <) Business Outlook’ y-o-y FY 2025 Comments , wo aa Positive, primarily due to price actions with the ambition to offset Yolume/price/mix RESIN headwinds from tariffs and FX Investments in consumer experience Negative Increased investments in marketing to capitalize on pr
Slide 19: Delivering on top priorities in Q1 2025
Delivering on top priorities in Q] 2025 H) Improve North America Portfolio mix Profitable growth + Well received product launches * Outperformed the market * Solid organic growth * Favorable mix through a clear focus on higher value products * Improved market position * Significantly reduced operati
Slide 20: Factors affecting forward-looking statements
Factors affecting forward-looking statements This presentation contains “forward-looking” stat company’s current expectations. Although the company believes that the expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations prove to ha
Slide 21: Q&A
Slide 22: AB ELECTROLUX - Q1.2025
AB ELECTROLUX - Q1.2025
Slide 23: Earnings contribution from price/mix
Earnings contribution from price/mix Business Area Ql, y-o-y Comments on Q1 y-o-y Europe, Asia-Pacific, Middle East and Africa Negative Increased promotions and negative price, partly offset by positive mix. North America Positive Mainly driven by positive contribution from mix. Latin America Positi
Slide 24: Electrolux Group
r) Electrolux Group