Electrolux Ab Class A · OMXSTO:ELUX_A
Electrolux Ab Class A — Q3 2026 Earnings Presentation
25 slides from Electrolux Ab Class A's earnings presentation, Oct 23, 2026
Slide 1: Q3 2026 Results presentation
Q3 2026 Results presentation Yannick Fierling, President and CEO Therese Friberg, CFO Ann-Sofi Jönsson, Head of IR & Sust. reporting
Slide 2: Strong strategic execution in the quarter
Strong strategic execution in the quarter Group transformation accelerated … • Midea Group partnership in North America operational • Manufacturing footprint optimization according to plan, with closure of Anderson, U.S. and Rosario, Argentina. Discussion in Italy according to plan • Organization op
Slide 3: Organic sales growth, significant external headwinds
Organic sales growth, significant external headwinds SEKm Q3 2026 Q3 2025 Change Transformation Net sales 33,919 32,318 5.0% • Anderson U.S. factory re-purposing started, Rosario, Argentina Organic growth 3.5% 4.6% -1.1pts factory closed, and discussion in Italy according to plan Divestments - -0.9
Slide 4: Europe, Middle East & Africa and Asia-Pacific
Europe, Middle East & Africa and Asia-Pacific SEKm Q3 2026 Q3 2025 Change Transformation Net sales 14,176 13,682 3.6% Organic growth 2.8% 1.7% 1.2pts • Closure of factory in Jászberény, Hungary, expected Divestments - -2.2% 2.2pts end of 2026 Currency 0.8 % -4.2% 5.0 pts • Discussion with trade unio
Slide 5: Market demand in Europe unchanged
Market demand in Europe unchanged European core appliances market - total European shipments, quarterly unit comparison y-o-y Market -8% in Q3 2026 vs. Q3 2019 Source: Electrolux estimates. As from Q1 2020, Russia is excluded. Electrolux estimates are subject to restatement. Electrolux Group Q3 2026
Slide 6: North America
North America SEKm Q3 2026 Q3 2025 Change Net sales 12,033 11,782 2.1% Transformation Organic growth 2.4% 10.9 % -8.6 pts Currency -0.2 % -7.9% 7.7pts • North American Midea Group partnerships operational EBIT -244 25 N/A Organic sales Margin -2.0% 0.2 % -2.2pts EBIT excl. NRI -90 25 N/A • U.S. mark
Slide 7: Decline in U.S. market demand
Decline in U.S. market demand U.S. core appliances market - U.S. shipments, quarterly unit comparison y-o-y *Source: The AHAM Factory Shipment Report data shown in the graph and table above, Q3 2026 is a comparison of weeks between June 28, 2026 – September 26, 2026 vs June 29, 2025 – September 27,
Slide 8: Strategic partnership with Midea Group operational
Strategic partnership with Midea Group operational Three joint ventures with Midea Group Sales JV 50% Food Preservation Anderson Manufacturing JV Fabric Care 55% Juarez Manufacturing JV 35% Food Preservation Anderson Manufacturing JV: • Food preservation production closed 31 July. Repurposing into F
Slide 9: Latin America
Latin America SEKm Q3 2026 Q3 2025 Change Transformation Net sales 7,710 6,854 12.5% • Closure of factory, Rosario, Argentina Organic growth 6.6% 0.3 % 6.3pts Currency 5.9% -8.8 % 14.6pts • Strong Direct-to-Consumer channel execution EBIT 433 392 10.5 % Organic sales Margin 5.6% 5.7% -0.1 pts • Sign
Slide 10: Cost efficiency improvement
Cost efficiency improvement Cost reduction1 2026 y-o-y, SEKbn SEK 4.0bn targeted cost reductions in 2026 SEK appr. 4bn — Acceleration of product cost reductions — Increased material sourcing from best-cost countries — Continue to accelerate benefits from global scale Major drivers of SEK 1.4bn cost
Slide 11: Q3 2026 Therese Friberg, CFO
Q3 2026 Therese Friberg, CFO
Slide 12: Q3 Sales and EBIT Bridge
Q3 Sales and EBIT Bridge SEKm Q3 2025 Volume/ Innovation/ Cost External Acquisition/ Q3 2026 price/mix marketing1 efficiency2 factors3 divestment Net Sales 32,318 1,146 455 33,919 Growth % 3.5% 1.5% 5.0% EBIT excl NRI 890 122 -74 1,359 -1,385 912 EBIT excl NRI % 2.8% 2.7 % Accretion/ 0.3 pts -0.2 pt
Slide 13: Q3 – Non-recurring items (NRI)
Q3 – Non-recurring items (NRI) Q3 NRIs for Initiatives announced on April 23, 2026: Nine months SEKm Q3 2026 2026 Strategic partnership with Midea in Region NA: EMEA APAC — -623 Total NRIs in Q3 SEK -154m North America -154 -1,638* Global optimized organization and footprint: Latin America -151 -715
Slide 14: Operating Cash Flow
Operating Cash Flow SEKm Q3 2026 Q3 2025 Main drivers: EBIT 607 890 • Improved working capital • Other operating assets, D/A and other non-cash items 1,156 1,298 liabilities and provisions includes U.S. tariff refunds of appr. SEK 1bn related to Change in operating assets and liabilities 2,619 -714
Slide 15: Midea Group strategic partnership in North America - impact on reporting
Midea Group strategic partnership in North America - impact on reporting Electrolux Group strategic partnership with Midea Q3 2026 Q4 2026 Group consisting of three joint ventures: 1) Manufacturing joint venture (JV) in Anderson for Fabric • Change in consolidated equity: 1) Manufacturing JV Anderso
Slide 16: Solid liquidity and maturity profile
Solid liquidity and maturity profile • SEK 34.7bn in liquidity incl. RCF as per SEKbn Long-term borrowings, by maturity September 30, 2026 10 • No financial covenants in any loan 8 agreements 6 4 • S&P Global Ratings with BBB-, stable outlook 2 • Aim to continuing to strengthen balance 0 sheet and b
Slide 17: Market and Business outlook
Market and Business outlook Electrolux Group Q3 2026
Slide 18: Market outlook FY 2026 per region
Market outlook FY 2026 per region Europe Neutral North America Negative Brazil Positive Electrolux estimates for industry shipments of core appliances, units year-over-year Note: Market outlook assumes no significant additional impact from the global geopolitical situation. Presented October 23, 202
Slide 19: Electrolux business outlook partly revised 2026
Electrolux business outlook partly revised 2026 Business Outlook1 y-o-y FY 2026 Comments Volume/price/mix2 Neutral Investments in consumer experience Negative, increased Increased investments in innovation and marketing to support brand- innovation and marketing3 investments building and create long
Slide 20: Q3 highlights: Strategic execution on track
Q3 highlights: Strategic execution on track Main priorities Q3 2026 Improve North America • Midea Group strategic partnership in North America operational Profitable growth • Organic sales growth across all regions • Strengthened market position in North America and Europe, with a Strengthen market
Slide 21: Factors affecting forward-looking statements
Factors affecting forward-looking statements This presentation contains “forward-looking” statements that reflect the 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
Slide 22: Q&A
Q&A Electrolux Group Q3 2026 22
Slide 23: Appendix
Appendix Electrolux Group Q3 2026 23
Slide 24: Earnings contribution from price/mix
Earnings contribution from price/mix Business Area Q3, y-o-y Comments on Q3 y-o-y Europe, Middle East & Africa Increased promotions and negative price, partly offset by positive mix Negative and Asia-Pacific North America Positive Price is positive, with a negative mix effect Latin America Negative
Slide 25: Electrolux Group
-) Electrolux Group