Slide 1: Q2 2026 Results presentation
Q2 2026 Results presentation Yannick Fierling, President and CEO Therese Friberg, CFO Ann-Sofi Jönsson, Head of IR & Sust. reporting
Slide 2: Q2 – an important milestone for Electrolux Group
Q2 – an important milestone for Electrolux Group • Group transformation accelerated: — partnership with Midea Group in North America, — global organizational efficiency and footprint initiatives; and — successful completion of the rights issue of about SEK 9bn strengthened balance sheet • Organic sa
Slide 3: Main highlights – earnings improvement
Main highlights – earnings improvement Positive organic sales growth driven by volumes SEKm Q2 2026 Q2 2025 Change • EMEA APAC: organic sales +4.5%, supported by volume, mix and Net sales 31,569 31,276 0.9 % market share gains Organic growth 2.0% 1.8% 0.1 pts • Latin America: organic sales +4.5%, dr
Slide 4: Europe, Middle East & Africa and Asia-Pacific
Europe, Middle East & Africa and Asia-Pacific SEKm Q2 2026 Q2 2025 Change Net sales 13,633 13,139 3.8% Continued market share gains for AEG and Electrolux Organic growth 4.5% -0.5 % 5.0pts • Organic sales +4.5%, driven by volume and mix Divestments 0.0% -2.2% 2.2pts Currency -0.8 % -4.7% 3.9pts • Co
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 Q2 2026 vs. Q2 2019 Source: Electrolux estimates. As from Q1 2020, Russia is excluded. Electrolux estimates are subject to restatement. Electrolux Group Q2 2026
Slide 6: North America
North America Lower volumes and mix, positive pricing SEKm Q2 2026 Q2 2025 Change Net sales 10,427 11,198 -6.9% • Organic sales declined by 2.9%, mainly reflecting weaker U.S. Organic growth -2.9% 4.1% -7.0pts market demand and negative mix Currency -4.0% -8.6 % 4.6pts • Volume and mix were negative
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, Q2 2026 is a comparison of weeks between March 29, 2026 – June 27, 2026 vs March 30, 2025 – June 28, 2025. Co
Slide 8: Partnership with Midea – execution according to plan
Partnership with Midea – execution according to plan Major milestones Q2 2026 Q3 2026 Q4 2026 Q1 2027 Q2 2027 • Governance scheme in place • Juarez1: — Progressing • Juarez1: • Juarez1: • Juarez1: according to plan — Ramp-up — Ramp-up ongoing — Ramp-up ongoing • Anderson2: ongoing • Anderson2: • And
Slide 9: Latin America
Latin America SEKm Q2 2026 Q2 2025 Change Market development Net sales 7,509 6,939 8.2% Organic growth 4.5% 2.6% 1.9pts • Positive market development in Brazil Currency 3.7% -14.9% 18.6 pts • Continued competitive environment with pressure on market price, EBIT 475 453 4.9pts with elevated interest
Slide 10: Brazil SDA*: Innovative and Sustainable
Brazil SDA*: Innovative and Sustainable • Gralha Azul (Brazil) plant opened in 2025 • Local production strengthens the cost base and brings the supply chain closer • Site built to use renewable electricity, electric logistics, closed- loop water, and recycled materials • Foundation for further produ
Slide 11: Cost reduction on track for FY 2026 outlook
Cost reduction on track for FY 2026 outlook Cost reduction1 2026 y-o-y, SEKbn 3.5-4.0bn SEK 3.5-4.0bn targeted cost reductions in 2026 — Acceleration of product cost reductions — Increased material sourcing from best-cost countries — Continue to accelerate benefits from global scale Major cost reduc
Slide 12: Therese Friberg, CFO
A) Electrolux Group Q2 2026 Therese Friberg, CFO
Slide 13: Q2 Sales and EBIT Bridge
Q2 Sales and EBIT Bridge SEKm Q2 2025 Volume/ Innovation/ Cost External Acquisition/ Q2 2026 price/mix marketing1 efficiency2 factors3 divestment4 Net Sales 31,276 604 -310 31,569 Growth % 2.0% -1.0% 0.9% EBIT excl NRI 797 -286 45 1,356 -530 -180 1,202 EBIT excl NRI % 2.5% 3.8 % Accretion/ -0.9 pts
Slide 14: Q2 – Non-recurring items (NRI)
Q2 – Non-recurring items (NRI) Q2 NRIs for Initiatives announced on April 23, 2026: Six months SEKm Q2 2026 2026 Strategic partnership with Midea in Region NA: EMEA APAC -623 -623 Total NRIs in Q2 SEK 1,933bn North America -1,484 -1,484 Global optimized organization: Latin America -101 -564 Total NR
Slide 15: Operating Cash Flow
Operating Cash Flow SEKm Q2 2026 Q2 2025 EBIT -1,005 797 D/A and other non-cash items 2,801 1,224 Change in operating assets and liabilities 353 -2,298 Investments in intangible and tangible assets -584 -775 Changes in other investments 41 311 Cash flow after investments* 1,607 -741 *Before acquisit
Slide 16: Solid liquidity and maturity profile
Solid liquidity and maturity profile • SEK 37.7bn in liquidity incl. RCF as per June SEKbn Long-term borrowings, by maturity 30, 2026 10 • No financial covenants in any loan 8 agreements 6 4 • S&P Global Ratings with BBB-, stable outlook 2 • Successful completion of SEK 9.1bn rights 0 issue in secon
Slide 17: Market and Business outlook
Market and Business outlook Electrolux Group Q2 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 July 29, 2026.
Slide 19: Electrolux business outlook partly revised 2026
Electrolux business outlook partly revised 2026 Business Outlook1 y-o-y FY 2026 Comments Ambition to optimize organic contribution, incl. actions to mitigate cost Volume/price/mix2 Positive increases Investments in consumer experience Negative, Increased investments in innovation and marketing to su
Slide 20: Q2 highlights: Strategic execution on track
Q2 highlights: Strategic execution on track Main priorities Q2 2026 • Midea strategic partnership for Food Preservation and Improve North America Fabric Care in North America • Organic sales growth in EMEA APAC and Latam above 4% Profitable growth • Strengthened market and price position in Europe •
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 Q2 2026
Slide 23: Appendix
Appendix Electrolux Group Q2 2026
Slide 24: Earnings contribution from price/mix
Earnings contribution from price/mix Business Area Q2, y-o-y Comments on Q2 y-o-y Europe, Middle East & Africa Increased promotions and negative price, partly offset by positive mix Negative and Asia-Pacific North America Negative Pricing is positive, with a negative mix effect Latin America Negativ
Slide 25: Electrolux Group
-) Electrolux Group