Electrolux AB (ELUX_A) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

In Sweden, we are masters of our own time. If we need, hmm, to enjoy a sunrise, we take five hours. With the market's only quick-select display, the Electrolux dishwasher lets you simply slide to the time you need while saving energy too. Electrolux. For better living. Designed in Sweden. Welcome to Electrolux Group and the presentation of our Q1 report. I'm Ann-Sofie Jönsson, Head of Investor Relations and Sustainability Reporting. I'm here with our CEO, Jannick Föland, and Therese Friberg, our CFO. We will run through the presentation, and after that, we will open up for the Q&A. With that, I hand over to Jannick. Thank you very much, Anne-Sophie, and good morning, good day to all of you. Very glad to be with you for this Q1 2026 report. We have been making some significant announcements last night. 2025 was the year of progress and strategic building. We are now executing this strategy. We have been announcing a series of initiatives I would like to remind you this morning. The first one is about a partnership we announced in the North American region with MIDEA. This partnership will be driving growth, We'll be driving better profit thanks to saving and share of CapEx. And certainly it will represent a very strong platform to move forward in this region. We have been announcing as well that we'll be optimizing our footprint and gaining efficiency across our organization. We are planning to expand in terms of product and geography moving forward. In order to finance these major initiatives and strengthen our balance sheet, we have been announcing a fully underwritten rights issue. Let me now deep dive into Q1. We had to face two very different realities. The first one was about Europe, Middle East and Africa, APAC and Latin America, where we have been delivering i...