Electrolux AB (ELUX_A) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Just like the beautiful, scratch-resistant sapphire mats, it's the Electrolux HOB for better living, designed in Sweden. Very welcome to the presentation of our second quarter result today. I'm Ann-Sofie Jönsson, Head of Investor Relations. And with me today, I have our CEO, Jannic Fyrling, and our CFO, Therese Friberg. We will run through the presentation and then we will open up for a Q&A session. For those of you who are viewing on the web, Please feel free to put your questions in the chat throughout the whole presentation and we pick it up after in the Q&A session. So with that, very welcome again and over to you, Yannick. Thank you very much, Anne-Sophie. Good morning to all of you. I'm very happy to be with you for these second quarter results. I will start with a few highlights. The first positive news we have to share with you is that we have been outperforming the markets with our three major brands, Electrolux, AEG and Frigidaire. The second point is about our operating margin. We have been improving our operating margin from 1.2% to 2.5% with a highlight, which is a positive operating margin in North America. And we have been delivering these results in an environment which has been pretty challenging with a very volatile geopolitical environment. So good progress on the short term side of the equation, but we have been making as well pretty good progress together with a team on the ambitions we want to develop mid and long term. Let me deep dive into the numbers. First, we are reporting an organic growth of 1.8%, mainly driven by North America and Latin America and partly offset by a slight decline in Europe, Asia, Pacific, Middle East and Africa here. The price was overall positive, mainly driven by price increases in the North American market and in LA...