Electrolux AB (ELUX_A) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Electrolux, há 11 meses na vida do Zequinha. Há 7 anos na vida da Mari e do seu amigo Ted. Há 32 anos na vida do Gabriel. Há 72 anos na vida da Carmen e da Nair. Electrolux, há 100 anos no Brasil, celebrando a vida. Welcome to the presentation of Electrolux Group's second quarter result 2026. I'm Ann-Sofi Jönsson, Head of Investor Relations and Sustainability Reporting. Today we're running a webcast and a phone conference simultaneously and you will hear us but not see us as you typically do as we have to postpone the report date from the original date of the 17th until today as a result of the completion of the rights issue at the end of June. We will open up for Q&A after the presentation. With me today, I have Yannick Salan, RCO, and Therese Freyberg, RCO. So now I hand over to you, Yannick. Thank you, Ann-Sofi, and again, very warm welcome to all of you for the second quarter presentation 2026. This quarter is marking a very important milestone for the Elecrates Group. At the beginning of December last year, we presented an overarching strategic direction for Electrex. This included a top priority to improve our business in North America. In this quarter, we announced an important step for the transformation of the region, a strategic partnership with Media for food preservation and fabric care business. This partnership is introducing a new operational model for parts of the business and will be a major contributor to improved performance in the future. We also announced global organizational efficiency and footprint initiatives and successfully completed a right issue of about 9 billion Swedish kronor. We strengthened our balance sheet and took us one step closer to our ambition to have a leverage of about twice EBITDA. Let's speak now about Q2. Organic sales g...