Electrolux AB (ELUX_A) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome to the presentation of Electrolux Q3 report. I'm Ann-Sofie Jönsson, Head of Investor Relations and Sustainability Reporting. I'm here with our CEO, Yannick Fallin, and our CFO, Therese Friberg. We will run through the presentation and after that, we will open up for the Q&A session. If you are viewing on the web, do feel free to put your questions in the chat throughout the presentation. And with that, I hand over to Jannick. Thank you very much, Anne-Sophie. Good morning and good day to all of you. Very happy to be with you for this third quarter report. I will start with very general comments. I mean, growth is one of our strategical pillars, and I'm very glad to say that we have been growing once again in the third quarter. We have been increasing our net sales by 4.6%, mainly driven by North America. I'm also very glad to share that we have been growing our market share in the three regions here with our main brands, Electrolux, AEG and Frigidaire. We have been taking our operating margin to 2.8% with a good progress on cost reduction. We have been adding to the 2 billion we achieved in the first half of the year an additional 800 million SEC. And afterwards, I've been sharing with you in the last quarters the aim we have to get faster and more agile moving forward. And I'm very glad to announce some organizational changes which will be putting us closer to the end consumer. Moving to the results. As I said, I mean, we have been growing our net sales by 4.6%, mainly driven by North America, where we have been gaining in terms of shop floor spaces, and we have been expanding in key channels like the contract channels. In Europe, Asia Pacific, Middle East and Africa, we have been growing slightly in subdued market with quite a lot of price pressure. In Lati...