Electrolux Professional AB (publ) (EPRO_B) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and welcome to Electrax Professional Group Q1 result presentation. My name is Jakob Rubai. I'm heading up Investor Relations and Corporate Communications. And with me, as always, I have Alberto Zanatta, CEO, and Fabio Sarpilon, CFO. And let's get started immediately. Alberto, please, I hand over to you. Thank you, Jakob. Good morning to everybody. Q1, we closed Q1 with challenging results. We reported declining sales and declining profitability compared to Q1 of last year. Looking into the results, not everything was negative. Indeed, we had a very good performance in Europe, in food Europe in particular, where we continued to grow sales and profitability along the trend, the last year trend. In the quarter, we also finally reported a change in trend in Japan. Japan market was challenging all along 2025, and in the quarter, growth, slight growth was back, both in laundry and in food and beverage. The performance in Asia-Pac, not impacted yet by the Middle East crisis, was We reported declining sales, but just because of a comparison with the previous year quarter where we had the large orders that did not repeat in 2026. Reality, the underlying business is improving in the Apmea region. The only area where we have, the two areas where we had decline declining performances is US food and beverage where the negative trend started after the summer 2025 continued also in Q1 this year and laundry but laundry it is important to mention that the underlying performances have been positive we grew volume and we reported the negative sales and margin only because of the impact of tariff and currency not yet compensated with price also this one is a comment that is important to underline we have in place price increases that will compensate currency and tariffs on ...