STOCKHOLM, Oct. 30, 2025 /PRNewswire/ --
Highlights of the third quarter of 2025
-- Net sales amounted to SEK 32,318m (33,286) with an organic sales growth
of 4.6% (6.2), mainly driven by strong growth in North America.
-- Operating income improved to SEK 890m (349) corresponding to an operating
margin of 2.8% (1.0), mainly driven by an improved result in North
America. In the third quarter of 2024, operating income included a
negative non-recurring item of SEK -368m related to the divestment of the
water heater business in South Africa.
-- Income for the period amounted to SEK 192m (-235) and earnings per share
were SEK 0.71 (-0.87).
-- Operating cash flow after investments was SEK 624m (1,053), negatively
impacted by a larger seasonal build-up of receivables compared to
previous year and a relatively high level of inventory.
-- Events after the close of the period: On October 30, Electrolux Group
announced changes to the organizational structure and Group Management.
President and CEO Yannick Fierling's comment
Continued growth in a challenging market environment
Organic sales growth was positive in the quarter, driven mainly by North America. In Europe, Asia Pacific, Middle East and Africa organic sales increased slightly. In both business areas our main brands gained market shares, supported by product launches during the year. In Latin America, our market position remained strong, with flat organic sales, on the back of strong growth in 2024.
Competitive pressure and promotional activity remained high in all regions. In Europe, market demand increased somewhat and in Asia-Pacific consumer demand is estimated to have decreased. In North America, demand remained resilient as industry market price adjustments did not reflect the implemented U.S. tariffs structure. In Latin America, consumer demand is estimated to have increased, with strong growth noted in Argentina. In Brazil, demand growth was hampered by inflationary pressure and increased interest rates.
Operating income improved, with good progress on cost savings
Operating income improved, with a significant improvement from North America. Despite a pressured pricing environment, in the third quarter we managed to compensate for the majority of U.S. tariff-related cost increases. The competitive situation is challenging adjustments of market prices to reflect the U.S. tariff structures and currency headwinds. In Europe, Asia-Pacific, Middle East and Africa, the underlying operating income was slightly lower mainly due to a negative price development. In Latin America, operating income declined primarily due to currency headwinds.
Cost efficiency contributed with SEK 0.8bn, and we continued to make good progress on delivering cost savings mainly from product engineering and procurement. Operating cash flow was positive, albeit at a lower level than last year due to a larger seasonal build-up of receivables compared to previous year, as well as a relatively high level of inventory.
Business outlook for the full-year partly revised
In the business outlook we have reduced our outlook for capital expenditure to approximately SEK 3.5-4bn from previously SEK 4-5bn.
Getting closer to the consumer
The continued investments in marketing and innovation are imperative for us to be able to offer consumer-relevant products. This quarter, AEG provided a strong example by introducing a new range of dishwashers developed on an entirely redesigned platform. To place our customers even more firmly at the center of everything we do, we are implementing changes within the Business Area Europe, Asia-Pacific, Middle East, and Africa. It will be divided into Region Europe, Middle East and Africa (EMEA) and Region Asia-Pacific (APAC). These changes are being made to strengthen customer focus in APAC. It will strengthen our regional capabilities, and further advance our strategic priorities in an evolving global market.
Webcast and telephone conference 09.00 CET
A video webcast and simultaneous telephone conference is held at 09.00 CET today, October 30. Yannick Fierling, President and CEO, and Therese Friberg, CFO, will comment on the report.
If you wish to participate via webcast, please use the link below. Via the webcast you are able to ask written questions.
https://edge.media-server.com/mmc/p/bvvnxmr6
If you wish to participate via telephone conference please register on the link below. After registration you will be provided phone numbers and a conference ID to access the conference. You can ask questions verbally via the telephone conference.
https://register-conf.media-server.com/register/BI86c47885278e45edbe2bedbb18fcd3d7
Presentation material available for download on the Investor relations section on electroluxgroup.com
For further information, please contact:
Ann-Sofi Jönsson, Head of Investor Relations and Sustainability Reporting
Email: ann-sofi.jonsson@electrolux.com
Phone: +46 730 251 005
Maria Åkerhielm, Investor Relations Manager
Email: maria.akerhielm@electrolux.com
+46 70 796 3856
Heny Sjölin, Investor Relations Manager
Email: henry.sjolin@electrolux.com
+46 76 863 51 85
Electrolux Press Hotline,
+46 8 657 65 07.
This is information that AB Electrolux is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, on 30-10-2025 07:00 CET.
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SOURCE Electrolux Group
(END) Dow Jones Newswires
October 30, 2025 02:26 ET (06:26 GMT)
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