Brief: Electrolux Q1 Income Swings To Loss Of SEK 470 Million

Electrolux AB

24/04/2026 06:23

April 24 (Reuters) - Electrolux AB ELUXb.ST:

Q1 REVENUE SEK 29,543 MILLION VS. ESTIMATE SEK 30,504 MILLION

Q1 ORGANIC GROWTH 3.6% IN EUROPE, MIDDLE EAST AND AFRICA, ASIA PACIFIC

Q1 EBIT SEK -266 MILLION

Q1 ADJUSTED EBIT SEK 198 MILLION

Q1 EPS SEK -1.74

Q1 NET INCOME SEK -470 MILLION VS. ESTIMATE SEK 240 MILLION

Q1 OPERATING INCOME EXCLUDING NON-RECURRING ITEMS WAS SEK 198 MILLION (452)

Q1 2026 OPERATING INCOME SEK -266 MLN, MARGIN -0.9%, INCLUDES SEK -463 MLN NON-RECURRING ITEM

Q1 2026 INCOME SEK -470 MLN, EPS SEK -1.74

Q1 2026 OPERATING CASH FLOW AFTER INVESTMENTS SEK -4,566 MLN

BUSINESS OUTLOOK FOR 2026 REMAINS OVERALL UNCHANGED

ACHIEVES SEK 0.7 BLN COST EFFICIENCY IN Q1 2026, TARGETS SEK 3.5-4.0 BLN FOR FY 2026

MARKET OUTLOOK FOR NORTH AMERICA IN 2026 IS REVISED FROM "NEUTRAL TO NEGATIVE" TO "NEGATIVE"

MARKET OUTLOOK FOR BRAZIL IN 2026 IS CHANGED FROM "NEUTRAL" TO "POSITIVE"

NORTH AMERICA REPORTED WEAKER SALES REFLECTING A 10% DECLINE IN MARKET DEMAND, AND AN OPERATING LOSS IN QUARTER

MARKET OUTLOOK FOR EUROPE REMAINS "NEUTRAL".

MARKET DEMAND IN U.S. DECLINED SIGNIFICANTLY

PRICE LEVELS IN US NOT REFLECTING YEAR-OVER-YEAR COST INCREASE OF IMPLEMENTED U.S. TARIFFS

ON TRACK TO REACH THE COST EFFICIENCY OUTLOOK OF SEK 3.5-4.0 BLN FOR  FULL-YEAR 2026

IN THE FIRST QUARTER, WE SAW NOTABLE IMPROVEMENT IN TWO REGIONS WHILE NORTH AMERICA WAS MARKED BY A SIGNIFICANT MARKET DECLINE

Source

Further company coverage: [ELUXb.ST]

 (Gdansk Newsroom)

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