Sweden's Electrolux Professional Q1 sales fall 9.1% on weak US demand, currency hit

Electrolux Professional AB (publ)

28/04/2026 06:39

Overview

Sweden food service and laundry provider's Q1 net sales fell 9.1%, organic sales down 2.5%

Q1 EBITA margin declined to 10.0% from 11.8%, mainly due to currency and soft US sales

Company completed Royal Range US asset acquisition and announced CEO transition effective May 2026

Outlook

Company expects benefits from price increases to offset currency impacts starting next quarter

Electrolux Professional anticipates efficiency program will deliver savings in 2026 and 2027

Company sees continued geopolitical and macroeconomic uncertainty, with limited business impact so far

Result Drivers

SOFT US SALES - Food & Beverage segment sales in the US remained weak, weighing on overall performance

CURRENCY IMPACT - Negative currency effects reduced sales and EBITA margin, especially in Laundry; price increases to offset currency are expected to benefit future quarters

EFFICIENCY PROGRAM - Cost-saving measures launched in September 2025 began to yield benefits, but were not enough to offset other negative drivers

Company press release: ID:nMFN5Wv74C

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
SEK 2.79 bln
Q1 EPS
SEK 0.55
Q1 Net Income
SEK 158 mln
Q1 EBIT
SEK 227 mln
Q1 EBITA
SEK 280 mln


Analyst Coverage

The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the industrial machinery & equipment peer group is "buy."

Wall Street's median 12-month price target for Electrolux Professional AB (publ) is SEK71.50, about 37.5% above its April 27 closing price of SEK52.00

The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 18 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)