Sweden's Electrolux Professional Q2 sales fall on weakness in US and APAC-MEA

Electrolux Professional AB (publ)

22/07/2026 06:39

    

    Overview
  
Sweden food service and laundry equipment maker's Q2 net sales fell 5% yr/yr
Company said profit margins held steady, supported by US tariff refund and price increases
Operating cash flow after investments dropped due to higher working capital and efficiency program costs

    

    Outlook
  
Company expects pricing and surcharges to offset currency, tariff and logistics headwinds in H2
Electrolux Professional expects healthy order stock to convert into sales in the coming quarter
Company says efficiency program is progressing in line with plan and positive effects continue

    

    Result Drivers
  
WEAK US AND APAC-MEA SALES - Co said organic sales declined mainly due to weak US sales and postponed project deliveries in APAC-MEA
TARIFF REFUND AND PRICE INCREASES - EBITA was supported by a US tariff related refund of SEK 21m and positive price contribution, partly offset by higher raw material and logistics cost
STABLE LAUNDRY SEGMENT - Laundry sales were broadly stable, with profitability supported by the tariff refund and offset by higher costs

    
Company press release: ID:nMFN6TdDvw

    

    Key Details
  

            Metric
          

            Beat/Miss
          

            Actual
          

            Consensus Estimate
          
Q2 Revenue
 
SEK 3.04 bln
 
Q2 EPS
 
SEK 0.80
 
Q2 Net Income
 
SEK 230 mln
 
Q2 EBIT
 
SEK 323 mln
 
Q2 EBITA
 
SEK 377 mln
 

    

    Analyst Coverage
  
The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 3 "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 SEK70.00, about 59.3% above its July 21 closing price of SEK43.95
The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 15 three months ago

    

    Reuters Recommended Reads
  
July 21 - Sweden's Alfa Laval Q2 sales rise 6%, beat estimates
July 21 - Germany's GEA Group raises 2026 outlook after Q2 preliminary results exceeded internal targets
July 22 - Finland's Atria Q2 net sales rise on retail, foodservice growth

    
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(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.)