Slides
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Results presentationYannick Fierling, President and CEOTherese Friberg, CFOAnn-Sofi Jönsson, Head of IR & Sust. reporting Q32026
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Electrolux Group Q3 2026 Group transformation accelerated … •Midea Group partnership in North America operational•Manufacturing footprint optimization according to plan, with closure of Anderson, U.S. and Rosario, Argentina. Discussion in Italy according to plan•Organization optimization progressing with resources focused closer to consumers and markets Strong strategic execution in the quarter •Continued geopolitical uncertainty and high competitive pressure •Significant external headwinds from Middle East conflict and U.S. tariffs•Subdued European market, with weak consumer sentiment•Significant market growth slowdown in Brazil …in a challenging market environment
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Electrolux Group Q3 2026 3 Organic sales growth, significant external headwindsTransformation•Anderson U.S. factory re-purposing started, Rosario, Argentina factory closed, and discussion in Italy according to planOrganic sales•Organic sales growth, with positive development across all regions•Higher volumes in EMEA APAC and Latin America supported growth, while price development was positive in North America•Electrolux and AEG continued to gain market share in EuropeEBIT•SEK 1.4bn cost efficiency contribution, mainly from product cost reductions•Significant external headwinds due to Middle East conflict with higher raw material and logistic costs, and U.S. tariff costs *Non-recurring items (NRI) SEKmQ32026Q32025ChangeNet sales33,91932,3185.0%Organic growth3.5%4.6%-1.1ptsDivestments--0.9%0.9ptsCurrency1.5%-6.6%8.0ptsEBIT607890-31.8%Margin1.8%2.8%-1.0ptsEBIT excl. NRI9128902.4%EBIT margin excl. NRI2.7%2.8%-0.1pts EBIT excl. NRIs* and margin (SEKm)
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Electrolux Group Q3 2026 4 Transformation•Closure of factory in Jászberény, Hungary, expected end of 2026•Discussion with trade unions and institutions regarding footprint and organization optimization in Italy according to planOrganic sales•European demand remained subdued•Organic sales increased, driven by volume and mix•Continued market share gains in EuropeEBIT•Stable operating income despite significant external headwinds due to Middle East conflict with higher raw material and logistic costs Europe, Middle East & Africa and Asia-Pacific SEKmQ32026Q32025ChangeNet sales14,17613,6823.6%Organic growth2.8%1.7%1.2ptsDivestments--2.2%2.2ptsCurrency0.8%-4.2%5.0ptsEBIT5275220.9%Margin3.7%3.8%-0.1ptsEBIT excl. NRI5275220.9%EBIT margin excl. NRI3.7%3.8%-0.1pts EBIT excl. NRIs* and margin (SEKm) *Non-recurring items (NRI)
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Electrolux Group Q3 2026 Market demand in Europe unchanged European core appliances market - total European shipments, quarterly unit comparison y-o-y Source: Electrolux estimates. As from Q1 2020, Russia is excluded. Electrolux estimates are subject to restatement. 5 Market -8% in Q3 2026 vs. Q3 2019
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Electrolux Group Q3 2026 6 North America SEKmQ32026Q32025ChangeNet sales12,03311,7822.1%Organic growth2.4%10.9%-8.6ptsCurrency-0.2%-7.9%7.7ptsEBIT-24425N/AMargin-2.0%0.2%-2.2ptsEBIT excl. NRI-9025N/AEBIT margin excl. NRI-0.7%0.2%-1.0pts EBIT excl. NRIs** and margin (SEKm) Transformation•North American Midea Group partnerships operationalOrganic sales•U.S. market demand declined approximately 5%*•Negative mix development as consumers continued to trade down•A positive price development supported organic sales growth, despite lower volumesEBIT•Significant external headwinds from U.S. tariffs, raw material, logistic costs and currency•Cost efficiency impact and positive price development, partly mitigated higher external factors Q3 included previously announced negative non-recurring items, of which SEK -154m refers to the strategic partnership with Midea Group, announced on April 23 *Source: The AHAM Factory Shipment Report for Core Appliances. Q3 2026 is a comparison of weeks between July 28, 2026 – September 26, 2026 vs July 29, 2025 – September 27, 2025. Core appliances include AHAM 6 (Washers, Dryers, Dishwashers, Refrigerators, Freezers, Ranges and Ovens) and Cooktops. AHAM data is subject to restatement.**Non-recurring items (NRI)
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Electrolux Group Q3 2026 Decline in U.S. market demandU.S. core appliances market - U.S. shipments, quarterly unit comparison y-o-y *Source: The AHAM Factory Shipment Report data shown in the graph and table above, Q3 2026 is a comparison of weeks between June 28, 2026 – September 26, 2026 vs June 29, 2025 – September 27, 2025. Core appliances include AHAM 6 (Washers, Dryers, Dishwashers, Refrigerators, Freezers, Ranges and Ovens) and Cooktops. AHAM data is subject to restatement. 7
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Electrolux Group Q3 2026 8 Strategic partnership with Midea Group operational Anderson Manufacturing JV: •Food preservation production closed 31 July. Repurposing into Fabric Care manufacturing operational September 1.•Production of Fabric Care products to start late 1H 2027.Sales JV, and Juarez Manufacturing JV:•Operational October 1. Sales JVFood Preservation 35%Juarez Manufacturing JVFood Preservation 55%Anderson Manufacturing JVFabric Care 50% %Ownership in JVs Three joint ventures with Midea Group
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Electrolux Group Q3 2026 9 Transformation•Closure of factory, Rosario, Argentina•Strong Direct-to-Consumer channel executionOrganic sales•Significantly slower market growth in Brazil, with an estimated market demand growth approx. 2%*•High interest rates, inflation and competitive pressure continued to affect consumer spendingEBIT •Cost efficiency, an overpaid tax recovery claim and higher volumes offset negative price and external factors•Earnings negatively impacted by a customer-related provision and SEK-151m negative NRI* related to the Argentina factory closure Latin America Q3 included previously announced negative non-recurring items, SEK -151m refers to Latin America and closure in Argentina. SEKmQ32026Q32025ChangeNet sales7,7106,85412.5%Organic growth6.6%0.3%6.3ptsCurrency5.9%-8.8%14.6ptsEBIT43339210.5 %Margin5.6%5.7%-0.1ptsEBIT excl. NRI58439249.0%EBIT margin excl. NRI7.6%5.7%1.9pts EBIT excl. NRIs** and margin (SEKm) *Brazil. Based on Electrolux market analysis **Non-recurring items (NRI)
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Electrolux Group Q3 2026 10 Costefficiencyimprovement Achieved YTD Planned Cost reduction1 2026 y-o-y, SEKbnSEK 4.0bn targeted cost reductions in 2026—Acceleration of product cost reductions—Increased material sourcing from best-cost countries—Continue to accelerate benefits from global scale Major drivers of SEK 1.4bn cost reduction in Q3: —Increased operational efficiency with good contributions from sourcing and product cost-outSEK 3.4bn SEK appr. 4bn 1 Cost reduction refers to item cost efficiency in the EBIT-bridge published as part of the Q3 report.2 Average number of employees for 2025 has been restated for comparability. 40,45738,701December 31, 2025September 30, 2026Organizational optimization—Leaner organization with greater share of resources closer to consumer and markets—Average number of FTEs reduced Average number of FTE2
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Therese Friberg, CFO Q32026
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Electrolux Group Q3 2026 12 Q3 Sales and EBIT Bridge 1 Investments in consumer experience innovation and marketing, comprise of costs for R&D, marketing/brand, connectivity, CRM, aftermarket sales capability, etc. 2 Efficiencies in variable costs (excl. raw material, energy, trade tariffs, and labor cost inflation >2%) and structural costs (excl. consumer experience innovation and marketing). 3 Comprise raw material costs, energy costs, trade tariffs (SEK 310m recognized tariff refund claims) as well as direct and indirect currency impact and labor cost inflation >2%. Currency translation amounted to SEK 34m on EBIT and 1.5%, on net sales. SEKmQ32025Volume/price/mixInnovation/ marketing1 Cost efficiency2External factors3Acquisition/ divestmentQ32026 Net Sales32,3181,146 45533,919Growth %3.5% 1.5%5.0%EBIT excl NRI890122-741,359-1,385912EBIT excl NRI %2.8% 2.7 %Accretion/Dilution0.3 pts-0.2 pts4.0 pts-4.2 pts
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Electrolux Group Q3 2026 13 Q3 – Non-recurring items (NRI) SEKmQ3 2026Nine months2026EMEA APAC—-623North America-154-1,638*Latin America-151-715Group commoncosts, etc.——Total Group-305-2,976North America: Q3 included previously announced negative non-recurring items of SEK -154m refers to the strategic partnership with Midea in North America, announced on April 23Latin America: Q3 included previously announced negative non-recurring items, SEK -151m refers to Latin America and closure in Argentina.*Includes a positive NRI from tariff refunds of SEK 450m in the second quarter. Total negative NRIs related to the Midea Group partnership for the first nine months SEK 2,087m. Q3 NRIs for Initiatives announced on April 23, 2026:Strategic partnership with Midea in Region NA:Total NRIs in Q3 SEK -154m Global optimized organization and footprint:Total NRIs in Q3 SEK -151m
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Electrolux Group Q3 2026 14 Operating Cash Flow *Before acquisitions and divestments SEKm Q32026Q32025 EBIT 607890 D/A and other non-cash items1,1561,298 Change in operating assets and liabilities2,619-714 Investments in intangible and tangible assets-814-826 Changes in other investments41-24 Cash flow after investments*3,608624 Main drivers: •Improved working capital•Other operating assets, liabilities and provisions includes U.S. tariff refunds of appr. SEK 1bn related to previously submitted IEEPA claims.
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Electrolux Group Q3 2026 15 Electrolux Group strategic partnership with Midea Group consisting of three joint ventures: •Change in consolidated equity:Midea Groupconsideration of SEK 413 million in “Change in non-controlling interest”. •Cash payment of SEK 261m in “Divestment and partnership transactions” in cash flow statement.•Deferred consideration in “Other current assets”. •Assets and liabilities related to the manufacturing joint venture in Juarez are reported as "Assets held for sale" and "Liabilities related to assets held for sale" in the balance sheet per end September 2026. Midea Group strategic partnership in North America - impact on reporting 1) Manufacturing JV Anderson 100% consolidated. Non-controlling interest share of result.2) Sales JV 100% consolidated. •Midea Group 50% recognized as non-controlling interest as of October 1. Non-controlling interest share of result.3) Manufacturing JV in Juarez: •Electroluxsold 65% •Ownership stake of 35% reported as Shares in associates as of October 1.•Result from shares in associate Q4 2026 1)Manufacturing joint venture (JV) in Anderson for Fabric Care production. Electrolux holds 55% after 45% wassold to Midea Group on September 1, 2026. This entity will be 100% consolidated. Operational from September 1, 2026. 2)Sales JV for Food Preservation products. Electrolux holds 50% after 50% was sold to Midea Group on October 1, 2026. This entity will be 100% consolidated. Operational from October 1, 2026.3)Manufacturing JV in Juarez, Mexico. Electrolux holds 35% after 65% wassold to Midea Group on October 1, 2026. Ownership stake will be reported as shares in associate. Operational from October 1, 2026. Q3 2026
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Electrolux Group Q3 2026 16 Solid liquidity and maturity profile•SEK 34.7bn in liquidity incl. RCF as per September 30, 2026•No financial covenants in any loan agreements •S&P Global Ratings with BBB-, stable outlook •Aim to continuing to strengthen balance sheet and be at solid investment grade rating‒Net debt/EBITDA of 2.2x as per September 30, 2026‒Over time net debt/EBITDA should not exceed 2.0x Data as per Sep 30, 2026 02468 202206202209202212202303202306202309202312202403202406202409202412202503202506202509202512202603202606202609 Net debt/EBITDA 0246810 202620272028202920302031- Long-term borrowings, by maturitySEKbn 2.2x
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Market and Business outlook Electrolux Group Q3 2026
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Market outlook FY 2026per region Europe North America BrazilPositive Neutral Electrolux estimates for industry shipments of core appliances, units year-over-yearNote: Market outlook assumes no significant additional impact from the global geopolitical situation. Presented October 23, 2026. 18 Negative Electrolux Group Q3 2026
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Electrolux Group Q3 2026 19 Electrolux business outlook partly revised 2026 1 Business outlook range: Positive –Neutral –Negative, in terms of impact on earnings2 This outlook is based on the US trade policies situation as of 22thOctober, 20263 Comprise of costs of R&D, marketing/brand, connectivity, CRM and aftermarket sales capability, etc.4 Efficiencies in variable costs (excl. raw materials, energy, trade tariffs, and labor cost inflation >2%) and structural costs(excl. consumer experience innovation and marketing). 5 Comprise raw material costs, energy costs, trade tariffs, direct and indirect currency impact and labor cost inflation >2%.Outlook of "Significantly negative" earnings impact FY 2026from External factors is based on US trade policies situation as of 22thOctober, 2026. Note: Business outlook in the above table excludes non-recurring items. Market and business outlook assume no significant additional impact from the global geopolitical situation Business Outlook1y-o-yFY 2026CommentsVolume/price/mix2 NeutralInvestments in consumer experience innovation and marketing3 Negative, increased investmentsIncreased investments in innovation and marketing to support brand-building and create long-term value Cost efficiency4 Positiveappr. SEK 4.0bnProduct cost-out and procurement savings main drivers for cost reduction External factors5 Significantly negativeExpected additional costs related to extended U.S. Section 232 import tariffs applicable since April 6, 2026. Significant headwinds from Middle East conflict with increased logistics and raw material costs.Capital expenditureAppr. SEK 3.0-3.5bn
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Electrolux Group Q3 2026 20 Improve North America Profitable growth Strengthen market position Cost reductions & increased efficiency Agility & speed Main priorities •Midea Group strategic partnership in North America operational •Organic sales growth across all regions •Strengthened market position in North America and Europe, with a continued strong position Brazil•Continued execution of global organizational and footprint initiatives:oHungary factory close-down planned for end 2026, production ceased in Chile, Argentina factory closed, and discussions on footprint and organizational optimization in Italy progressing according to plan•Delivered cost efficiency improvement of SEK 1.4bn•Focus on delivering the transformation plan for Electrolux Group Q3 2026 Q3 highlights: Strategic execution on track
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Electrolux Group Q3 2026 21 Factors affecting forward-looking statementsThis presentation contains “forward-looking” statements that reflect the company’s current expectations. Although the company believes that the expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations prove to have been correct as they are subject to risks and uncertainties that could cause actual results to differ materially due to a variety of factors. These factors include, but are not limited to, changes in consumer demand, changes in economic, market and competitive conditions, supply and production constraints, currency fluctuations, developments in product liability litigation, changes in the regulatory environment and other government actions. Forward-looking statements speak only as of the date they were made, and, other than as required by applicable law, the company undertakes no obligation to update any of them in light of new information or future events.
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Electrolux Group Q3 2026 22 Q&A
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Electrolux Group Q3 2026 23 Appendix
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Electrolux Group Q3 2026 Earnings contribution from price/mixBusiness AreaQ3, y-o-yComments on Q3 y-o-y Europe, Middle East & Africa and Asia-PacificNegativeIncreased promotions and negative price, partly offset by positive mix North AmericaPositivePrice is positive, with a negative mix effect Latin AmericaNegativeIncreased promotions and negative price, slightly offset by positive mix Group EBIT % accretion-0.5 ptsIncreased promotions and negative price, slightly offset by positive mix 24