Interim report
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P. 1Electrolux Professional Group – INTERIM REPORT Q2 2025 CEO COMMENTS FINANCIAL OVERVIEW DEFINITIONS SHAREHOLDERS INFORMATION FINANCIAL REPORTSFIRST PAGE Second quarter, April–June 2025 > Net sales amounted to SEK 3,195m (3,268), a decrease of 2.2%. Organically, sales increased by 2.4%. The acquisition of Adventys in 2024 contributed with 0.2%. Currency translation had a negative impact of 4.8%. > EBITA amounted to SEK 392m (410), corresponding to a margin of 12.3% (12.5). > Operating income amounted to SEK 340m (353), corresponding to a margin of 10.6% (10.8). > Income for the period amounted to SEK 217m (230), and earnings per share was SEK 0.75 (0.80). > Operating cash flow after investments amounted to SEK 305m (392). Interim report Key ratios SEKm Apr–Jun 2025 Apr–Jun 2024 Change, % Jan–Jun 2025 Jan–Jun 2024 Change, % Net sales 3,195 3,268 –2.2 6,268 6,323 –0.9 EBITA* 392 410 –4.3 755 736 2.7 EBITA margin, %* 12.3 12.5 12.1 11.6 Operating income* 340 353 –3.8 645 624 3.5 Operating margin, %* 10.6 10.8 10.3 9.9 Income after financial items 318 313 1.6 603 550 9.5 Income for the period 217 230 –5.8 416 401 3.6 Earnings per share, SEK¹ 0.75 0.80 1.45 1.40 Operating cash flow after investments* 305 392 479 576 Operating working capital % of net sales* n/a n/a 15.9 17.4 *) Alternative performance measures used in this report are explained on pages 23–24. 1) Basic number of outstanding shares. Q2
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P. 2CEO commentsElectrolux Professional Group – INTERIM REPORT Q2 2025 FINANCIAL REPORTS DEFINITIONS SHAREHOLDERS INFORMATIONFIRST PAGE FINANCIAL OVERVIEWCEO COMMENTS The second quarter of 2025 showed organic growth in both segments. Sales are developing well, but the impact from currency had at nega- tive effect on profit compared to last year. The global macroeconomic situation continues to be uncertain, but demand has so far been good with continued positive sales development in the US, and the Asia Pacific, Middle East and Africa region finally returning to growth. Good growth in Food & Beverage Sales of Food & Beverage increased by 3.3% organically, driven by strong growth in the Americas, Asia Pacific, Middle East and Africa, while sales in Europe declined slightly. EBITA margin declined somewhat compared to last year, due to higher operational costs, but also due to weak sales in Beverage. US tariffs had no material impact. Order intake for Food & Beverage was significantly higher than last year in all regions. Improved margin in Laundry Organically, sales of Laundry increased by 1.0%. Sales in the US were down at the beginning of the quarter due to uncertainty about tariffs but improved towards the end of the quarter. EBITA margin improved somewhat, despite a significant negative impact from currency equivalent to 2.5% in margin. US tariffs had no material impact. Order intake was somewhat higher than a year ago. Improved sustainability rating I am proud to report that EcoVadis, a provider of business sustainability ratings, has awarded us the prestigious Gold Medal, placing us in the top 5% of companies globally in terms of sustainable business practices. In addition, we have estab- Food & Beverage back to organic growth, US continues to be strong The global macroeconomic situation continues to be uncertain, but demand has so far been good with continued positive sales development. Alberto Zanata, President and CEO lished a framework for green financing to further integrate the company’s climate change mitiga- tion ambition into our financing set-up. Focus on cost efficiency Sales and order intake developed well during the quarter, but profitability did not improve due to the currency impact and higher operational costs. We will maintain a higher pace in R&D during 2025 and 2026, due to large investments in both Laundry and Cooking. During the quarter, we have had a limited im- pact from the current tariffs and, if these levels remain, we should be able to mitigate the impact for the rest of the year. Alberto Zanata, President and CEO So far, given the macroeconomic uncertainty, we have not been able to offset the currency impact. However, this is our aim medium term. In parallel, we will increase our focus on general cost efficiency to make our company leaner, more agile and productive. The combination of inno- vation and cost efficiency will support our ability to future-proof the Group. These actions make me confident that we should be able to improve our performance going forward. Alberto Zanata, President and CEO
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P. 3Financial overviewElectrolux Professional Group – INTERIM REPORT Q2 2025 CEO COMMENTS FINANCIAL OVERVIEW FINANCIAL REPORTS DEFINITIONS SHAREHOLDERS INFORMATIONFIRST PAGE Development during the second quarter, April–June 2025 Financial overview Net sales Net sales for the second quarter amounted to SEK 3,195m (3,268), a decrease of 2.2% compared to the same period last year. Organically, sales increased by 2.4%. The acquisition of Adventys contributed by 0.2%. Currency had a negative impact of 4.8%. Sales in Food & Beverage increased organically by 3.3%, and sales in Laundry, increased organically by 1.0%. Organically, sales in Europe decreased by approximately 1%, while sales in Americas increased by approximately 9% and in Asia- Pacific, Middle East and Africa by 6%. Changes in net sales, % Apr–Jun 2025 Apr–Jun 2024 Organic growth* 2.4 –0.7 Acquisitions* 0.2 5.9 Divestments* – – Changes in exchange rates –4.8 –1.6 Total –2.2 3.7 *) Alternative performance measures used in this report are explained on pages 23–24. Operating income and EBITA Operating income excluding amortization of intangible assets (EBITA) amounted to SEK 392m (410), corresponding to a margin of 12.3% (12.5). Operating income amounted to SEK 340m (353), corresponding to a margin of 10.6% (10.8). Currency, and high operational costs have had a negative impact on EBITA. The impact from currency is equivalent to 0.9% in EBITA margin. Financial net Net financial items amounted to SEK –22m (–40). The Finance net is lower due to lower debt. Income for the period Income for the second quarter amounted to SEK 217m (230), cor- responding to SEK 0.75 (0.80) in earnings per share. Income tax for the period amounted to SEK –101m (–83). The tax rate for the second quarter was 31.8% (26.5). The income tax rate was higher, partially due to tax on internal dividends. Group common cost Group common cost was SEK –44m (–45). Net sales per market, April-June 2025 Europe 59% (60) Asia-Pacific, Middle-East, Africa 16% (15) Americas 25% (25) Net sales by segment, April-June 2025 Food & Beverage 62% (62) Laundry 38% (38) Sales and EBITA margin Sales EBITA margin SEKm % 20252024 0 500 1,000 1,500 2,000 2,500 3,000 3,500 Q2Q1Q4Q3Q2Q1 0 2 4 6 8 10 12 14
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P. 4Financial overviewElectrolux Professional Group – INTERIM REPORT Q2 2025 CEO COMMENTS FINANCIAL OVERVIEW FINANCIAL REPORTS DEFINITIONS SHAREHOLDERS INFORMATIONFIRST PAGE Development during the year, January–June 2025 Net sales Net sales for the first six months amounted to SEK 6,268m (6,323), a decrease of 0.9% compared to the same period last year. Organically, sales increased by 1.0%. The acquisition of Adventys contributed by 0.4%. Currency had an effect of –2.3%. Sales in Food & Beverage increased organically by approximately 1%, and sales of Laundry were flat. Organically, sales in Europe were flat, and increased by approximately 4% in Americas, but declined by approximately 1% in Asia-Pacific, Middle East and Africa. Changes in net sales, % Jan–Jun 2025 Jan–Jun 2024 Organic growth* 1.0 –2.5 Acquisitions* 0.4 6.9 Divestments* – – Changes in exchange rates –2.3 –1.2 Total –0.9 3.3 *) Alternative performance measures used in this report are explained on pages 23–24. Operating income and EBITA Operating income excluding amortization of intangible assets (EBITA) amounted to SEK 755m (736), corresponding to a margin of 12.1% (11.6). Currency had a negative effect on the EBITA margin. The corresponding period of last year was burdened by integration related costs of SEK 45m. Operating income amounted to SEK 645m (624), corresponding to a margin of 10.3% (9.9). Financial net Net financial items amounted to SEK –43m (–73). The finance net is lower due to lower debt and currency impact. Income for the period Income for the first six months amounted to SEK 416m (401), corre- sponding to SEK 1.45 (1.40) in earnings per share. Income tax for the period amounted to SEK –187m (–149). The tax rate for the first six months was 31.0% (27.1). The income tax was higher, partially due to tax on internal dividends. Group common cost Group common cost was SEK –80m (–85). Net sales per market, January–June 2025 Europe 59% (60) Asia-Pacific, Middle-East, Africa 17% (17) Americas 24% (23) Net sales by segment, January-June 2025 Food & Beverage 61% (62) Laundry 39% (38)
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P. 5Financial overviewElectrolux Professional Group – INTERIM REPORT Q2 2025 CEO COMMENTS FINANCIAL OVERVIEW FINANCIAL REPORTS DEFINITIONS SHAREHOLDERS INFORMATIONFIRST PAGE Segment Food & Beverage Net sales and EBITA margin Sales EBITA margin SEKm % 0 500 1,000 1,500 2,000 2,500 Q2Q1Q4Q3Q2Q1 20252024 0 5 10 15 20 25 In the second quarter, Food & Beverage sales were SEK 1,987m (2,041), a decrease of 2.7% compared to the same period last year. Organically, sales increased by 3.3%, the acquisition of Adventys contributed by 0.3%, and currency had an effect of –6.2%. Sales increased in Americas by approximately 8%, by 13% in Asia-Pacific, Middle East and Africa (APMEA), but declined by approximately 1% in Europe. The increase in sales in Americas was driven by continued sales growth to chains, but also sales growth to institutions. The sales increase in APMEA is particularly strong in the Middle East that has returned to growth. The sales decline in Europe is against a very strong development in South Europe in the corre- sponding quarter of last year, but also lower sales in Beverage. Operating income excluding amortization of intangible assets (EBITA) amounted to SEK 232m (252), corresponding to a margin of 11.7% (12.3). The decline in EBITA is due to country mix, lower sales of Beverage, and higher operational costs. Operating income amounted to SEK 193m (211), corresponding to a margin of 9.7% (10.3). SEKm Apr–Jun 2025 Apr–Jun 2024 Change, % Jan–Jun 2025 Jan–Jun 2024 Change, % Full-year 2024 Net sales 1,987 2,041 –2.7 3,846 3,893 –1.2 7,585 Organic growth, % 3.3 –4.3 1.1 –3.9 –2.7 Acquisitions, % 0.3 2.8 0.7 2.9 3.3 Changes in exchange rates, % –6.2 –1.7 –3.0 –1.3 –1.0 EBITA 232 252 –7.8 421 453 –7.0 808 EBITA margin, % 11.7 12.3 11.0 11.6 10.6 Operating income 193 211 –8.2 338 372 –9.2 637 Operating margin, % 9.7 10.3 8.8 9.6 8.4
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P. 6Financial overviewElectrolux Professional Group – INTERIM REPORT Q2 2025 CEO COMMENTS FINANCIAL OVERVIEW FINANCIAL REPORTS DEFINITIONS SHAREHOLDERS INFORMATIONFIRST PAGE Net sales and EBITA margin Sales EBITA margin SEKm % 0 500 1,000 1,500 2,000 Q2Q1Q4Q3Q2Q1 0 5 10 15 20 20252024 Segment Laundry In the second quarter, Laundry sales were SEK 1,208m (1,227), a de- crease by 1.6% compared to the same period last year. Organically, sales increased by 1.0%, and currency had an impact of –2.6%. Sales increased organically by approximately 9% in Americas, but declined by 1% in Europe, and were flat in Asia-Pacific, Middle East and Africa. Sales in the US were down at the beginning of the quarter due to uncertainty about tariffs but improved towards the end of the quarter Operating income excluding amortization of intangible assets (EBITA) amounted to SEK 204m (203), corresponding to a margin of 16.9% (16.5). Operating income amounted to SEK 190m (187), corresponding to a margin of 15.8% (15.2). EBITA margin improved despite a significant negative impact from currency. The impact from currency is equiva- lent to 2.5% in EBITA margin. SEKm Apr–Jun 2025 Apr–Jun 2024 Change, % Jan–Jun 2025 Jan–Jun 2024 Change, % Full-year 2024 Net sales 1,208 1,227 –1.6 2,422 2,430 –0.3 4,998 Organic growth, % 1.0 6.7 1.0 0.3 4.5 Acquisitions, % – 12.1 – 14.4 14.2 Changes in exchange rates, % –2.6 –1.4 –1.3 –0.8 –0.6 EBITA 204 203 0.5 414 367 12.6 811 EBITA margin, % 16.9 16.5 17.1 15.1 16.2 Operating income 190 187 1.8 387 337 15.0 752 Operating margin, % 15.8 15.2 16.0 13.8 15.0
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P. 7Financial overviewElectrolux Professional Group – INTERIM REPORT Q2 2025 CEO COMMENTS FINANCIAL OVERVIEW FINANCIAL REPORTS DEFINITIONS SHAREHOLDERS INFORMATIONFIRST PAGE Net sales, EBITA and operating income by segment Cash flow Operating cash flow after investments amounted to SEK 305m (392). Account receivables and accounts payables had a negative effect while inventory contributed positively. SEKm Apr–Jun 2025 Apr–Jun 2024 Jan–Jun 2025 Jan–Jun 2024 Full-year 2024 Food & Beverage Net sales 1,987 2,041 3,846 3,893 7,585 EBITA 232 252 421 453 808 Amortization –39 –41 –83 –81 –170 Operating income 193 211 338 372 637 Laundry Net sales 1,208 1,227 2,422 2,430 4,998 EBITA 204 203 414 367 811 Amortization –13 –16 –27 –31 –59 Operating income 190 187 387 337 752 Group common costs EBITA –44 –45 –80 –85 –158 Amortization –0 –0 0 –0 –1 Operating income –44 –45 –80 –85 –159 Total Group Net sales 3,195 3,268 6,268 6,323 12,583 EBITA 392 410 755 736 1,461 Amortization –53 –57 –110 –112 –230 Operating income 340 353 645 624 1,231 Financial items, net –22 –40 –43 –73 –133 Income after financial items 318 313 603 550 1,097 Taxes –101 –83 –187 –149 –295 Income for the period 217 230 416 401 803 SEKm Apr–Jun 2025 Apr–Jun 2024 Jan–Jun 2025 Jan–Jun 2024 Full-year 2024 Operating income 340 353 645 624 1,231 Depreciation 78 83 160 162 333 Amortization 53 57 110 112 230 Other non-cash items 10 8 8 –0 21 Operating income adjusted for non-cash items 480 502 923 897 1,815 Change in inventories 41 –48 –136 –75 60 Change in trade receivables –194 –125 –253 –274 0 Change in trade payables –24 124 25 254 133 Change in other operating assets, liabilities and provisions 76 16 47 –122 –148 Operating cash flow 379 468 606 681 1,860 Investments in tangible and intangible assets –73 –76 –122 –106 –316 Changes in other investments –1 1 –4 1 4 Operating cash flow after investments 305 392 479 576 1,548 Operating cash flow after investments SEKm 0 100 200 300 400 500 600 Q2Q1Q4Q3Q2Q1 20252024
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P. 8Financial overviewElectrolux Professional Group – INTERIM REPORT Q2 2025 CEO COMMENTS FINANCIAL OVERVIEW FINANCIAL REPORTS DEFINITIONS SHAREHOLDERS INFORMATIONFIRST PAGE Operating working capital Operating working capital as percentage of rolling 12 months net sales amounted to 15.9% in the second quarter compared to 17.4% in the same period of 2024. Financial position Net debt As of June 30, 2025, Electrolux Professional Group had a financial net debt position (excluding lease liabilities and post- employment provisions) of SEK 1,956m compared to SEK 2,090m as of December 31, 2024. Lease liabilities amounted to SEK 302m and net provisions for post-employment benefits amounted to SEK 19m. In total, net debt amounted to SEK 2,277m as of June 30, 2025, compared to SEK 2,481m as of December 31, 2024. Long-term bor- rowings amounted to SEK 2,272m. Short term borrowings amounted to SEK 617m. Total borrowings amounted to SEK 2,888m compared to SEK 2,968m as of December 31, 2024. Liquid funds as of June 30, 2025, amounted to SEK 933m com- pared to SEK 878m as of December 31, 2024. Changes in credit facilities and loans As of June 30, 2025, the Group had SEK 1,300m issued under its SEK 5,000m MTN programme, and issuances under the Group's SEK 2,000m commercial paper programme were SEK 420m. During the quarter, the Group amortized EUR 6.7m on its Group’s sustainability linked loan. At the end of the quarter, the Group's revolving credit facility of EUR 200m was unutilized. None of the loans and credit facilities contain any financial covenants. *) Alternative performance measures used in this report are explained on pages 23–24. 1) Whereof interest-bearing liabilities amounting to SEK 2,855m as of June 30, 2025, SEK 3,455m as of June 30, 2024 and SEK 2,894m as of December 31, 2024. 2) Rolling four quarters. Operating working capital as percentage of sales Operating working capital as percentage of rolling 12 months net sales End of period Operating working capital as percentage of annualized latest 3 months net sales 202420232022 10 15 20 25 Q2Q1Q4Q3Q2Q1Q4Q3Q2Q1Q4Q3Q2 2025 Net debt SEKm June 30, 2025 June 30, 2024 December 31, 2024 Short-term loans 435 573 383 Short-term part of long-term loans 149 851 153 Short-term borrowings 584 1,425 535 Financial derivative liabilities 19 24 51 Accrued interest expenses and prepaid interest income 14 28 23 Total short-term borrowings 617 1,476 610 Total long-term borrowings 2,272 2,030 2,358 Total borrowings¹ 2,888 3,506 2,968 Cash and cash equivalents 766 731 794 Liquid funds 766 731 794 Financial derivative assets 165 182 82 Prepaid interest expenses and accrued interest income 2 2 2 Liquid funds and other 933 914 878 Financial net debt (total borrowings less liquid funds and other) 1,956 2,593 2,090 Lease liabilities 302 376 362 Net provisions for post-employment benefits 19 138 29 Net debt* 2,277 3,106 2,481 Net debt/EBITDA ratio* 1.3 1.9 1.4 EBITDA*, 2 1,811 1,625 1,794
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P. 9Financial overviewElectrolux Professional Group – INTERIM REPORT Q2 2025 CEO COMMENTS FINANCIAL OVERVIEW FINANCIAL REPORTS DEFINITIONS SHAREHOLDERS INFORMATIONFIRST PAGE Parent Company The Parent Company’s activities include head office as well as production and sales in and from Sweden. Net sales and financial position for the Parent Company, Net sales for the Parent Company, Electrolux Professional AB, for the period from January 1 to June 30, 2025 amounted to SEK 1,617m (1,566) of which SEK 654m (644) referred to sales to Group Companies and SEK 963m (922) to external customers. Income after financial items was SEK 549m (324). Income for the period amounted to SEK 538m (265). Capital expenditure in tangible and intangible assets was SEK 52m (11). Cash and cash equivalents at the end of the period amounted to SEK 626m, as against SEK 616m in the beginning of the year. Undistributed earnings in the Parent Company at the end of the period amounted to SEK 7,448m, as against SEK 7,176m at the be- ginning of the year. During the second quarter 2025, Electrolux Professional AB has received internal dividends of 565m (43). On May 14, 2025, Electrolux Professional AB paid a dividend of SEK 244m to its shareholders. The income statement and balance sheet for the Parent Company are presented on page 19. Risk and uncertainty factors Electrolux Professional Group is an international group with a wide geographic spread and is thus exposed to a number of business and financial risks. Risk management in Electrolux Professional Group aims to identify, control and reduce risks. The risk factors are described in the Annual Report and consists of strategic risks, op- erational risks, industry risks, sustainability risks and financial risks. Compared to the Annual Report, which was issued on April 2, 2025, and the subsequent frequent announcements by the US administra- tion on tariffs, it is possible that any new reciprocal tariffs on imports into the United States and its impact on the global economy, could have an adverse impact on the Group’s business and financial position. Other disclosures Conversion of shares According to Electrolux Professional’s articles of association, owners of A-shares have the right to have such shares converted to B-shares. Conversion reduces the total number of votes in the Company. 1,995 shares were converted in the second quarter. The total number of registered shares in the company on June 30, 2025, amounted to 287,397,450 of which 8,027,342 are Series A and 279,370,108 are Series B. The total number of votes amounted to 35,964,352.8. Employees The number of employees at the end of the quarter was 4,307 (4,365). Events after the balance sheet day After the end of the reporting period, no significant events have taken place that could affect the company’s operations. Annual General Meeting 2025 Electrolux Professional’s Annual General Meeting was held on May 7, 2025, in Stockholm. The shareholders were also able to exercise their voting rights by advance postal voting. The parent company’s and the Group’s income statements, and balance sheets were adopted, and it was resolved that a dividend of SEK 0.85 per share should be distributed for the financial year 2024. All members of the Board of Directors were re-elected, except Lorna Donatone who had chosen to decline re-election, and Shannon Garcia was elected as new member of the Board of Directors. Deloitte AB was re-elected as auditor for a period until next Annual General Meeting. A performance-based, long term share program for 2025 including hedging measures related thereto was approved, with similar conditions to previous year.
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P. 10Financial overviewElectrolux Professional Group – INTERIM REPORT Q2 2025 CEO COMMENTS FINANCIAL OVERVIEW FINANCIAL REPORTS DEFINITIONS SHAREHOLDERS INFORMATIONFIRST PAGE Stockholm July 22, 2025 Electrolux Professional AB (publ) Kai Wärn Chairman of the Board Katharine Clark Board member Shannon Garcia Board member Josef Matosevic Board member Hans Ola Meyer Board member Daniel Nodhäll Board member Joachim Nord Board member, Employee representative Jens Pierard Board member, Employee representative Martine Snels Board member Carsten Voigtländer Board member Alberto Zanata President and CEO The Board of Directors and the President and CEO certify that the interim report gives a true and fair overview of the Parent Company Electrolux Professional AB and the Group’s operations, their financial position and results of operations and describes significant risks and uncertainties facing the Parent Company and other companies in the Group. This is a translation of the Swedish language original. In the event of any differences between this translation and the Swedish language original, the latter shall prevail.
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P. 11Financial overviewElectrolux Professional Group – INTERIM REPORT Q2 2025 CEO COMMENTS FINANCIAL OVERVIEW FINANCIAL REPORTS DEFINITIONS SHAREHOLDERS INFORMATIONFIRST PAGE Review Report Introduction We have reviewed the interim report for Electrolux Professional AB (publ) for the period January 1 – June 30, 2025. The Board of Directors and the CEO are responsible for the preparation and pre- sentation of this interim report in accordance with IAS 34 and the Annual Accounts Act. Our responsibility is to express a conclusion on this interim report based on our review. Scope of Review We conducted our review in accordance with the International Standard on Review Engagements ISRE 2410, Review of Interim Financial Information Performed by the Independent Auditor of the Entity. A review consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying an- alytical and other review procedures. A review has a different focus and is substantially less in scope than an audit conducted in accor- dance with ISA and other generally accepted auditing practices. The procedures performed in a review do not enable us to obtain a level of assurance that would make us aware of all significant mat- ters that might be identified in an audit. Therefore, the conclusion expressed based on a review does not give the same level of assur- ance as a conclusion expressed based on an audit. Conclusion Based on our review, nothing has come to our attention that causes us to believe that the interim report is not, in all material respects, prepared for the Group in accordance with IAS 34 and the Annual Accounts Act, and for the Parent Company in accordance with the Annual Accounts Act. Stockholm, 22 July 2025 Deloitte AB Jonas Ståhlberg Authorized Public Accountant
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P. 12Financial overviewElectrolux Professional Group – INTERIM REPORT Q2 2025 CEO COMMENTS FINANCIAL OVERVIEW FINANCIAL REPORTS DEFINITIONS SHAREHOLDERS INFORMATIONFIRST PAGE This year marks the 80th anniversary of Dito Sama, a brand renowned for high-quality food preparation equipment since its establishment in 1945 in France. The brand has evolved from hand-operated slicers to a wide range of practical solutions for kitchen operations. In 1987, Dito Sama joined the Group, enhancing its global presence while maintaining its French roots. Dito Sama offers an array of equipment, including mixers and vegetable slicers, focusing on innovation to meet the needs of food professionals. Electrolux Professional Group has received the EcoVadis Gold Sustainability Rating 2025, placing the company in the top 5% of assessed companies globally. This recognition underscores our dedication to sus- tainable practices in environmental, social, and ethical areas, validating our responsible business efforts. The gold medal reflects our commitment to excellence and strengthens our position as a preferred supplier in the hospitality sector. Dito Sama Celebrating eight decades of culinary innovation Sustainability EcoVadis Gold rating
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P. 13Financial reportsElectrolux Professional Group – INTERIM REPORT Q2 2025 CEO COMMENTS FINANCIAL OVERVIEW FINANCIAL REPORTS DEFINITIONS SHAREHOLDERS INFORMATIONFIRST PAGE Consolidated statement of total comprehensive income SEKm Apr–Jun 2025 Apr–Jun 2024 Jan–Jun 2025 Jan–Jun 2024 Full-year 2024 Net sales 3,195 3,268 6,268 6,323 12,583 Cost of goods sold –2 082 –2,117 –4,050 –4,118 –8,261 Gross operating income 1,113 1,151 2,219 2,205 4,322 Selling expenses –524 –532 –1,077 –1,036 –2,049 Administrative expenses –250 –264 –499 –543 –1,040 Other operating income/expenses 1 –3 2 –3 –3 Operating income 340 353 645 624 1 231 Financial income¹ 163 215 396 301 515 Financial expenses² –184 –255 –438 –374 –649 Financial items, net –22 –40 –43 –73 –133 Income after financial items 318 313 603 550 1,097 Taxes –101 –83 –187 –149 –295 Income for the period 217 230 416 401 803 Items that will not be reclassified to income for the period: Remeasurement of provisions for post-employment benefits 1 3 7 0 106 Income tax relating to items that will not be reclassified 0 –1 –2 –0 –13 Total 1 2 5 –0 93 SEKm Apr–Jun 2025 Apr–Jun 2024 Jan–Jun 2025 Jan–Jun 2024 Full-year 2024 Items that may be subsequently reclassified to income for the period: Cash flow hedges –7 –3 –6 4 2 Net investment hedges 18 63 62 61 2 Exchange-rate differences on translation of foreign operations –59 –123 –555 102 329 Cost of hedging 8 10 8 25 35 Income tax relating to items that may be reclassified 9 –13 24 –33 –32 Total –32 –67 –466 159 336 Other comprehensive income, net of tax –31 –64 –461 159 429 Total comprehensive income for the period 186 166 –45 561 1,231 Income for the period attributable to: Equity holders of the Parent Company 217 230 416 401 803 Total 217 230 416 401 803 Total comprehensive income for the period attributable to: Equity holders of the Parent Company 186 166 –45 561 1,231 Total 186 166 –45 561 1,231 For income attributable to the equity holders of the Parent Company: Basic, SEK 0.75 0.80 1.45 1.40 2.79 Diluted, SEK 0.75 0.80 1.45 1.40 2.79 Average number of shares Basic, million 287.4 287.4 287.4 287.4 287.4 Diluted, million 287.4 287.4 287.4 287.4 287.4 1) Includes realized and unrealized FX gains of SEK 135m (178) Apr-Jun 2025, SEK 330m (240) Jan-Jun 2025, and SEK 391m Full-year 2024. 2) Includes realized and unrealized FX losses of SEK –129m (–178) Apr-Jun 2025, SEK –310m (–239) Jan-Jun 2025, and SEK –387m Full-year 2024. Financial reports
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P. 14Financial reportsElectrolux Professional Group – INTERIM REPORT Q2 2025 CEO COMMENTS FINANCIAL OVERVIEW FINANCIAL REPORTS DEFINITIONS SHAREHOLDERS INFORMATIONFIRST PAGE Consolidated balance sheet SEKm June 30, 2025 June 30, 2024 December 31, 2024 ASSETS Non-current assets Property, plant and equipment, owned 1,715 1,673 1,810 Property, plant and equipment, right-of-use 290 363 348 Goodwill 4,128 4,391 4,552 Other intangible assets 1,254 1,485 1,457 Deferred tax assets 356 489 404 Pension plan assets 116 4 116 Other non-current assets 98 37 104 Total non-current assets 7,958 8,442 8,791 Current assets Inventories 1,921 1,998 1,899 Trade receivables 2,273 2,419 2,117 Tax assets 158 74 72 Other current assets 443 504 401 Cash and cash equivalents 766 731 794 Total current assets 5,561 5,725 5,285 Total assets 13,519 14,167 14,075 SEKm June 30, 2025 June 30, 2024 December 31, 2024 EQUITY AND LIABILITIES Equity attributable to equity holders of the Parent Company Share capital 29 29 29 Other paid-in capital 5 5 5 Other reserves 247 537 713 Retained earnings 5,117 4,443 4,950 Equity attributable to equity holders of the Parent Company 5,397 5,014 5,697 Total equity 5,397 5,014 5,697 Non-current liabilities Long-term borrowings 2,272 2,030 2,358 Long-term lease liabilities 185 243 227 Deferred tax liabilities 283 291 308 Provisions for post-employment benefits 136 141 145 Other provisions and liabilities 282 314 331 Total non-current liabilities 3,157 3,020 3,368 Current liabilities Trade payables 2,110 2,245 2,172 Tax liabilities 339 453 279 Other liabilities 1,696 1,739 1,764 Short-term borrowings 584 1,425 535 Short-term lease liabilities 117 133 135 Other provisions 118 140 125 Total current liabilities 4,964 6,133 5,010 Total equity and liabilities 13,519 14,167 14,075
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P. 15Financial reportsElectrolux Professional Group – INTERIM REPORT Q2 2025 CEO COMMENTS FINANCIAL OVERVIEW FINANCIAL REPORTS DEFINITIONS SHAREHOLDERS INFORMATIONFIRST PAGE Change in consolidated equity SEKm Jan–Jun 2025 Jan–Jun 2024 Full-year 2024 Opening balance 5,697 4,705 4,705 Total comprehensive income for the period –45 561 1 231 Share-based incentive program –1 –7 6 Equity swap for share-based incentive program –9 –15 –15 Dividend to shareholders of the Parent Company –244 –230 –230 Total transactions with equity holders –254 –251 –239 Closing balance 5,397 5,014 5,697
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P. 16Financial reportsElectrolux Professional Group – INTERIM REPORT Q2 2025 CEO COMMENTS FINANCIAL OVERVIEW FINANCIAL REPORTS DEFINITIONS SHAREHOLDERS INFORMATIONFIRST PAGE Consolidated cash flow statement SEKm Apr–Jun 2025 Apr–Jun 2024 Jan–Jun 2025 Jan–Jun 2024 Full-year 2024 Operations Operating income 340 353 645 624 1,231 Depreciation and amortization 131 140 270 274 563 Other non-cash items 10 8 8 –0 21 Financial items paid, net¹ –24 –48 –42 –59 –122 Taxes paid –66 –63 –178 –105 –333 Cash flow from operations, excluding change in operating assets and liabilities 390 391 703 733 1,360 Change in operating assets and liabilities Change in inventories 41 –48 –136 –75 60 Change in trade receivables –194 –125 –253 –274 0 Change in trade payables –24 124 25 254 133 Change in other operating assets, liabilities and provisions 76 16 47 –122 –148 Cash flow from change in operating assets and liabilities –101 –34 –317 –217 45 Cash flow from operations 289 357 386 517 1,405 Investment activities Acquisition of operations – –240 – –1,142 –1,142 Capital expenditure in property, plant and equipment –54 –69 –90 –93 –275 Capital expenditure in product development –6 –1 –11 –3 –9 Capital expenditure in other intangibles –13 –6 –22 –10 –31 Other –1 1 –4 1 4 Cash flow from investment activities –74 –315 –127 –1,247 –1,454 Cash flow from operations and investments activities 215 42 260 –731 –49 SEKm Apr–Jun 2025 Apr–Jun 2024 Jan–Jun 2025 Jan–Jun 2024 Full-year 2024 Financing Change in short-term borrowings, net² 141 84 111 –208 –459 New long-term borrowings – – – 2,500 2,900 Amortization of long-term borrowings –64 9 –64 –1,478 –2,182 Payment of lease liabilities –31 –33 –64 –64 –134 Dividend –244 –230 –244 –230 –230 Equity swap for share-based incentive program –9 –15 –9 –15 –15 Cash flow from financing –208 –184 –271 506 –120 Total cash flow 7 –142 –11 –225 –169 Cash and cash equivalents at beginning of period 764 877 794 959 959 Exchange-rate differences pertaining to cash and cash equivalents –5 –5 –17 –3 4 Cash and cash equivalents at end of period 766 731 766 731 794 1) For the period January 1 to June 30: interest and similar items received SEK 19m (41), interest and similar items paid SEK –58m (–86) and other financial items received/paid SEK 5m (–6). Interest paid for lease liabilities SEK –8m (–8). 2) Of which short-term loans with a duration of more than 3 months for the period January 1 to June 30 new loans SEK 297m (–), repaid loans SEK –m (–).
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P. 17Financial reportsElectrolux Professional Group – INTERIM REPORT Q2 2025 CEO COMMENTS FINANCIAL OVERVIEW FINANCIAL REPORTS DEFINITIONS SHAREHOLDERS INFORMATIONFIRST PAGE Quarterly data SEKm Q2 2025 Q1 2025 Full year 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Food & Beverage Net sales 1,987 1,859 7,585 1,913 1,778 2,041 1,852 EBITA 232 189 808 183 171 252 201 EBITA margin, % 11.7 10.2 10.6 9.6 9.6 12.3 10.9 Amortization –39 –44 –170 –46 –43 –41 –39 Operating income 193 145 637 137 128 211 162 Operating margin, % 9.7 7.8 8.4 7.2 7.2 10.3 8.7 Laundry Net sales 1,208 1,214 4,998 1,416 1,152 1,227 1,203 EBITA 204 210 811 255 189 203 165 EBITA margin, % 16.9 17.3 16.2 18.0 16.4 16.5 13.7 Amortization –13 –14 –59 –14 –14 –16 –15 Operating income 190 196 752 241 175 187 150 Operating margin, % 15.8 16.2 15.0 17.0 15.2 15.2 12.4 Group common costs –44 –36 –159 –39 –35 –45 –40 Total Group Net sales 3,195 3,073 12,583 3,329 2,931 3,268 3,055 EBITA 392 363 1,461 400 325 410 326 EBITA margin, % 12.3 11.8 11.6 12.0 11.1 12.5 10.7 Amortization –53 –58 –230 –60 –58 –57 –55 Operating income 340 306 1,231 339 268 353 271 Operating margin, % 10.6 9.9 9.8 10.2 9.1 10.8 8.9 Financial items, net –22 –21 –133 –31 –29 –40 –33 Income after financial items 318 285 1,097 308 239 313 237 Income for the period 217 199 803 215 187 230 171 Earnings per share, SEK¹ 0.75 0.69 2.79 0.75 0.65 0.80 0.60 1) Basic number of outstanding shares.
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P. 18Financial reportsElectrolux Professional Group – INTERIM REPORT Q2 2025 CEO COMMENTS FINANCIAL OVERVIEW FINANCIAL REPORTS DEFINITIONS SHAREHOLDERS INFORMATIONFIRST PAGE Alternative performance measures key figures Exchange rates Shares SEKm Apr–Jun 2025 Apr–Jun 2024 Jan–Jun 2025 Jan–Jun 2024 Full-year 2024 Net sales 3,195 3,268 6,268 6,323 12,583 Organic growth, %* 2.4 –0.7 1.0 –2.5 –0.1 EBITA* 392 410 755 736 1,461 EBITA margin, %* 12.3 12.5 12.1 11.6 11.6 EBITA excl. items affecting comparability*, ¹ 392 410 755 736 1,461 EBITA margin excl. items affecting comparability, %*, ¹ 12.3 12.5 12.1 11.6 11.6 Operating income* 340 353 645 624 1,231 Operating margin, %* 10.6 10.8 10.3 9.9 9.8 Operating income excl. items affecting comparability*, ¹ 340 353 645 624 1,231 Operating margin excl. items affecting comparability, %*, ¹ 10.6 10.8 10.3 9.9 9.8 Income after financial items 318 313 603 550 1,097 Income for the period 217 230 416 401 803 Capital expenditure* –73 –76 –122 –106 –316 Operating cash flow after investments* 305 392 479 576 1,548 Earnings per share, SEK² 0.75 0.80 1.45 1.40 2.79 Net debt* n/a n/a 2,277 3,106 2,481 EBITDA*, ³ n/a n/a 1,811 1,625 1,794 Net debt/EBITDA ratio* n/a n/a 1.3 1.9 1.4 Operating working capital % of net sales* n/a n/a 15.9 17.4 16.4 Return on net assets, %* n/a n/a 15.6 15.5 15.1 End of period operating working capital, % of annualized net sales n/a n/a 16.3 16.7 13.8 Average number of shares, million² 287.4 287.4 287.4 287.4 287.4 Number of employees, end of period 4,307 4,365 4,307 4,365 4,317 *) Alternative performance measures used in this report are explained on pages 23–24. 1) For information on items affecting comparability, see page 22. 2) Basic numbers of outstanding shares. 3) Rolling four quarters. SEK June 30, 2025 June 30, 2024 December 31, 2024 Exchange rate Average End of period Average End of period Average End of period CNY 1.40 1.33 1.46 1.46 1.47 1.51 CZK 0.4438 0.4504 0.4547 0.4539 0.4547 0.4550 DKK 1.49 1.49 1.53 1.52 1.53 1.54 EUR 11.10 11.15 11.38 11.36 11.42 11.46 GBP 13.17 13.03 13.30 13.42 13.49 13.82 JPY 0.0684 0.0659 0.0691 0.0661 0.0699 0.0703 NOK 0.95 0.94 0.99 1.00 0.98 0.97 CHF 11.79 11.93 11.86 11.79 12.01 12.17 THB 0.3030 0.2924 0.2909 0.2889 0.3006 0.3212 TRY 0.2700 0.2394 0.3331 0.3228 0.3222 0.3119 USD 10.15 9.51 10.51 10.61 10.56 11.03 Number of shares A-shares B-shares Shares total Number of shares as of beginning of the year 8,029,337 279,368,113 287,397,450 Conversion of shares –1,995 1,995 – Number of shares as of end of period 8,027,342 279,370,108 287,397,450
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P. 19Financial reportsElectrolux Professional Group – INTERIM REPORT Q2 2025 CEO COMMENTS FINANCIAL OVERVIEW FINANCIAL REPORTS DEFINITIONS SHAREHOLDERS INFORMATIONFIRST PAGE Condensed Parent company income statement SEKm Apr–Jun 2025 Apr–Jun 2024 Jan–Jun 2025 Jan–Jun 2024 Full-year 2024 Net sales 832 818 1,617 1,566 3,346 Cost of goods sold –609 –574 –1,177 –1,107 –2,275 Gross operating income 223 244 440 459 1,071 Selling expenses –101 –113 –217 –223 –448 Administrative expenses –70 –68 –138 –137 –240 Other operating income/expenses –9 – –6 1 2 Operating income 43 63 79 100 385 Financial income/expenses 503 104 470 228 369 Impairment of shares in subsidiaries – –5 – –4 –1 Income after financial items 546 162 549 324 753 Appropriations – – – – 15 Income before taxes 546 162 549 324 768 Taxes –8 –32 –11 –59 –123 Income for the period 538 130 538 265 645 Condensed Parent company balance sheet SEKm June 30, 2025 June 30, 2024 Full-year 2024 ASSETS Non-current assets 9,450 9,645 9,750 Current assets 3,083 2,900 3,032 Total assets 12,533 12,545 12,782 EQUITY AND LIABILITIES Restricted equity 48 37 38 Non–restricted equity 7,448 6,778 7,176 Total equity 7,496 6,815 7,214 Untaxed reserves 76 88 76 Provisions 117 117 123 Non–current liabilities 2,272 2,030 2,358 Current liabilities 2,572 3,495 3,011 Total equity and liabilities 12,533 12,545 12,782
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P. 20Financial reportsElectrolux Professional Group – INTERIM REPORT Q2 2025 CEO COMMENTS FINANCIAL OVERVIEW FINANCIAL REPORTS DEFINITIONS SHAREHOLDERS INFORMATIONFIRST PAGE Notes Electrolux Professional Group applies International Financial Reporting Standards (IFRS) as adopted by the European Union. This report has been prepared in accordance with IAS 34, Interim Financial Reporting. The Group’s interim reports contain a con- densed set of financial statements. For the Group this chiefly means that the disclosures are limited compared to the annual report. Enumerated amounts presented in tables and statements may not always agree with the calculated sum of the related line items due to rounding differences. The aim is for each line item to agree with its source and therefore there may be rounding differences affecting the total when adding up the presented line items. The accounting principles adopted in the preparation of this interim report apply to all periods and comply with the accounting principles presented in the Group’s Annual Report 2024. For the Parent Company financial statements in general are presented in condensed versions and with limited disclosures compared to the annual report. The interim financial statements of Electrolux Professional AB have been prepared in accordance with the Swedish Annual Accounts Act chapter 9. The most recent annual financial statements of Electrolux Professional AB have been pre- pared in compliance with the Swedish Annual Accounts Act (1995:1554) and recommendation RFR2, Accounting for legal entities of the Swedish Financial Reporting Board. Reportable segments Food & Beverage and Laundry represent the Group’s reportable segments. Revenue from sales of products is recognized at a point in time, when control of the products has transferred. Revenue from services related to installation of products, repairs or maintenance service is recognized over the time the service is provided. Sales of these services are not material in relation to the Group’s total net sales. Geography is considered to be an important attribute when disaggregating the reportable segment’s revenue. Therefore, the table below presents net sales per geographical region based on the location of the end customer. Note 1 ACCOUNTING PRINCIPLES Note 2 DISAGGREGATION OF REVENUE Apr–Jun 2025 Apr–Jun 2024 SEKm Food & Beverage Laundry Total Food & Beverage Laundry Total Geographical region Europe 1,165 710 1,875 1,234 741 1,975 Asia Pacific, Middle East and Africa 238 268 507 219 275 494 Americas 584 229 813 588 211 799 Total 1,987 1,208 3,195 2,041 1,227 3,268 Jan–Jun 2025 Jan–Jun 2024 SEKm Food & Beverage Laundry Total Food & Beverage Laundry Total Geographical region Europe 2,221 1,491 3,712 2,315 1,458 3,774 Asia Pacific, Middle East and Africa 465 580 1,045 448 620 1,068 Americas 1,161 351 1,511 1,130 352 1,482 Total 3,846 2,422 6,268 3,893 2,430 6,323
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P. 21Financial reportsElectrolux Professional Group – INTERIM REPORT Q2 2025 CEO COMMENTS FINANCIAL OVERVIEW FINANCIAL REPORTS DEFINITIONS SHAREHOLDERS INFORMATIONFIRST PAGE The Group strives for arranging master-netting agreements (ISDA) with the counterparts for derivative transactions and has estab- lished such agreements with the majority of the counterparties, i.e., if a counterparty will default, assets and liabilities will be netted. Derivative assets and liabilities are presented gross in the balance sheet. Fair value estimation Valuation of financial instruments at fair value is done at quoted market prices. Level 1 instruments quoted on the market, e.g., the major bond and interest-rate future markets, are all marked-to market with the current price. The foreign-exchange spot rate is used to convert the value into SEK. For level 2 instruments where no observable price is available on the market, cash flows are dis- counted using the deposit/swap curve of the cash flow currency. If no proper cash flow schedule is available, e.g., as in the case with forward-rate agreements, the underlying schedule is used for valua- tion purposes. To the extent option instruments are used, the valuation is based on the Black & Scholes formula. The carrying value less impairment provision of trade receiv- ables and payables are assumed to approximate their fair values. The fair value of financial liabilities is estimated by discounting the future contractual cash flows at the current market interest rate. The Group’s financial assets and liabilities are measured according to the following hierarchy: Level 1: Quoted prices in active markets for identical assets or liabilities. Level 2: Inputs other than quoted prices included in Level 1 that are observable for assets or liabilities either directly or indirectly. Level 3: Inputs for the assets or liabilities that are not entirely based on observable market data. Note 3 FAIR VALUES AND CARRYING AMOUNTS OF FINANCIAL ASSETS AND LIABILITIES June 30, 2025 June 30, 2024 December 31 ,2024 SEKm Hierarchy level Fair value Carrying amount Fair value Carrying amount Fair value Carrying amount Per category Financial assets at fair value through profit and loss 3 5 5 13 13 14 14 Financial assets measured at amortized cost 3,039 3,039 3,149 3,149 2,912 2,912 Derivatives, financial assets at fair value through profit and loss 2 168 168 182 182 85 85 Total financial assets 3,211 3,211 3,344 3,344 3,010 3,010 Financial liabilities measured at amortized cost 4,995 4,966 5,477 5,700 5,149 5,065 Derivatives, financial liabilities at fair value through profit and loss 2 20 20 24 24 53 53 Total financial liabilities 5,015 4,986 5,501 5,723 5,202 5,118 Note 4 CONTINGENT LIABILITIES SEKm June 30, 2025 June 30, 2024 December 31, 2024 Group Guarantees and other commitments 11 11 11 Note 5 ACQUIRED OPERATIONS Acquisitions in 2025 No acquisitions during the second quarter. Acquisitions in 2024 For acquisitions, see note 5 in the interim report for the second quar- ter and note 25 in the annual report.
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P. 22Financial reportsElectrolux Professional Group – INTERIM REPORT Q2 2025 CEO COMMENTS FINANCIAL OVERVIEW FINANCIAL REPORTS DEFINITIONS SHAREHOLDERS INFORMATIONFIRST PAGE Operations by segment yearly Five year overview Items affecting comparability yearly SEKm 2020 2021 2022 2023 2024 Food & Beverage Net sales 4,198 4,704 7,290 7,616 7,585 EBITA* 87 299 679 766 808 EBITA, %* 2.1 6.4 9.3 10.1 10.6 Operating income* 35 244 542 620 637 Operating margin, %* 0.8 5.2 7.4 8.1 8.4 Laundry Net sales 3,065 3,159 3,747 4,231 4,998 EBITA 467 492 608 702 811 EBITA, % 15.2 15.6 16.2 16.6 16.2 Operating income 452 475 590 686 752 Operating margin, % 14.7 15.0 15.7 16.2 15.0 Group shared cost Operating income* –100 –128 –177 –152 –159 Total Group Net sales 7,263 7,862 11,037 11,848 12,583 EBITA 456 663 1,111 1,317 1,461 EBITA, % 6.3 8.4 10.1 11.1 11.6 Operating income 387 592 955 1,154 1,231 Operating margin, % 5.3 7.5 8.7 9.7 9.8 *) Alternative performance measure. SEKm, if not otherwise stated 2020 2021 2022 2023 2024 Net sales 7,263 7,862 11,037 11,848 12,583 Organic growth, % –21.0 10.6 16.9 2.6 –0.1 EBITA 456 663 1,111 1,317 1,461 EBITA, % 6.3 8.4 10.1 11.1 11.6 Operating income 387 592 955 1,154 1,231 Operating margin, % 5.3 7.5 8.7 9.7 9.8 Income after financial items 363 587 895 1,033 1,097 Income for the period 278 487 686 775 803 Items affecting comparability –77 – –35 – – Capital expenditure –273 –159 –139 –191 –316 Operating cash flow after investments 570 1 116 636 1,453 1,548 Earnings per share, SEK¹ 0.97 1.69 2.39 2.70 2.79 Dividend per share, SEK – 0.50 0.70 0.80 0.85 Net debt 549 1,705 2,050 1,390 2,481 EBITDA 684 886 1,369 1,581 1,794 Net debt/EBITDA ratio 0.8 1.9 1.5 0.9 1.4 Operating working capital % of net sales² 19.9 14.9 16.7 18.1 16.4 Average number of shares, million 287.4 287.4 287.4 287.4 287.4 Number of employees, end of period 3,515 3,973 4,022 3,978 4,317 1) Basic number of outstanding shares 2) Last twelve months currency adjusted SEKm 2020² 2021 2022¹ 2023 2024 Food & Beverage –55 – –16 – – Laundry –22 – –19 – – Total Group –77 – –35 – – 1) Costs related to divesting the operation in Russia, included in the line item other operating income and expenses. 2) Items affecting comparability relates to restructuring charges for efficiency measures.
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P. 23DefinitionsElectrolux Professional Group – INTERIM REPORT Q2 2025 CEO COMMENTS FINANCIAL OVERVIEW SHAREHOLDERS INFORMATIONFIRST PAGE DEFINITIONSFINANCIAL REPORTS Definitions and reconciliation of alternative performance measures Electrolux Professional Group presents certain measures that are not defined under IFRS (alternative performance measures – “APMs”). These are used by management to assess the financial and operational performance of the Group. Management believes that these APMs provide useful information regarding the Group’s financial and operating performance. Such measures may not be comparable to similar measures presented by other companies. Consequently, APMs have limitations as analytical tools and should not be considered in isolation or as a substitute for related financial measures prepared in accordance with IFRS. The APMs have been derived from the Group’s internal reporting and are not audited. The APM reconciliations can be found on the Group's website www.electroluxprofessionalgroup.com/reports-and-presentations/ APM Definition Reason for use Organic growth % Change in sales growth excluding net FX impact and acquisitions. The Group’s presentation currency is SEK while net sales are mainly in other currencies. Organic growth is dependent on fluctuations in SEK versus other currencies, and acquired or divested businesses can have a further impact on reported net sales. Organic growth adjusted for acquisitions, divest- ments and currency shows the underlying sales development without these parameters. Acquisitions % Change in net sales during the current period attributable to ac- quired operations in relation to prior year sales, following a period of 12 months commencing on the acquisition date. See "Organic growth" above. Divestments % Change in net sales during the current period attributable to divested operations in relation to the prior period’s sales, following a period of 12 months commencing on the divestment date. See "Organic growth" above. Operating income (EBIT) Earnings before interest and tax. Used as an indicator that shows the Group's ability to make a profit, regardless of the method of financing (determines the optimal use of debt versus equity). Operating margin (EBIT margin) Operating income expressed as a percentage of net sales. Operating margin shows the operating income as a percentage of net sales. Operating margin is a key internal measure as the Group believes it provides users of the financial statements with a better understanding of the Group’s financial performance both short and long term. Items affecting comparability Material profit or loss items such as capital gains and losses from divestments of product groups or major units, close-downs or significant down-sizing of major units or activities, significant im- pairment, and other major costs or income items. Summarizes events and transactions with significant effects, which are rele- vant for understanding the financial performance when comparing income for the current period with previous periods. Operating margin excluding items affecting comparability Operating income less items affecting comparability as a percent- age of net sales. Operating margin excluding items affecting comparability shows the oper- ating income as a percentage of net sales adjusted for the items affecting comparability defined above. This is a key internal measure as the Group believes that it provides users of the financial statements with a better un- derstanding of the Group’s financial performance both short and long term. Capital expenditure Investments in property, plant and equipment, product develop- ment, and other intangible assets. Used to ensure that cash spending is in line with the Group's overall strategy for the use of cash.
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P. 24DefinitionsElectrolux Professional Group – INTERIM REPORT Q2 2025 CEO COMMENTS FINANCIAL OVERVIEW SHAREHOLDERS INFORMATIONFIRST PAGE APM Definition Reason for use EBITA Operating income less amortization and write-down related to intangible assets (excluding right-of-use assets). EBITA gives an indication of the operating income less amortization and write-down related to intangible assets (excluding right-of-use assets), mainly used to follow up operating income without the impact of amortiza- tion of surplus values related to acquisitions. EBITA margin EBITA expressed as a percentage of net sales. Used to evaluate business performance in relation to net sales in order to measure the efficiency of the Group. EBITA excluding items affecting comparability Operating income less amortization and write-down related to intangible assets (excluding right-of-use assets) and less items affecting comparability. Items affecting comparability vary between years and periods and are excluded from EBITA in order to analyze trends. EBITA margin excluding items affecting comparability EBITA excluding items affecting comparability, expressed as a percentage of net sales. Items affecting comparability vary between years and periods and are excluded from EBITA margin in order to analyze trends. EBITDA EBITA less depreciation. This is an indicator of the cash-generating capacity of the business in relation to sales. Operating cash flow after investments Cash flow from operations and investments adjusted for financial items paid net, taxes paid, and acquisitions/divestments of opera- tions. To monetarize the cash from core operations. Net debt Shows short-term borrowings (short-term loans and trade receiv- ables with recourse), accrued interest expenses and prepaid interest income and long-term borrowings, lease liabilities, net provisions for post-employment benefits less liquid funds (cash and cash equiva- lents, prepaid interest expenses, and accrued interest income). Net debt describes the Group's total debt financing and is monitored by management. Net debt/EBITDA Net debt in relation to EBITDA (Net debt is based on the end-of- period balance. EBITDA is calculated based on last four rolling quarters). A measurement of financial risk, showing net debt in relation to cash generation. Operating working capital, % of net sales Sum of currency-adjusted last twelve months’ average of inven- tories, trade receivables, and trade payables (Operating working capital) as a percentage of the currency-adjusted last twelve months’ average net sales. All months of the period are currency adjusted by applying the end-of-period average currency rate. Used to evaluate how efficient the Group is in generating cash in relation to net sales. Net assets Total assets less liquid funds and pension assets minus non-interest- bearing liabilities. (non-interest-bearing = total liabilities less equity, total borrowings, pension liabilities and lease liabilities) Net assets describes the operating assets less operating liabilities used to run the business. Return on net assets, % Twelve months rolling operating income expressed as a percent- age of average twelve months operating net assets. Used to evaluate how efficiently the Group is generating profit from the net assets employed. End of period operating working capital, % of annualized net sales Sum of currency adjusted end of period trade receivables, trade payables and inventories (Operating working capital) as a per- centage of the annualized currency adjusted last three months’ average net sales. All months of the period are currency adjusted by applying the end of period average currency rate. Snapshot of how end of period operating working capital is evolving compared with average historical trend. DEFINITIONSFINANCIAL REPORTS
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P. 25Our targetsElectrolux Professional Group – INTERIM REPORT Q2 2025 CEO COMMENTS FINANCIAL OVERVIEW DEFINITIONSFIRST PAGE SHAREHOLDERS INFORMATIONFINANCIAL REPORTS Our strategic targets Our strategy for growth is based on the plans of our Business areas, and rests on four pillars, built on a foundation of operational excellence and sustainability in the supply chain. We want to do our part to improve society and generate value for our stakeholders. We believe that the Agenda 2030 and the UN’s Sustainable Development Goals (SDGs) are good indicators of the priorities and challenges that the world is facing. Financial targetsMeeting needs beyond tomorrow > Product development and innovation of smart products offering sustainable solutions. > Marketing focused on making our customers’ work-life easier, more profitable and truly sustainable. > Sales mainly through dealers and distributors. > Production World-class manufacturing focused on lower environmental impact and an excellent working environment. > Customer Care and sales of chemicals, accessories, spare parts and consumables. GROW through innovation and sustainability. EXPAND in high-margin products, segments, and geographies. BOOST Customer Care and service-as-a-solution. INVEST In digitalization to unlock additional customer value. Capital structure Net debt/EBITDA ratio below 2.5x Higher levels may be temporarily acceptable in the event of acquisitions, provided there is a clear path to de-leveraging. Profitability EBITA margin of 15% Net sales growth Organic annual growth of more than 4% over time, complemented by value-accretive acquisitions. Asset efficiency Operating working capital below 15% of net sales. Dividend policy Electrolux Professional’s target is for the dividend to correspond to approximately 30% of the income for the year. The timing, declaration, and number of future dividends will depend on the company’s financial situation, earnings, capital requirements, and debt service obligations. Our business
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P. 26Shareholders informationElectrolux Professional Group – INTERIM REPORT Q2 2025 CEO COMMENTS FINANCIAL OVERVIEW DEFINITIONSFIRST PAGE SHAREHOLDERS INFORMATIONFINANCIAL REPORTS President and CEO Alberto Zanata’s comments on the second quarter results 2025 Today’s press release is available on the Electrolux Professional Group website www.electroluxprofessionalgroup.com Telephone conference 09.00 CET A telephone conference is held at 09.00 today, July 22. Alberto Zanata, President and CEO and Fabio Zarpellon, CFO will comment on the report. Details for participation by telephone are as follows: Participants in Sweden: +46 8 505 100 31 Participants in UK/Europe: +44 207 107 0613 Participants in US: +1 631 570 5613 Slide presentations for download: www.electroluxprofessionalgroup.com Link to webcast: electrolux-professional-group.creo.se/012ca59d-6b91-4179-8aa7- 2093606b33ce For further information, please contact: Jacob Broberg, Chief Communication & Investor Relations Officer, +46 70 190 00 33 This information is information that Electrolux Professional AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation and the Securities Markets Act. The information was submitted for publication, through the agency of the contact person detailed in the column above, at 07:30 a.m. CET on July 22, 2025. Shareholders information Financial calendar Date Interim report Q3, July - September 2025 October 29, 2025 Investor Day, Stockholm November 6, 2025 Year-end report Q4, October - December 2025 January 29, 2026 Interim report Q1, January - March 2026 April 28, 2026 Annual General Meeting, Stockholm May 5, 2026 These key strengths and competitive advantages drive our development and performance, and they all provide a strong foundation for us to execute our strategy. Structurally growing end-markets We operate in a market that structurally has been growing driven by GDP growth, higher income, and people spending more time eating out of the home. Geographically balanced business Approximately half of our sales are in Europe and the other half equally distributed between the Americas and APAC-MEA. This makes us less dependent on any single geography and its economic progress. Track record of solid EBITA and cash flow We have always – even during the pandemic and other major economic downturns – been a profitable company generating strong cash conversion and cash flow. Focused plan to grow organically, supported by M&A We have the products and the activities in place to grow organically. In addition, we have been able to complete an average of one acquisition per year to further grow the company. Innovation focused In order to drive growth and profitability, and also to provide products that increase customer productivity and efficiency, we invest more in R&D than the industry average. Sustainability leader We are the sustainability leader in our industry, according to external rankings such as CDP, Sustainalytics, and EcoVadis. All new products we launch have improved sustainability performance. Why invest in Electrolux Professional?
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P. 27Shareholders informationElectrolux Professional Group – INTERIM REPORT Q2 2025 CEO COMMENTS FINANCIAL OVERVIEW FINANCIAL REPORTS DEFINITIONS SHAREHOLDERS INFORMATIONFIRST PAGE Electrolux Professional AB (publ), 556003-0354 Postal and visiting address: Franzéngatan 6, SE-112 51 Stockholm, Sweden Telephone: +46 8 41056450 Website: www.electroluxprofessionalgroup.com This report 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 uncertain- ties 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, currency fluctuations, develop- ments 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. About Electrolux Professional Group The Electrolux Professional Group is one of the leading global providers of food service, beverage, and laundry for professional users. Our innovative products and worldwide service network make our customers’ work-life easier, more profitable – and truly sustainable every day. Our solutions and products are manufactured in 14 plants in eight countries and sold in over 110 countries. We have approximately 4,300 employees. In 2024, the Electrolux Professional Group had global sales of SEK 12,5bn. Electrolux Professional’s B-shares are listed at Nasdaq Stockholm. For more information, visit https://www.electroluxprofessionalgroup.com CEO COMMENTS FINANCIAL OVERVIEW FINANCIAL REPORTS DEFINITIONS SHAREHOLDERS INFORMATIONFIRST PAGE