Electrolux Group reports Q2 2026 financial results
Electrolux Group's net sales increased slightly in Q2 2026, driven by growth in EMEA APAC and Latin America, while North America saw a decline.
Electrolux Group announced its financial results for the second quarter of 2026, reporting a net sales figure of SEK 31,569 million, up from SEK 31,276 million in the same period last year. The company achieved an organic sales growth of 2.0%, an improvement from 1.8% in the prior year. This growth was primarily fueled by increased sales volumes in the Europe, Middle East & Africa and Asia Pacific (EMEA APAC) regions, as well as in Latin America.
Conversely, North America experienced a decline in organic sales, which the company attributed to weaker market conditions. This regional downturn offset some of the gains seen elsewhere in the group.
Operating income, excluding non-recurring items (NRIs), rose to SEK 1,202 million, yielding a margin of 3.8%. This marks a significant improvement from the 2.5% margin reported in the second quarter of the previous year. Profitability saw notable enhancements in the EMEA APAC and Latin America segments. The operating income in North America benefited...