Electrolux Professional AB interim report Q1 2025

First quarter, January–March 2025

• Net sales amounted to SEK 3,073m (3,055), an increase of 0.6%. Organically, sales decreased by 0.4%. The acquisition of Adventys contributed with 0.7%. Currency translation had a positive effect of 0.3%.
• EBITA amounted to SEK 363m (326), corresponding to a margin of 11.8% (10.7).
• Operating income amounted to SEK 306m (271), corresponding to a margin of 9.9% (8.9).
• Income for the period amounted to SEK 199m (171), and earnings per share was SEK 0.69 (0.60).
• Operating cash flow after investments amounted to SEK 175m (183).

Alberto Zanata, President and CEO:

“Increased profit and growing geopolitical uncertainty

The first quarter of 2025 was another step in the right direction. Although sales were at the same level as last year, the EBITA margin increased to 11.8% (10.7).

We are currently showing good business progress across the company, but the new US tariffs announced in April have created extensive global macroeconomic uncertainty. The consequences of these measures and the effects on the general business cycle are currently hard to assess, but have had no impact on demand to date.

Stable development for Food & Beverage
Food & Beverage declined by 1.2% organically. This was mainly driven by a weak development in Middle East, a weak start of the year for Beverage, and a sales decline from a very strong corresponding quarter last year in Europe. Sales in the US continued to develop positively.

EBITA margin declined slightly to 10.2% due to higher investments in marketing and R&D, as well as lower sales in APAC-MEA and in Beverage.

Order intake for Food & Beverage was higher than last year, driven by relatively strong US and APAC-MEA, while Europe was somewhat down compared to a strong reference last year.

Improved profitability for Laundry
Laundry sales grew by 0.9% organically despite a sales decline in the US after the strong inventory build-up during the fourth quarter of 2024.

EBITA margin improved to 17.3% driven by volume growth, and the burden of integration cost in the corresponding quarter of last year.

Order intake was lower than a year ago. Overall, Laundry has been developing well, with good progress in both Europe and the US.

Macroeconomic uncertainty
The new US tariffs will have some impact on our business since products imported to the US represents approximately 12% of Group sales. However, most of our Food products sold in the US are made in the US while Beverage products are imported to the US, mainly from Thailand. This means that for the Food & Beverage business, products imported to the US represent approximately 10% of the total segment. For the Laundry business, products are imported to the US from Sweden and Thailand and this business represents approximately 15% of total sales for the Laundry segment.

Based on the current tariff levels, the impact after mitigating activities is expected to be limited on the result in 2025.

We showed good business progress during the quarter with an order intake on a relatively good level. However, the current geopolitical and macroeconomic uncertainties makes it hard to predict how the market will develop. This said, we have so far been able to navigate uncertain situations, and we have proven to be resilient. We have initiated activities to mitigate a large part of the impact from the current tariffs. This makes me confident that we will be able to navigate this situation too.”

This information is information that Electrolux Professional AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person detailed below, at 07:30 a.m. CET on April 29, 2025.

For more information, please contact Jacob Broberg, Chief Communication & Investor Relations Officer +46 70 190 00 33