Electrolux (ELUX) AGM 2026 summary

Opening remarks and agenda

• Meeting opened by the Chairman, with board members, CEO, and secretary present; meeting conducted in Swedish with English interpretation.

• Site participation and live web streaming enabled for shareholders; voting list and agenda approved.

• Security, practical instructions, and Q&A procedures outlined for attendees.

Board and executive committee updates

• Board and committees met 35 times in 2025, with high attendance and regular evaluation of board effectiveness.

• Strategic Planning Committee established as a temporary measure to support management, with focus on strategic direction.

• Board visited China and Thailand to assess market and operational developments.

Financial performance review

• 2025 turnover reached SEK 131 billion, with 3.9% organic growth and SEK 3.7 billion EBIT.

• SEK 4 billion in cost efficiencies delivered, positive cash flow of SEK 2 billion, and operating profit improved.

• North America saw 6.1% organic sales growth and reduced losses, but profitability remains a challenge.

• S&P rating at BB- with stable outlook; leverage at 3, aiming for below 2 mid- to long-term.