Electrolux Professional (EPRO) Q3 2026 earnings summary

Executive summary

• Q3 net sales rose 4.6% YoY to SEK 2,947m, with 3.4% organic growth across both segments and all three regions.

• EBITA was SEK 372m at a 12.6% margin; excluding the SEK 26m US tariff refund, the margin was 11.8%, versus 11.6% excluding prior-year comparability items.

• Strong cash generation lifted operating cash flow after investments to SEK 407m and brought net debt/EBITDA to 1.0x.

• YTD net sales declined 3.4% to SEK 8,775m, while EBITA increased 21.4% to SEK 1,029m.

Financial highlights

• Gross margin was 36.1%, versus 34.8% in Q3 2025 excluding items affecting comparability; higher volume, pricing and restructuring benefits offset cost pressures.

• Operating income was SEK 317m versus SEK 37m; income after financial items was SEK 303m versus SEK 15m, and net income was SEK 212m versus SEK 40m.

• EPS was SEK 0.74 versus SEK 0.14, supported by stronger EBITA and lower funding costs.

• Positive currency translation supported reported sales; currency transaction effects added SEK 10m, while transportation costs weighed on margins.

• Q3 2025 included SEK 235m of restructuring costs: SEK 133m in gross margin and SEK 102m in SG&A.

Outlook and guidance

• Q4 volume contribution is expected to remain positive; Europe faces a tougher comparison, expected to be balanced by other geographies.

• Pricing actions are expected to continue offsetting inflation, while direct-material costs are expected to weigh from Q4.

• Efficiency-program guidance remains SEK 85m in full-year cost reductions; SEK 65m had been achieved year to date.

• Inventory reduction is expected by Q4-end; most of the remaining SEK 50m–60m restructuring cash outflow is expected in Q4, with a smaller tail in early 2027.

• Generation 7000 is expected to have limited material sales impact in 2026, with broader customer and market expansion expected to contribute in 2027.