Electrolux Q1 Sales Weaken in North America

Electrolux reported first-quarter 2026 net sales of SEK 29.543 billion on April 24, with organic sales declining 0.5%. The interim report showed growth in Europe, the Middle East, Africa, Asia Pacific and Latin America offset by a weaker North American business.

Organic sales rose 3.6% in EMEA and Asia Pacific and 8.0% in Latin America, mainly through higher volumes. North America recorded an 11.6% decline. Electrolux identified a slowdown in demand and increased U.S. tariff costs as major pressures on that region, alongside other items affecting the quarter's earnings.

Operating income excluding non-recurring items was SEK 198 million, representing a 0.7% margin. Including a SEK 463 million non-recurring charge linked to previously announced Latin American actions, the reported operating result was a loss of SEK 266 million. Net loss for the period was SEK 470 million.

The release also summarized strategic developments announced after the quarter ended, including the planned Midea partnership and changes to the manufacturing footprint. Those April announcements were subsequent events, while the financial figures measure January through March. The report covers the global appliance group rather than a separate result for cleaning products.