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The Electrolux group company name is displayed in its headquarters in Stockholm, Sweden, December 4, 2025. GRETA ROSEN FONDAHN
The Electrolux group company name is displayed in its headquarters in Stockholm, Sweden, December 4, 2025. GRETA ROSEN FONDAHN
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Appliance maker Electrolux Q2 operating profit beats expectations

July 29th, 2026 | 05:16 AM WORLD China 1

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By Reuters

Electrolux (ELUXb.ST) reported a bigger than expected profit ​for the second quarter on Wednesday, but ‌said conditions weakened in North America, a key market for the home appliances maker as it ​tries to turn around its business ​and restructure operations.

Operating profit excluding non-recurring ⁠items at the Swedish group, whose brands ​include Frigidaire and AEG, rose to 1.2 ​billion crowns ($124 million) in the April-June period from a year-earlier 797 million, on 2% organic sales ​growth.

Analysts had on average forecast an operating ​profit of 617 million Swedish crowns, in a poll ‌provided ⁠by Electrolux.

The appliance maker has been battling for years with weak demand and cut-price competition, with particularly its North America ​business - which ​represents around ⁠a third of sales - struggling to turn an operating profit.

It ​carried out a steeply discounted 9 ​billion ⁠Swedish crown rights issue in June to fund a tie-up with Chinese rival Midea (000333.SZ) in ⁠North ​America, restructure its global ​business and deleverage its balance sheet.

($1 = 9.6759 Swedish crowns)

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