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Electrolux Professional — Interim / Quarterly Report 2025
Oct 29, 2025
2909_ir_2025-10-29_d5e9c892-b0a1-4ce1-9882-b77e6c5ac43a.pdf
Interim / Quarterly Report
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Third quarter, July–September 2025
- > Net sales amounted to SEK 2,816m (2,931), a decrease of 3.9%. Organically, sales increased by 0.7%. Currency translation had an effect of -4.6%.
- > EBITA amounted to SEK 92m (325), corresponding to a margin of 3.3% (11.1). EBITA includes SEK 235m in items affecting comparability related to the efficiency program announced on September 2, see page 16. EBITA excluding items affecting comparability amounted to SEK 327m (325), corresponding to a margin of 11.6% (11.1).
- > Operating income amounted to SEK 37m (268), corresponding to a margin of 1.3% (9.1). Operating income excluding items affecting comparability amounted to SEK 271m (268) corresponding to a margin of 9.6% (9.1)
- > Income for the period amounted to SEK 40m (187), and earnings per share was SEK 0.14 (0.65).
- > Operating cash flow after investments amounted to SEK 402m (441).
Key ratios
| SEKm | Jul–Sep 2025 |
Jul–Sep 2024 |
Change, % |
Jan–Sep 2025 |
Jan–Sep 2024 |
Change, % |
|---|---|---|---|---|---|---|
| Net sales | 2,816 | 2,931 | –3.9 | 9,084 | 9,254 | –1.8 |
| EBITA* | 92 | 325 | –71.6 | 848 | 1,061 | –20.1 |
| EBITA margin, %* | 3.3 | 11.1 | 9.3 | 11.5 | ||
| EBITA excl. items affecting comparability* | 327 | 325 | 0.5 | 1,083 | 1,061 | 2.0 |
| EBITA margin excl. items affecting comparability, %* | 11.6 | 11.1 | 11.9 | 11.5 | ||
| Operating income* | 37 | 268 | –86.3 | 682 | 891 | –23.5 |
| Operating margin, %* | 1.3 | 9.1 | 7.5 | 9.6 | ||
| Operating income excl. items affecting comparability* | 271 | 268 | 1.4 | 917 | 891 | 2.8 |
| Operating margin excl. items affecting comparability, %* | 9.6 | 9.1 | 10.1 | 9.6 | ||
| Income after financial items | 15 | 239 | –93.5 | 618 | 789 | –21.7 |
| Income for the period | 40 | 187 | –78.6 | 456 | 588 | –22.5 |
| Earnings per share, SEK¹ | 0.14 | 0.65 | 1.59 | 2.05 | ||
| Operating cash flow after investments* | 402 | 441 | 881 | 1 016 | ||
| Operating working capital % of net sales* | n/a | n/a | 16.2 | 16.8 |
*) Alternative performance measures used in this report are explained on pages 22–23.
1) Basic number of outstanding shares.
Improved underlying profitability – efficiency program launched
The third quarter of 2025 showed organic growth and improved underlying profitability. During the quarter an efficiency program to streamline our operations and improve profitability was launched.
Despite the geopolitical situation that continues to create uncertainty, we took another step in the right direction during the quarter.
Food & Beverage continue to grow
Sales of Food & Beverage increased by 1.2% organically, continuing the positive trend from the previous quarter. Sales grew in Europe and in the US Food business whereas Beverage in the US declined. Due to the postponement of some large orders, sales in Asia Pacific, Middle East and Africa declined. EBITA margin improved compared to last year. Order intake for Food & Beverage was higher than last year.
Improved margin in Laundry
After five consecutive quarters of organic growth, sales in Laundry were flat compared to last year when sales growth was strong. This year, sales grew in Europe, but declined in the US and in Asia Pacific, Middle East and Africa. The EBITA margin improved somewhat, despite a 0.9 ppt negative margin impact from currency, but also the impact from tariffs. Order intake is lower than last year, but is entirely related to inventory reduction by our distributor in the US. However, the US sales outlook is still positive, and the order stock in the US is at its highest level in the past few years.
Summing up nine months of the year, we have increased organic sales and continued to improve the underlying EBITA margin compared to the corresponding period of last year.
Alberto Zanata, President and CEO

Program launched to streamline the company and improve profitability
In September we launched a program to safeguard future competitiveness and improve profitability including consolidation of production. These measures are expected to generate savings of SEK 85m in 2026 and SEK 175m in 2027. In addition to addressing efficiency and cost savings, the program also encompasses a strategic shift in competencies, which includes the allocation of resources and the development of capabilities, with particular emphasis on advancing sales and digital initiatives.
Continued investment in R&D to prepare for new product launches and growth
Due to our extensive ongoing new product developments in both cooking and laundry, our R&D
expenses remain above normal levels. However, we expect to be able to gradually decrease R&D costs from the second half of 2026. The product launches are expected to create customer value already next year.
Summing up nine months of the year, we have increased organic sales and continued to improve the underlying EBITA margin compared to the corresponding period of last year.
The combination of important product launches ahead of us, the efficiency program and actions to enhance our sales capabilities, means we should be on the right path towards profitable growth.
Alberto Zanata, President and CEO
Financial overview
Development during the third quarter, July–September 2025
Net sales
Net sales for the third quarter amounted to SEK 2,816m (2,931), a decrease of 3.9% compared to the same period last year. Organically, sales increased by 0.7%. Currency had an effect of –4.6%.
Sales in Food & Beverage increased organically by 1.2%, and sales in Laundry were unchanged.
Organically, sales in Europe increased by 3.5%, while sales in Americas decreased by 2.5%, and in Asia Pacific, Middle East and Africa. sales declined by 3%.
| Changes in net sales, % | Jul–Sep 2025 |
Jul–Sep 2024 |
|---|---|---|
| Organic growth* | 0.7 | 1.5 |
| Acquisitions* | – | 7.3 |
| Divestments* | – | – |
| Changes in exchange rates | –4.6 | –2.3 |
| Total | –3.9 | 6.5 |
*) Alternative performance measures used in this report are explained on pages 22–23.
Operating income and EBITA
Operating income excluding amortization of intangible assets (EBITA) and items affecting comparability amounted to SEK 327m (325), corresponding to a margin of 11.6% (11.1). Currency had a negative impact on EBITA equivalent to 0.5 ppt in EBITA margin. Operating income includes SEK 235m in items affecting comparability related to the efficiency program announced on September 2. Operating income amounted to SEK 37m (268), corresponding to a margin of 1.3% (9.1).
Financial net
Net financial items amounted to SEK –21m (–29). The finance net is lower due to lower debt.
Income for the period
Income for the third quarter amounted to SEK 40m (187), corresponding to SEK 0.14 (0.65) in earnings per share. Income tax for the period amounted to SEK 25m (–52). The tax cost was positive due to prior period adjustments as well as a lower level of earnings. The tax rate for the third quarter was –158.6% (21.8). The tax rate excluding items affecting comparability was 14.4%.
Group common cost
Group common cost was SEK –34m (–35).
Net sales by segment, July-September 2025 Food & Beverage
Laundry

Net sales per market, July-September 2025
Europe Asia-Pacific, Middle-East, Africa Americas

Sales and EBITA margin excluding items affecting comparability

Development during the year, January–September 2025
Net sales
Net sales for the first nine months amounted to SEK 9,084m (9,254), a decrease of 1.8% compared to the same period last year. Organically, sales increased by 0.9%. The acquisition of Adventys contributed by 0.3%. Currency had an effect of –3.0%.
Sales in Food & Beverage increased organically by 1.1%, and sales in Laundry by 0.7%.
Organically, sales in Europe grew by approximately 1%, and by 2% in Americas, but declined by 2% in Asia-Pacific, Middle East and Africa.
| Changes in net sales, % | Jan–Sep 2025 |
Jan–Sep 2024 |
|---|---|---|
| Organic growth | 0.9 | –1.2 |
| Acquisitions | 0.3 | 7.1 |
| Divestments | – | – |
| Changes in exchange rates | –3.0 | –1.5 |
| Total | –1.8 | 4.3 |
Operating income and EBITA
Operating income excluding amortization of intangible assets (EBITA) and items affecting comparability amounted to SEK 1,083m (1,061), corresponding to a margin of 11.9% (11.5). Currency had a negative effect on the EBITA margin.
Operating income includes SEK 235m in items affecting comparability related to the efficiency program announced on September 2. Operating income amounted to SEK 682m (891), corresponding to a margin of 7.5% (9.6).
Financial net
Net financial items amounted to SEK –64m (–102). The finance net is lower due to lower debt and currency impact.
Income for the period
Income for the first nine months amounted to SEK 456m (588), corresponding to SEK 1.59 (2.05) in earnings per share. Income tax for the period amounted to SEK –162m (–201). The tax rate for the first nine months was 26.3% (25.5).
Group common cost
Group common cost was SEK –113m (–120).
Net sales by segment, January-September 2025 Food & Beverage
Laundry


In the third quarter, Food & Beverage sales were SEK 1,698m (1,778), a decrease of 4.5% compared to the same period last year. Organically, sales increased by 1.2%, and currency had an effect of –5.7%.
Sales increased by approximately 3% in Europe, while they were unchanged in Americas and declined by approximately 3% in
Asia-Pacific, Middle East and Africa. Food grew in Americas while Beverage decreased. In the US sales to chains increased while sales to the general market declined. Sales in Asia Pacific, Middle East and Africa declined due to postponement of some large orders.
Operating income excluding amortization of intangible assets (EBITA) and items affecting comparability amounted to SEK 172m (171), corresponding to a margin of 10.1% (9.6). Operating income amounted to SEK –35m (128), corresponding to a margin of –2.0% (7.2). Operating income includes SEK 164m in items affecting comparability related to the efficiency program announced on September 2.
| SEKm | Jul–Sep 2025 |
Jul–Sep 2024 |
Change, % | Jan–Sep 2025 |
Jan–Sep 2024 |
Change, % | Full-year 2024 |
|---|---|---|---|---|---|---|---|
| Net sales | 1,698 | 1,778 | –4.5 | 5,545 | 5,672 | –2.2 | 7,585 |
| Organic growth, % | 1.2 | –0.7 | 1.1 | –2.9 | –2.7 | ||
| Acquisitions, % | – | 3.7 | 0.5 | 3.2 | 3.3 | ||
| Changes in exchange rates, % | –5.7 | –2.8 | –3.8 | –1.8 | –1.0 | ||
| EBITA | 9 | 171 | –95.0 | 430 | 624 | –31.1 | 808 |
| EBITA margin, % | 0.5 | 9.6 | 7.8 | 11.0 | 10.6 | ||
| EBITA excl. items affecting comparability |
172 | 171 | 0.5 | 594 | 624 | –4.9 | 808 |
| EBITA margin excl. items affecting comparability, % |
10.1 | 9.6 | 10.7 | 11.0 | 10.6 | ||
| Operating income | –35 | 128 | –127.1 | 303 | 500 | –39.3 | 637 |
| Operating margin, % | –2.0 | 7.2 | 5.5 | 8.8 | 8.4 |

Sales EBITA margin excluding items affecting comparability

In the third quarter, Laundry sales were SEK 1,118m (1,152), a decrease by 3.0% compared to the same period last year. Organically, sales were unchanged, and currency had an effect of –3.0%.
Sales increased organically by approximately 4% in Europe, but declined by approximately 8% in Americas. The lower sales in the Americas are entirely related to inventory reduction by our US
distributor. Sales in Asia-Pacific, Middle East and Africa declined by approximately 3%.
Operating income excluding amortization of intangible assets (EBITA) and items affecting comparability amounted to SEK 187m (189), corresponding to a margin of 16.7% (16.4). The EBITA margin improved despite a significant negative impact from currency
equivalent to 0.9 ppt in margin. Operating income amounted to SEK 105m (175), corresponding to a margin of 9.4% (15.2). Operating income includes SEK 70m in items affecting comparability related to the efficiency program announced on September 2.
| SEKm | Jul–Sep 2025 |
Jul–Sep 2024 |
Change, % | Jan–Sep 2025 |
Jan–Sep 2024 |
Change, % | Full-year 2024 |
|---|---|---|---|---|---|---|---|
| Net sales | 1,118 | 1,152 | –3.0 | 3,540 | 3,582 | –1.2 | 4,998 |
| Organic growth, % | 0.0 | 5.4 | 0.7 | 1.9 | 4.5 | ||
| Acquisitions, % | – | 13.8 | – | 14.3 | 14.2 | ||
| Changes in exchange rates, % | –3.0 | –1.3 | –1.9 | –1.0 | –0.6 | ||
| EBITA | 117 | 189 | –37.8 | 531 | 556 | –4.5 | 811 |
| EBITA margin, % | 10.5 | 16.4 | 15.0 | 15.5 | 16.2 | ||
| EBITA excl. items affecting comparability |
187 | 189 | –0.9 | 601 | 556 | 8.0 | 811 |
| EBITA margin excl. items affecting comparability, % |
16.7 | 16.4 | 17.0 | 15.5 | 16.2 | ||
| Operating income | 105 | 175 | –39.9 | 492 | 511 | –3.8 | 752 |
| Operating margin, % | 9.4 | 15.2 | 13.9 | 14.3 | 15.0 |
Net sales and EBITA margin excluding items affecting comparability

Net sales, EBITA and operating income by segment
| SEKm | Jul–Sep 2025 |
Jul–Sep 2024 |
Jan–Sep 2025 |
Jan–Sep 2024 |
Full-year 2024 |
|---|---|---|---|---|---|
| Food & Beverage | |||||
| Net sales | 1,698 | 1,778 | 5,545 | 5,672 | 7,585 |
| EBITA | 9 | 171 | 430 | 624 | 808 |
| Amortization | –43 | –43 | –127 | –124 | –170 |
| Operating income | –35 | 128 | 303 | 500 | 637 |
| Laundry | |||||
| Net sales | 1,118 | 1,152 | 3,540 | 3,582 | 4,998 |
| EBITA | 117 | 189 | 531 | 556 | 811 |
| Amortization | –13 | –14 | –39 | –45 | –59 |
| Operating income | 105 | 175 | 492 | 511 | 752 |
| Group common costs | |||||
| EBITA | –34 | –35 | –113 | –119 | –158 |
| Amortization | – | –0 | – | –0 | –1 |
| Operating income | –34 | –35 | –113 | –120 | –159 |
| Total Group | |||||
| Net sales | 2,816 | 2,931 | 9,084 | 9,254 | 12,583 |
| EBITA | 92 | 325 | 848 | 1,061 | 1,461 |
| Amortization | –56 | –58 | –166 | –170 | –230 |
| Operating income | 37 | 268 | 682 | 891 | 1 231 |
| Financial items, net | –21 | –29 | –64 | –102 | –133 |
| Income after financial items | 15 | 239 | 618 | 789 | 1,097 |
| Taxes | 25 | –52 | –162 | –201 | –295 |
| Income for the period | 40 | 187 | 456 | 588 | 803 |
Cash flow
Operating cash flow after investments amounted to SEK 402m (441). The decrease is mainly due to lower positive contribution from working capital and higher capex.
Operating cash flow after investments

| SEKm | Jul–Sep 2025 |
Jul–Sep 2024 |
Jan–Sep 2025 |
Jan–Sep 2024 |
Full-year 2024 |
|---|---|---|---|---|---|
| Operating income | 37 | 268 | 682 | 891 | 1,231 |
| Depreciation | 79 | 85 | 238 | 247 | 333 |
| Amortization | 56 | 58 | 166 | 170 | 230 |
| Other non-cash items | 242 | 10 | 250 | 9 | 21 |
| Operating income adjusted for non-cash items |
413 | 420 | 1,336 | 1,317 | 1,815 |
| Change in inventories | –9 | 19 | –145 | –57 | 60 |
| Change in trade receivables | 180 | 297 | –73 | 24 | 0 |
| Change in trade payables | –211 | –223 | –186 | 31 | 133 |
| Change in other operating assets, liabilities and provisions |
85 | –30 | 132 | –152 | –148 |
| Operating cash flow | 458 | 482 | 1,064 | 1,163 | 1,860 |
| Investments in tangible and intangible assets |
–52 | –41 | –174 | –146 | –316 |
| Changes in other investments | –4 | –1 | –9 | –0 | 4 |
| Operating cash flow after investments |
402 | 441 | 881 | 1,016 | 1,548 |
Operating working capital
Operating working capital as percentage of rolling 12 months net sales amounted to 16.2% in the third quarter compared to 16.8% in the same period of 2024.
Operating working capital as percentage of sales

Financial position
Net debt
As of September 30, 2025, Electrolux Professional Group had a financial net debt position (excluding lease liabilities and postemployment provisions) of SEK 1,651m compared to SEK 2,090m as of December 31, 2024. Lease liabilities amounted to SEK 286m and net provisions for post-employment benefits amounted to SEK –16m.
In total, net debt amounted to SEK 1,922m as of September 30, 2025, compared to SEK 2,481m as of December 31, 2024. Longterm borrowings amounted to SEK 1,869m. Short term borrowings amounted to SEK 602m. Total borrowings amounted to SEK 2,470m compared to SEK 2,968m as of December 31, 2024. Liquid funds as
of September 30, 2025, amounted to SEK 645m compared to SEK 794m as of December 31, 2024.
Changes in credit facilities and loans
As of September 30, 2025, the Group had SEK 1,300m issued under its SEK 5,000m MTN programme, and no issuances under the Group's SEK 2,000m commercial paper programme. During the quarter, the Group repaid SEK 420m in commercial paper maturities. At the end of the quarter, the Group's revolving credit facility of EUR 200m was unutilized. None of the loans and credit facilities contain any financial covenants.
Net debt
| SEKm | September 30, 2025 |
September 30, 2024 |
December 31, 2024 |
|---|---|---|---|
| Short-term loans | 19 | 573 | 383 |
| Short-term part of long-term loans | 547 | 151 | 153 |
| Short-term borrowings | 567 | 723 | 535 |
| Financial derivative liabilities | 16 | 80 | 51 |
| Accrued interest expenses and prepaid interest income |
20 | 32 | 23 |
| Total short-term borrowings | 602 | 836 | 610 |
| Total long-term borrowings | 1,869 | 2,427 | 2,358 |
| Total borrowings¹ | 2,470 | 3,263 | 2,968 |
| Cash and cash equivalents | 645 | 806 | 794 |
| Liquid funds | 645 | 806 | 794 |
| Financial derivative assets | 171 | 99 | 82 |
| Prepaid interest expenses and accrued interest income |
4 | 1 | 2 |
| Liquid funds and other | 819 | 906 | 878 |
| Financial net debt (total borrowings less liquid funds and other) |
1,651 | 2,357 | 2,090 |
| Lease liabilities | 286 | 363 | 362 |
| Net provisions for post-employment benefits | –16 | 142 | 29 |
| Net debt* | 1,922 | 2,862 | 2,481 |
| Net debt/EBITDA ratio* | 1,2 | 1,7 | 1,4 |
| EBITDA*, 2 | 1,572 | 1,678 | 1,794 |
*) Alternative performance measures used in this report are explained on pages 22–23.
1) Whereof interest-bearing liabilities amounting to SEK 2,435m as of September 30, 2025, SEK 3,151m as of September 30, 2024 and SEK 2,894m as of December 31, 2024.
2) Rolling four quarters.
Parent Company
The Parent Company's activities include head office as well as production and sales in and from Sweden.
Net sales and financial position for the Parent Company,
Net sales for the Parent Company, Electrolux Professional AB, for the period from January 1 to September 30, 2025 amounted to SEK 2,383m (2,350) of which SEK 932m (936) referred to sales to Group Companies and SEK 1,451m (1,414) to external customers. Income after financial items was SEK 796m (365). Income for the period amounted to SEK 793m (314).
Capital expenditure in tangible and intangible assets was SEK 77m (12).
Cash and cash equivalents at the end of the period amounted to SEK 529m, as against SEK 616m in the beginning of the year.
Undistributed earnings in the Parent Company at the end of the period amounted to SEK 7,703m, as against SEK 7,176m at the beginning of the year.
During the third quarter 2025, Electrolux Professional AB has received internal dividends of SEK 213m (87).
The income statement and balance sheet for the Parent Company are presented on page 18.
Risk and uncertainty factors
Electrolux Professional Group is an international group with a wide geographic spread and is thus exposed to a number of business and financial risks. Risk management in Electrolux Professional Group aims to identify, control and reduce risks. The risk factors are described in the Annual Report and consist of strategic risks, operational risks, industry risks, sustainability risks and financial risks. Compared to the Annual Report, which was issued on April 2, 2025, and the subsequent frequent announcements by the US administration on tariffs, it is possible that any new reciprocal tariffs on imports into the United States and its impact on the global economy, could have an adverse impact on the Group's business and financial position.
Stockholm October 29, 2025
Electrolux Professional AB (publ)
Alberto Zanata President and CEO
Other disclosures
Conversion of shares
According to Electrolux Professional's articles of association, owners of A-shares have the right to have such shares converted to B-shares. Conversion reduces the total number of votes in the Company. 50 shares were converted in the third quarter. The total number of registered shares in the company on September 30, 2025, amounted to 287,397,450 of which 8,027,292 are Series A and 279,370,158 are Series B. The total number of votes amounted to 35,964,307.8.
Employees
The number of employees at the end of the quarter was 4,292 (4,370).
Events after the balance sheet day
After the end of the reporting period, no significant events have taken place that could affect the company's operations.
This report has not been audited or reviewed by external auditors.
This is a translation of the Swedish language original. In the event of any differences between this translation and the Swedish language original, the latter shall prevail.
LiberoLight compact and flexible plug-in cooking range
LiberoLight is using induction technology from Adventys that was acquired in 2024. It is a versatile plug-in cooking range designed to fit any space and need, ensuring flexibility, speed, and convenience in every meal preparation.

Warm food anytime, anywhere
Both cooking and holding solutions:
- ► Portable: easy to move wherever needed, ideal for buffet corners, canteens and hotels.
- ► Elegant design: harmonizing with any style and setting.
- ► Convenience: keeps food warm effortlessly, without the need for a permanent installation.
- ► Integrated control panel: power levels from 1 to 12.

Combo washer and dryer awarded best new product at Clean Show
The Electrolux Professional Combo Washer and Dryer by TOSEI was awarded Best New Product award at the Clean Show Innovation Awards 2025, in Orlando.

Recognized for its innovation, energy efficiency, and userfriendly design, the Japan-made machine is distributed in North America by our distributor and offers space-saving, cost-effective solutions for professional laundries.
This is an example of potential sales synergies from TOSEI that was acquired in 2024.
Financial reports
Consolidated statement of total comprehensive income
| SEKm | Jul–Sep 2025 |
Jul–Sep 2024 |
Jan–Sep 2025 |
Jan–Sep 2024 |
Full-year 2024 |
|---|---|---|---|---|---|
| Net sales | 2,816 | 2,931 | 9,084 | 9,254 | 12,583 |
| Cost of goods sold | –1,970 | –1,920 | –6,020 | –6,038 | –8,261 |
| Gross operating income | 846 | 1,010 | 3,065 | 3,216 | 4,322 |
| Selling expenses | –568 | –480 | –1,645 | –1,515 | –2,049 |
| Administrative expenses | –243 | –262 | –742 | –804 | –1,040 |
| Other operating income/expenses | 1 | –2 | 4 | –5 | –3 |
| Operating income | 37 | 268 | 682 | 891 | 1,231 |
| Financial income¹ | 113 | 91 | 473 | 345 | 515 |
| Financial expenses² | –134 | –120 | –537 | –448 | –649 |
| Financial items, net | –21 | –29 | –64 | –102 | –133 |
| Income after financial items | 15 | 239 | 618 | 789 | 1,097 |
| Taxes | 25 | –52 | –162 | –201 | –295 |
| Income for the period | 40 | 187 | 456 | 588 | 803 |
| Items that will not be reclassified to income for the period: |
|||||
| Remeasurement of provisions for post-employment benefits |
26 | –2 | 33 | –2 | 106 |
| Income tax relating to items that will not be reclassified |
–3 | 1 | –5 | 1 | –13 |
| Total | 23 | –2 | 28 | –2 | 93 |
| SEKm | Jul–Sep 2025 |
Jul–Sep 2024 |
Jan–Sep 2025 |
Jan–Sep 2024 |
Full-year 2024 |
|---|---|---|---|---|---|
| Items that may be subsequently reclassified to income for the period: |
|||||
| Cash flow hedges | 4 | –14 | –1 | –10 | 2 |
| Net investment hedges | 32 | –65 | 94 | –4 | 2 |
| Exchange-rate differences on translation of foreign operations |
–88 | –37 | –643 | 65 | 329 |
| Cost of hedging | –2 | 20 | 6 | 45 | 35 |
| Income tax relating to items that may be reclassified |
–5 | 25 | 20 | –7 | –32 |
| Total | –59 | –72 | –525 | 87 | 336 |
| Other comprehensive income, net of tax | –36 | –74 | –497 | 86 | 429 |
| Total comprehensive income for the period | 4 | 113 | –41 | 673 | 1,231 |
| Income for the period attributable to: | |||||
| Equity holders of the Parent Company | 40 | 187 | 456 | 588 | 803 |
| Total | 40 | 187 | 456 | 588 | 803 |
| Total comprehensive income for the period attributable to: |
|||||
| Equity holders of the Parent Company | 4 | 113 | –41 | 673 | 1,231 |
| Total | 4 | 113 | –41 | 673 | 1,231 |
| For income attributable to the equity holders of the Parent Company: |
|||||
| Basic, SEK | 0.14 | 0.65 | 1.59 | 2.05 | 2.79 |
| Diluted, SEK | 0.14 | 0.65 | 1.59 | 2.05 | 2.79 |
| Average number of shares | |||||
| Basic, million | 287.4 | 287.4 | 287.4 | 287.4 | 287.4 |
| Diluted, million | 287.4 | 287.4 | 287.4 | 287.4 | 287.4 |
1) Includes realized and unrealized FX gains of SEK 91m (61) Jul-Sep 2025, SEK 393m (256) Jan-Sep 2025, and SEK 391m Full-year 2024.
2) Includes realized and unrealized FX losses of SEK –88m (–56) Jul-Sep 2025, SEK –370m (–249) Jan-Sep 2025, and SEK –387m Full-year 2024.
| SEKm | September 30, 2025 |
September 30, 2024 |
December 31, 2024 |
|---|---|---|---|
| ASSETS | |||
| Non-current assets | |||
| Property, plant and equipment, owned | 1,694 | 1,671 | 1,810 |
| Property, plant and equipment, right-of-use | 274 | 350 | 348 |
| Goodwill | 4,070 | 4,332 | 4,552 |
| Other intangible assets | 1,182 | 1,440 | 1,457 |
| Deferred tax assets | 413 | 480 | 404 |
| Pension plan assets | 150 | 4 | 116 |
| Other non-current assets | 99 | 39 | 104 |
| Total non-current assets | 7,882 | 8,316 | 8,791 |
| Current assets | |||
| Inventories | 1,911 | 1,970 | 1,899 |
| Trade receivables | 2,071 | 2,119 | 2,117 |
| Tax assets | 197 | 109 | 72 |
| Other current assets | 449 | 430 | 401 |
| Cash and cash equivalents | 645 | 806 | 794 |
| Total current assets | 5,272 | 5,434 | 5,285 |
| Total assets | 13,155 | 13,750 | 14,075 |
| SEKm | September 30, 2025 |
September 30, 2024 |
December 31, 2024 |
|---|---|---|---|
| EQUITY AND LIABILITIES | |||
| Equity attributable to equity holders of the Parent Company |
|||
| Share capital | 29 | 29 | 29 |
| Other paid-in capital | 5 | 5 | 5 |
| Other reserves | 188 | 465 | 713 |
| Retained earnings | 5,183 | 4,634 | 4,950 |
| Equity attributable to equity holders of the Parent Company |
5,405 | 5,133 | 5,697 |
| Total equity | 5,405 | 5,133 | 5,697 |
| Non-current liabilities | |||
| Long-term borrowings | 1,869 | 2,427 | 2,358 |
| Long-term lease liabilities | 173 | 230 | 227 |
| Deferred tax liabilities | 297 | 297 | 308 |
| Provisions for post-employment benefits | 134 | 146 | 145 |
| Other provisions and liabilities | 281 | 310 | 331 |
| Total non-current liabilities | 2,754 | 3,411 | 3,368 |
| Current liabilities | |||
| Trade payables | 1,883 | 2,036 | 2,172 |
| Tax liabilities | 309 | 421 | 279 |
| Other liabilities | 1,768 | 1,758 | 1,764 |
| Short-term borrowings | 567 | 723 | 535 |
| Short-term lease liabilities | 114 | 132 | 135 |
| Other provisions | 356 | 135 | 125 |
| Total current liabilities | 4,995 | 5,206 | 5,010 |
| Total equity and liabilities | 13,155 | 13,750 | 14,075 |
Change in consolidated equity
| SEKm | Jan–Sep 2025 |
Jan–Sep 2024 |
Full-year 2024 |
|---|---|---|---|
| Opening balance | 5,697 | 4,705 | 4,705 |
| Total comprehensive income for the period | –41 | 673 | 1,231 |
| Share-based incentive program | 3 | –0 | 6 |
| Equity swap for share-based incentive program | –9 | –15 | –15 |
| Dividend to shareholders of the Parent Company | –244 | –230 | –230 |
| Total transactions with equity holders | –250 | –245 | –239 |
| Closing balance | 5,405 | 5,133 | 5,697 |
Consolidated cash flow statement
| SEKm | Jul–Sep 2025 |
Jul–Sep 2024 |
Jan–Sep 2025 |
Jan–Sep 2024 |
Full-year 2024 |
|---|---|---|---|---|---|
| Operations | |||||
| Operating income | 37 | 268 | 682 | 891 | 1,231 |
| Depreciation and amortization | 134 | 142 | 404 | 416 | 563 |
| Other non-cash items | 242 | 10 | 250 | 9 | 21 |
| Financial items paid, net¹ | –17 | –23 | –59 | –82 | –122 |
| Taxes paid | –95 | –97 | –272 | –202 | –333 |
| Cash flow from operations, excluding change in operating assets and liabilities |
301 | 300 | 1,004 | 1,033 | 1,360 |
| Change in operating assets and liabilities | |||||
| Change in inventories | –9 | 19 | –145 | –57 | 60 |
| Change in trade receivables | 180 | 297 | –73 | 24 | 0 |
| Change in trade payables | –211 | –223 | –186 | 31 | 133 |
| Change in other operating assets, liabilities and provisions |
85 | –30 | 132 | –152 | –148 |
| Cash flow from change in operating assets and liabilities |
45 | 63 | –272 | –154 | 45 |
| Cash flow from operations | 346 | 362 | 732 | 879 | 1,405 |
| Investment activities | |||||
| Acquisition of operations | – | – | – | –1,142 | –1,142 |
| Capital expenditure in property, plant and equipment |
–43 | –34 | –133 | –126 | –275 |
| Capital expenditure in product development |
–5 | –3 | –16 | –6 | –9 |
| Capital expenditure in other intangibles | –3 | –4 | –25 | –14 | –31 |
| Other | –4 | –1 | –9 | –0 | 4 |
| Cash flow from investment activities | –56 | –42 | –182 | –1,289 | –1,454 |
| Cash flow from operations and investments activities |
290 | 321 | 550 | –410 | –49 |
| SEKm | Jul–Sep 2025 |
Jul–Sep 2024 |
Jan–Sep 2025 |
Jan–Sep 2024 |
Full-year 2024 |
|---|---|---|---|---|---|
| Financing | |||||
| Change in short-term borrowings, net² | –380 | 88 | –270 | –120 | –459 |
| New long-term borrowings | – | 400 | – | 2,900 | 2,900 |
| Amortization of long-term borrowings | – | –704 | –64 | –2,182 | –2,182 |
| Payment of lease liabilities | –30 | –34 | –94 | –98 | –134 |
| Dividend | – | – | –244 | –230 | –230 |
| Equity swap for share-based incentive program |
– | – | –9 | –15 | –15 |
| Cash flow from financing | –410 | –250 | –681 | 255 | –120 |
| Total cash flow | –120 | 70 | –131 | –155 | –169 |
| Cash and cash equivalents at beginning of period |
766 | 731 | 794 | 959 | 959 |
| Exchange-rate differences pertaining to cash and cash equivalents |
–1 | 5 | –18 | 1 | 4 |
| Cash and cash equivalents at end of period |
645 | 806 | 645 | 806 | 794 |
1) For the period January 1 to September 30: interest and similar items received SEK 23.3m (58.2), interest and similar items paid SEK –77m (–125.6) and other financial items received/paid SEK 6m (–2.6). Interest paid for lease liabilities SEK –11.5m (–11.9).
2) Of which short-term loans with a duration of more than 3 months for the period January 1 to September 30 new loans SEK 297m (412), repaid loans SEK –297m (–).
Quarterly data
| SEKm | Q3 2025 |
Q2 2025 |
Q1 2025 |
Full year 2024 |
Q4 2024 |
Q3 2024 |
Q2 2024 |
Q1 2024 |
|---|---|---|---|---|---|---|---|---|
| Food & Beverage | ||||||||
| Net sales | 1,698 | 1,987 | 1,859 | 7,585 | 1,913 | 1,778 | 2,041 | 1,852 |
| EBITA | 9 | 232 | 189 | 808 | 183 | 171 | 252 | 201 |
| EBITA margin, % | 0.5 | 11.7 | 10.2 | 10.6 | 9.6 | 9.6 | 12.3 | 10.9 |
| Amortization | –43 | –39 | –44 | –170 | –46 | –43 | –41 | –39 |
| Operating income | –35 | 193 | 145 | 637 | 137 | 128 | 211 | 162 |
| Operating margin, % | –2.0 | 9.7 | 7.8 | 8.4 | 7.2 | 7.2 | 10.3 | 8.7 |
| Laundry | ||||||||
| Net sales | 1,118 | 1,208 | 1,214 | 4,998 | 1,416 | 1,152 | 1,227 | 1,203 |
| EBITA | 117 | 204 | 210 | 811 | 255 | 189 | 203 | 165 |
| EBITA margin, % | 10.5 | 16.9 | 17.3 | 16.2 | 18.0 | 16.4 | 16.5 | 13.7 |
| Amortization | –13 | –13 | –14 | –59 | –14 | –14 | –16 | –15 |
| Operating income | 105 | 190 | 196 | 752 | 241 | 175 | 187 | 150 |
| Operating margin, % | 9.4 | 15.8 | 16.2 | 15.0 | 17.0 | 15.2 | 15.2 | 12.4 |
| Group common costs | –34 | –44 | –36 | –159 | –39 | –35 | –45 | –40 |
| Total Group | ||||||||
| Net sales | 2,816 | 3,195 | 3,073 | 12,583 | 3,329 | 2,931 | 3,268 | 3,055 |
| EBITA | 92 | 392 | 363 | 1,461 | 400 | 325 | 410 | 326 |
| EBITA margin, % | 3.3 | 12.3 | 11.8 | 11.6 | 12.0 | 11.1 | 12.5 | 10.7 |
| Amortization | –56 | –53 | –58 | –230 | –60 | –58 | –57 | –55 |
| Operating income | 37 | 340 | 306 | 1,231 | 339 | 268 | 353 | 271 |
| Operating margin, % | 1.3 | 10.6 | 9.9 | 9.8 | 10.2 | 9.1 | 10.8 | 8.9 |
| Financial items, net | –21 | –22 | –21 | –133 | –31 | –29 | –40 | –33 |
| Income after financial items | 15 | 318 | 285 | 1,097 | 308 | 239 | 313 | 237 |
| Income for the period | 40 | 217 | 199 | 803 | 215 | 187 | 230 | 171 |
| Earnings per share, SEK¹ | 0.14 | 0.75 | 0.69 | 2.79 | 0.75 | 0.65 | 0.80 | 0.60 |
1) Basic number of outstanding shares.
Items affecting comparability
| SEKm | Q3 2025¹ |
Q2 2025 |
Q1 2025 |
Full year 2024 |
Q4 2024 |
Q3 2024 |
Q2 2024 |
Q1 2024 |
|---|---|---|---|---|---|---|---|---|
| Food & Beverage | –164 | – | – | – | – | – | – | – |
| Laundry | –70 | – | – | – | – | – | – | – |
| Group common costs | –1 | – | – | – | – | – | – | – |
| Total Group | –235 | – | – | – | – | – | – | – |
1) The SEK –164m consists of provision for severence, curtailment effect of pension plan, write down of machinery, leases and inventory. SEK –104m reported as cost of goods sold, SEK –47m as selling expenses and SEK –13m as administrative expenses.
The SEK –70m consists of provision for severence, write down of machinery and leases. SEK –29m reported as cost of goods sold, SEK –21m as selling expenses and SEK –20m as administrative expenses. The SEK –1m consist of provision for severence and reported as administrative expenses.
| SEKm | Q3 2025 |
Q2 2025 |
Q1 2025 |
Full year 2024 |
Q4 2024 |
Q3 2024 |
Q2 2024 |
Q1 2024 |
|---|---|---|---|---|---|---|---|---|
| Food & Beverage | ||||||||
| EBITA excl. items affecting comparability | 172 | 232 | 189 | 808 | 183 | 171 | 252 | 201 |
| EBITA excl. items affecting comparability, % | 10.1 | 11.7 | 10.2 | 10.6 | 9.6 | 9.6 | 12.3 | 10.9 |
| Operating income excl. items affecting comparability | 129 | 193 | 145 | 637 | 137 | 128 | 211 | 162 |
| Operating margin excl. items affecting comparability, % | 7.6 | 9.7 | 7.8 | 8.4 | 7.2 | 7.2 | 10.3 | 8.7 |
| Laundry | ||||||||
| EBITA excl. items affecting comparability | 187 | 204 | 210 | 811 | 255 | 189 | 203 | 165 |
| EBITA excl. items affecting comparability, % | 16.7 | 16.9 | 17.3 | 16.2 | 18.0 | 16.4 | 16.5 | 13.7 |
| Operating income excl. items affecting comparability | 175 | 190 | 196 | 752 | 241 | 175 | 187 | 150 |
| Operating margin exclitems affecting comparability, % | 15.6 | 15.8 | 16.2 | 15.0 | 17.0 | 15.2 | 15.2 | 12.4 |
| Group common costs excl. items affecting comparability | –32 | –44 | –36 | –159 | –39 | –35 | –45 | –40 |
| Total Group | ||||||||
| EBITA excl. items affecting comparability | 327 | 392 | 363 | 1,461 | 400 | 325 | 410 | 326 |
| EBITA excl. items affecting comparability, % | 11.6 | 12.3 | 11.8 | 11.6 | 12.0 | 11.1 | 12.5 | 10.7 |
| Operating income excl. items affecting comparability | 271 | 340 | 306 | 1,231 | 339 | 268 | 353 | 271 |
| Operating margin excl. items affecting comparability, % | 9.6 | 10.6 | 9.9 | 9.8 | 10.2 | 9.1 | 10.8 | 8.9 |
Alternative performance measures key figures Exchange rates
| SEKm | Jul–Sep 2025 |
Jul–Sep 2024 |
Jan–Sep 2025 |
Jan–Sep 2024 |
Full-year 2024 |
|---|---|---|---|---|---|
| Net sales | 2,816 | 2,931 | 9,084 | 9,254 | 12,583 |
| Organic growth, % | 0.7 | 1.5 | 0.9 | –1.2 | –0.1 |
| EBITA | 92 | 325 | 848 | 1,061 | 1,461 |
| EBITA margin, % | 3.3 | 11.1 | 9.3 | 11.5 | 11.6 |
| EBITA excl. items affecting comparability¹ | 327 | 325 | 1,083 | 1,061 | 1,461 |
| EBITA margin excl. items affecting comparability, %¹ |
11.6 | 11.1 | 11.9 | 11.5 | 11.6 |
| Operating income | 37 | 268 | 682 | 891 | 1,231 |
| Operating margin, % | 1.3 | 9.1 | 7.5 | 9.6 | 9.8 |
| Operating income excl. items affecting comparability¹ |
271 | 268 | 917 | 891 | 1,231 |
| Operating margin excl. items affecting comparability, %¹ |
9.6 | 9.1 | 10.1 | 9.6 | 9.8 |
| Income after financial items | 15 | 239 | 618 | 789 | 1,097 |
| Income for the period | 40 | 187 | 456 | 588 | 803 |
| Capital expenditure* | –52 | –41 | –174 | –146 | –316 |
| Operating cash flow after investments | 402 | 441 | 881 | 1,016 | 1,548 |
| Earnings per share, SEK² | 0.14 | 0.65 | 1.59 | 2.05 | 2.79 |
| Net debt | n/a | n/a | 1,922 | 2,862 | 2,481 |
| EBITDA³ | n/a | n/a | 1,572 | 1,678 | 1,794 |
| Net debt/EBITDA ratio | n/a | n/a | 1.2 | 1.7 | 1.4 |
| Operating working capital % of net sales | n/a | n/a | 16.2 | 16.8 | 16.4 |
| Return on net assets, %* | n/a | n/a | 13.0 | 15.0 | 15.1 |
| End of period operating working capital, % of annualized net sales* |
n/a | n/a | 18.8 | 17.7 | 13.8 |
| Average number of shares, million² | 287.4 | 287.4 | 287.4 | 287.4 | 287.4 |
| Number of employees, end of period | 4,292 | 4,370 | 4,292 | 4,370 | 4,317 |
| SEK | September 30, 2025 | September 30, 2024 | December 31, 2024 | |||
|---|---|---|---|---|---|---|
| Exchange rate |
Average | End of period | Average | End of period | Average | End of period |
| CNY | 1.38 | 1.32 | 1.46 | 1.44 | 1.47 | 1.51 |
| CZK | 0.4473 | 0.4543 | 0.4540 | 0.4487 | 0.4547 | 0.4550 |
| DKK | 1.49 | 1.48 | 1.53 | 1.52 | 1.53 | 1.54 |
| EUR | 11.10 | 11.06 | 11.39 | 11.30 | 11.42 | 11.46 |
| GBP | 13.06 | 12.66 | 13.38 | 13.53 | 13.49 | 13.82 |
| JPY | 0.0670 | 0.0636 | 0.0696 | 0.0707 | 0.0699 | 0.0703 |
| NOK | 0.95 | 0.94 | 0.99 | 0.96 | 0.98 | 0.97 |
| CHF | 11.82 | 11.81 | 11.92 | 11.97 | 12.01 | 12.17 |
| THB | 0.3001 | 0.2903 | 0.2952 | 0.3130 | 0.3006 | 0.3212 |
| TRY | 0.2561 | 0.2265 | 0.3251 | 0.2953 | 0.3222 | 0.3119 |
| USD | 9.93 | 9.42 | 10.46 | 10.09 | 10.56 | 11.03 |
Shares
| Number of shares | A-shares | B-shares | Shares total |
|---|---|---|---|
| Number of shares as of beginning of the year | 8,029,337 | 279,368,113 | 287,397,450 |
| Conversion of shares | –2,045 | 2,045 | – |
| Number of shares as of end of period | 8,027,292 | 279,370,158 | 287,397,450 |
*) Alternative performance measures used in this report are explained on pages 22–23.
1) For information on items affecting comparability, see page 21.
2) Basic numbers of outstanding shares.
3) Rolling four quarters.
Condensed Parent company income statement
| SEKm | Jul–Sep 2025 |
Jul–Sep 2024 |
Jan–Sep 2025 |
Jan–Sep 2024 |
Full-year 2024 |
|---|---|---|---|---|---|
| Net sales | 766 | 784 | 2,383 | 2,350 | 3,346 |
| Cost of goods sold | –546 | –533 | –1,723 | –1,640 | –2,275 |
| Gross operating income | 220 | 251 | 660 | 710 | 1,071 |
| Selling expenses | –117 | –100 | –334 | –323 | –448 |
| Administrative expenses | –67 | –64 | –205 | –201 | –240 |
| Other operating income/expenses | 2 | –12 | –4 | –11 | 2 |
| Operating income | 38 | 75 | 117 | 175 | 385 |
| Financial income/expenses | 209 | –37 | 679 | 191 | 369 |
| Impairment of shares in subsidiaries | – | 3 | – | –1 | –1 |
| Income after financial items | 247 | 41 | 796 | 365 | 753 |
| Appropriations | – | – | – | – | 15 |
| Income before taxes | 247 | 41 | 796 | 365 | 768 |
| Taxes | 8 | 8 | –3 | –51 | –123 |
| Income for the period | 255 | 49 | 793 | 314 | 645 |
Condensed Parent company balance sheet
| SEKm | September 30, 2025 |
September 30, 2024 |
Full-year 2024 |
|---|---|---|---|
| ASSETS | |||
| Non-current assets | 9,404 | 9,617 | 9,750 |
| Current assets | 3,178 | 2,930 | 3,032 |
| Total assets | 12,582 | 12,547 | 12,782 |
| EQUITY AND LIABILITIES | |||
| Restricted equity | 53 | 37 | 38 |
| Non–restricted equity | 7,703 | 6,836 | 7,176 |
| Total equity | 7,756 | 6,873 | 7,214 |
| Untaxed reserves | 76 | 88 | 76 |
| Provisions | 117 | 119 | 123 |
| Non–current liabilities | 1,869 | 2,427 | 2,358 |
| Current liabilities | 2,764 | 3,040 | 3,011 |
| Total equity and liabilities | 12,582 | 12,547 | 12,782 |
Notes
Electrolux Professional Group applies International Financial Reporting Standards (IFRS) as adopted by the European Union. This report has been prepared in accordance with IAS 34, Interim Financial Reporting.
The Group's interim reports contain a condensed set of financial statements. For the Group this chiefly means that the disclosures are limited compared to the annual report. Enumerated amounts presented in tables and statements may not always agree with the calculated sum of the related line items due to rounding differences. The aim is for each line item to agree with its source and therefore there may be rounding differences affecting the total when adding up the presented line items.
The Group's definition of restructuring charges includes estimated costs for personnel reductions and other direct costs related to the termination of the activity, as well as required write-downs of assets and other non-cash items. The charges are calculated based on detailed plans for activities that are expected to improve the Group's cost structure and productivity. In general, the
outcome of similar historical events in previous plans are used as a guideline to minimize these uncertainties.
The accounting principles adopted in the preparation of this interim report apply to all periods and comply with the accounting principles presented in the Group's Annual Report 2024.
For the Parent Company financial statements in general are presented in condensed versions and with limited disclosures compared to the annual report. The interim financial statements of Electrolux Professional AB have been prepared in accordance with the Swedish Annual Accounts Act chapter 9.
The most recent annual financial statements of Electrolux Professional AB have been prepared in compliance with the Swedish Annual Accounts Act (1995:1554) and recommendation RFR2, Accounting for legal entities of the Swedish Financial Reporting Board.
Reportable segments
Food & Beverage and Laundry represent the Group's reportable segments.
Note 1 ACCOUNTING PRINCIPLES Note 2 DISAGGREGATION OF REVENUE
Revenue from sales of products is recognized at a point in time, when control of the products has transferred. Revenue from services related to installation of products, repairs or maintenance service is recognized over the time the service is provided. Sales of these services are not material in relation to the Group's total net sales.
Geography is considered to be an important attribute when disaggregating the reportable segment's revenue. Therefore, the table below presents net sales per geographical region based on the location of the end customer.
| Jul–Sep 2025 | Jul–Sep 2024 | |||||
|---|---|---|---|---|---|---|
| Food & | Food & | |||||
| SEKm | Beverage | Laundry | Total | Beverage | Laundry | Total |
| Geographical region | ||||||
| Europe | 966 | 652 | 1,618 | 976 | 640 | 1,616 |
| Asia Pacific, Middle East and Africa |
204 | 254 | 458 | 225 | 280 | 505 |
| Americas | 528 | 211 | 740 | 578 | 232 | 809 |
| Total | 1,698 | 1,118 | 2,816 | 1,778 | 1,152 | 2,931 |
| Jan–Sep 2025 | Jan–Sep 2024 | ||||||
|---|---|---|---|---|---|---|---|
| Food & | Food & | ||||||
| SEKm | Beverage | Laundry | Total | Beverage | Laundry | Total | |
| Geographical region | |||||||
| Europe | 3,187 | 2,143 | 5,330 | 3,291 | 2,098 | 5,389 | |
| Asia Pacific, Middle East and Africa |
669 | 834 | 1,503 | 673 | 900 | 1,573 | |
| Americas | 1,689 | 562 | 2,251 | 1,707 | 584 | 2,291 | |
| Total | 5,545 | 3,540 | 9,084 | 5,672 | 3,582 | 9,254 |
Note 3 FAIR VALUES AND CARRYING AMOUNTS OF FINANCIAL ASSETS AND LIABILITIES
The Group strives for arranging master-netting agreements (ISDA) with the counterparts for derivative transactions and has established such agreements with the majority of the counterparties, i.e., if a counterparty will default, assets and liabilities will be netted. Derivative assets and liabilities are presented gross in the balance sheet.
Fair value estimation
Valuation of financial instruments at fair value is done at quoted market prices. Level 1 instruments quoted on the market, e.g., the major bond and interest-rate future markets, are all marked-to market with the current price. The foreign-exchange spot rate is
used to convert the value into SEK. For level 2 instruments where no observable price is available on the market, cash flows are discounted using the deposit/swap curve of the cash flow currency. If no proper cash flow schedule is available, e.g., as in the case with forward-rate agreements, the underlying schedule is used for valuation purposes.
To the extent option instruments are used, the valuation is based on the Black & Scholes formula.
The carrying value less impairment provision of trade receivables and payables are assumed to approximate their fair values. The fair value of financial liabilities is estimated by discounting the future contractual cash flows at the current market interest rate. The Group's financial assets and liabilities are measured according to the following hierarchy:
- Level 1: Quoted prices in active markets for identical assets or liabilities.
- Level 2: Inputs other than quoted prices included in Level 1 that are observable for assets or liabilities either directly or indirectly.
- Level 3: Inputs for the assets or liabilities that are not entirely based on observable market data.
| September 30, 2025 | September 30, 2024 | December 31 ,2024 | |||||
|---|---|---|---|---|---|---|---|
| SEKm | Hierarchy level |
Fair value | Carrying amount |
Fair value | Carrying amount |
Fair value | Carrying amount |
| Per category | |||||||
| Financial assets at fair value through profit and loss | 3 | 5 | 5 | 14 | 14 | 14 | 14 |
| Financial assets measured at amortized cost | 2,715 | 2,715 | 2,925 | 2,925 | 2,912 | 2,912 | |
| Derivatives, financial assets at fair value through profit and loss | 2 | 174 | 174 | 99 | 99 | 85 | 85 |
| Total financial assets | 2,894 | 2,894 | 3,038 | 3,038 | 3,010 | 3,010 | |
| Financial liabilities measured at amortized cost | 4,348 | 4,318 | 5,234 | 5,187 | 5,149 | 5,065 | |
| Derivatives, financial liabilities at fair value through profit and loss | 2 | 19 | 19 | 80 | 80 | 53 | 53 |
| Total financial liabilities | 4,367 | 4,337 | 5,314 | 5,267 | 5,202 | 5,118 |
Note 4 CONTINGENT LIABILITIES
| SEKm | September 30, 2025 |
September 30, 2024 |
December 31, 2024 |
|---|---|---|---|
| Group | |||
| Guarantees and other commitments |
10 | 11 | 11 |
Note 5 ACQUIRED OPERATIONS
Acquisitions in 2025
No acquisitions during the third quarter.
Acquisitions in 2024
For acquisitions, see note 5 in the interim report for the third quarter and note 25 in the annual report.
Operations by segment yearly Five year overview
| SEKm | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Food & Beverage | |||||
| Net sales | 4,198 | 4,704 | 7,290 | 7,616 | 7,585 |
| EBITA | 87 | 299 | 679 | 766 | 808 |
| EBITA, % | 2.1 | 6.4 | 9.3 | 10.1 | 10.6 |
| Operating income | 35 | 244 | 542 | 620 | 637 |
| Operating margin, % | 0.8 | 5.2 | 7.4 | 8.1 | 8.4 |
| Laundry | |||||
| Net sales | 3,065 | 3,159 | 3,747 | 4,231 | 4,998 |
| EBITA | 467 | 492 | 608 | 702 | 811 |
| EBITA, % | 15.2 | 15.6 | 16.2 | 16.6 | 16.2 |
| Operating income | 452 | 475 | 590 | 686 | 752 |
| Operating margin, % | 14.7 | 15.0 | 15.7 | 16.2 | 15.0 |
| Group common costs | |||||
| Operating income | –100 | –128 | –177 | –152 | –159 |
| Total Group | |||||
| Net sales | 7,263 | 7,862 | 11,037 | 11,848 | 12,583 |
| EBITA | 456 | 663 | 1,111 | 1,317 | 1,461 |
| EBITA, % | 6.3 | 8.4 | 10.1 | 11.1 | 11.6 |
| Operating income | 387 | 592 | 955 | 1,154 | 1,231 |
| Operating margin, % | 5.3 | 7.5 | 8.7 | 9.7 | 9.8 |
Items affecting comparability yearly
| SEKm | 2020² | 2021 | 2022¹ | 2023 | 2024 |
|---|---|---|---|---|---|
| Food & Beverage | –55 | – | –16 | – | – |
| Laundry | –22 | – | –19 | – | – |
| Total Group | –77 | – | –35 | – | – |
1) Costs related to divesting the operation in Russia, included in the line item other operating income and expenses.
| SEKm, if not otherwise stated | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Net sales | 7,263 | 7,862 | 11,037 | 11,848 | 12,583 |
| Organic growth, % | –21.0 | 10.6 | 16.9 | 2.6 | –0.1 |
| EBITA | 456 | 663 | 1,111 | 1,317 | 1,461 |
| EBITA, % | 6.3 | 8.4 | 10.1 | 11.1 | 11.6 |
| Operating income | 387 | 592 | 955 | 1,154 | 1,231 |
| Operating margin, % | 5.3 | 7.5 | 8.7 | 9.7 | 9.8 |
| Income after financial items | 363 | 587 | 895 | 1,033 | 1,097 |
| Income for the period | 278 | 487 | 686 | 775 | 803 |
| Items affecting comparability | –77 | – | –35 | – | – |
| Capital expenditure | –273 | –159 | –139 | –191 | –316 |
| Operating cash flow after investments |
570 | 1 116 | 636 | 1,453 | 1,548 |
| Earnings per share, SEK¹ | 0.97 | 1.69 | 2.39 | 2.70 | 2.79 |
| Dividend per share, SEK | – | 0.50 | 0.70 | 0.80 | 0.85 |
| Net debt | 549 | 1,705 | 2,050 | 1,390 | 2,481 |
| EBITDA | 684 | 886 | 1,369 | 1,581 | 1,794 |
| Net debt/EBITDA ratio | 0.8 | 1.9 | 1.5 | 0.9 | 1.4 |
| Operating working capital % of net sales² |
19.9 | 14.9 | 16.7 | 18.1 | 16.4 |
| Average number of shares, million |
287.4 | 287.4 | 287.4 | 287.4 | 287.4 |
| Number of employees, end of period |
3,515 | 3,973 | 4,022 | 3,978 | 4,317 |
1) Basic number of outstanding shares
2) Items affecting comparability relates to restructuring charges for efficiency measures.
2) Last twelve months currency adjusted
Definitions and reconciliation of alternative performance measures
Electrolux Professional Group presents certain measures that are not defined under IFRS (alternative performance measures – "APMs"). These are used by management to assess the financial and operational performance of the Group. Management believes that these APMs provide useful information regarding the Group's
financial and operating performance. Such measures may not be comparable to similar measures presented by other companies. Consequently, APMs have limitations as analytical tools and should not be considered in isolation or as a substitute for related financial measures prepared in accordance with IFRS. The APMs have been
derived from the Group's internal reporting and are not audited. The APM reconciliations can be found on the Group's website www.electroluxprofessionalgroup.com/reports-and-presentations/
| APM | Definition | Reason for use | ||
|---|---|---|---|---|
| Organic growth % | Change in sales growth excluding net FX impact and acquisitions. | The Group's presentation currency is SEK while net sales are mainly in other currencies. Organic growth is dependent on fluctuations in SEK versus other currencies, and acquired or divested businesses can have a further impact on reported net sales. Organic growth adjusted for acquisitions, divest ments and currency shows the underlying sales development without these parameters. |
||
| Acquisitions % | Change in net sales during the current period attributable to ac quired operations in relation to prior year sales, following a period of 12 months commencing on the acquisition date. |
See "Organic growth" above. | ||
| Divestments % | Change in net sales during the current period attributable to divested operations in relation to the prior period's sales, following a period of 12 months commencing on the divestment date. |
See "Organic growth" above. | ||
| Operating income (EBIT) | Earnings before interest and tax. | Used as an indicator that shows the Group's ability to make a profit, regardless of the method of financing (determines the optimal use of debt versus equity). |
||
| Operating margin (EBIT margin) | Operating income expressed as a percentage of net sales. | Operating margin shows the operating income as a percentage of net sales. Operating margin is a key internal measure as the Group believes it provides users of the financial statements with a better understanding of the Group's financial performance both short and long term. |
||
| Items affecting comparability |
Material profit or loss items such as capital gains and losses from divestments of product groups or major units, close-downs or significant down-sizing of major units or activities, significant impairment, and other major costs or income items. |
Summarizes events and transactions with significant effects, which are rele vant for understanding the financial performance when comparing income for the current period with previous periods. |
||
| Operating margin excluding items affecting comparability |
Operating income less items affecting comparability as a percent age of net sales. |
Operating margin excluding items affecting comparability shows the oper ating income as a percentage of net sales adjusted for the items affecting comparability defined above. This is a key internal measure as the Group believes that it provides users of the financial statements with a better un derstanding of the Group's financial performance both short and long term. |
||
| Capital expenditure | Investments in property, plant and equipment, product develop ment, and other intangible assets. |
Used to ensure that cash spending is in line with the Group's overall strategy for the use of cash. |
| APM | Definition | Reason for use | |
|---|---|---|---|
| EBITA | Operating income less amortization and write-down related to intangible assets (excluding right-of-use assets). |
EBITA gives an indication of the operating income less amortization and write-down related to intangible assets (excluding right-of-use assets), mainly used to follow up operating income without the impact of amortiza tion of surplus values related to acquisitions. |
|
| EBITA margin | EBITA expressed as a percentage of net sales. | Used to evaluate business performance in relation to net sales in order to measure the efficiency of the Group. |
|
| EBITA excluding items affecting comparability | Operating income less amortization and write-down related to intangible assets (excluding right-of-use assets) and less items affecting comparability. |
Items affecting comparability vary between years and periods and are excluded from EBITA in order to analyze trends. |
|
| EBITA margin excluding items affecting comparability |
EBITA excluding items affecting comparability, expressed as a percentage of net sales. |
Items affecting comparability vary between years and periods and are excluded from EBITA margin in order to analyze trends. |
|
| EBITDA | EBITA less depreciation. | This is an indicator of the cash-generating capacity of the business in relation to sales. |
|
| Operating cash flow after investments | Cash flow from operations and investments adjusted for financial items paid net, taxes paid, and acquisitions/divestments of opera tions. |
To monetarize the cash from core operations. | |
| Net debt | Shows short-term borrowings (short-term loans and trade receiv ables with recourse), accrued interest expenses and prepaid interest income and long-term borrowings, lease liabilities, net provisions for post-employment benefits less liquid funds (cash and cash equiva lents, prepaid interest expenses, and accrued interest income). |
Net debt describes the Group's total debt financing and is monitored by management. |
|
| Net debt/EBITDA | Net debt in relation to EBITDA (Net debt is based on the end-of period balance. EBITDA is calculated based on last four rolling quarters). |
A measurement of financial risk, showing net debt in relation to cash generation. |
|
| Operating working capital, % of net sales | Sum of currency-adjusted last twelve months' average of inven tories, trade receivables, and trade payables (Operating working capital) as a percentage of the currency-adjusted last twelve months' average net sales. All months of the period are currency adjusted by applying the end-of-period average currency rate. |
Used to evaluate how efficient the Group is in generating cash in relation to net sales. |
|
| Net assets | Total assets less liquid funds and pension assets minus non-interest bearing liabilities. (non-interest-bearing = total liabilities less equity, total borrowings, pension liabilities and lease liabilities) |
Net assets describes the operating assets less operating liabilities used to run the business. |
|
| Return on net assets, % | Twelve months rolling operating income expressed as a percent age of average twelve months operating net assets. |
Used to evaluate how efficiently the Group is generating profit from the net assets employed. |
|
| End of period operating working capital, % of annualized net sales |
Sum of currency adjusted end of period trade receivables, trade payables and inventories (Operating working capital) as a per centage of the annualized currency adjusted last three months' average net sales. All months of the period are currency adjusted by applying the end of period average currency rate. |
Snapshot of how end of period operating working capital is evolving compared with average historical trend. |
Meeting targets needs beyond tomorrow
Financial
Net sales growth Organic annual growth of more than
4%
Profitability
15%
Asset efficiency Operating working capital below
15%
Capital structure
2.5x
Higher levels may be temporarily to de-leveraging.
Dividend policy
dividend to correspond to approximately 30% of the income for the year. The timing, declaration, and number of future dividends will depend on the company's financial
Our business
> Product development
and innovation of smart products offering sustainable solutions.
> Production
World-class manufacturing focused on lower environmental impact and an excellent working environment.
> Marketing
focused on making our customers' work-life easier, more profitable and truly sustainable.
> Sales
mainly through dealers and distributors.
> Customer Care
and sales of chemicals, accessories, spare parts and consumables.
Our strategic targets
Our strategy for growth is based on the plans of our Business areas, and rests on four pillars, built on a foundation of operational excellence and sustainability in the supply chain. We want to do our part to improve society and generate value for our stakeholders. We believe that the Agenda 2030 and the UN's Sustainable Development Goals (SDGs) are good indicators of the priorities and challenges that the world is facing.
GROW
through innovation and sustainability.

EXPAND
in high-margin products, segments, and geographies.

BOOST
Customer Care and service-as-a-solution.

INVEST
In digitalization to unlock additional customer value.


These key strengths and competitive advantages drive our development and performance, and they all provide a strong foundation for us to execute our strategy.
Structurally growing end-markets
We operate in a market that structurally has been growing driven by GDP growth, higher income, and people spending more time eating out of the home.
Geographically balanced business
Approximately half of our sales are in Europe and the other half equally distributed between the Americas and APAC-MEA. This makes us less dependent on any single geography and its economic progress.
Track record of solid EBITA and cash flow
We have always – even during the pandemic and other major economic downturns – been a profitable company generating strong cash conversion and cash flow.
Focused plan to grow organically, supported by M&A
We have the products and the activities in place to grow organically. In addition, we have been able to complete an average of one acquisition per year to further grow the company.
Innovation focused
In order to drive growth and profitability, and also to provide products that increase customer productivity and efficiency, we invest more in R&D than the industry average.
Sustainability leader
We are the sustainability leader in our industry, according to external rankings such as CDP, Sustainalytics, and EcoVadis. All new products we launch have improved sustainability performance.
Shareholders information
President and CEO Alberto Zanata's comments on the third quarter results 2025
Today's press release is available on the Electrolux Professional Group website www.electroluxprofessionalgroup.com
Telephone conference 09.00 CET
A telephone conference is held at 09.00 today, October 29. Alberto Zanata, President and CEO and Fabio Zarpellon, CFO will comment on the report.
Details for participation by telephone are as follows:
Participants in Sweden: +46 8 505 100 31 Participants in UK/Europe: +44 207 107 0613 Participants in US: +1 631 570 5613
Slide presentations for download:
www.electroluxprofessionalgroup.com
Link to webcast:
electrolux-professional-group.creo.se/118ee587-e6bd-4c0d-9e5ed7c541091bc4
For further information, please contact:
Jacob Broberg, Chief Communication & Investor Relations Officer, +46 70 190 00 33
Financial calendar
Date
| Investor Day, Stockholm | November 6, 2025 |
|---|---|
| Year-end report Q4, October - December 2025 | January 29, 2026 |
| Interim report Q1, January - March 2026 | April 28, 2026 |
| Annual General Meeting, Stockholm | May 5, 2026 |
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 in the column above, at 07:30 a.m. CET on October 29, 2025.
About Electrolux Professional Group
The Electrolux Professional Group is one of the leading global providers of food service, beverage, and laundry for professional users. Our innovative products and worldwide service network make our customers' work-life easier, more profitable – and truly sustainable every day. Our solutions and products are manufactured in 14 plants in eight countries and sold in over 110 countries. We have approximately 4,300 employees. In 2024, the Electrolux Professional Group had global sales of SEK 12,5bn. Electrolux Professional's B-shares are listed at Nasdaq Stockholm.
For more information, visit https://www.electroluxprofessionalgroup.com
This report contains 'forward-looking' statements that reflect the company's current expectations. Although the company believes that the expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations prove to have been correct as they are subject to risks and uncertainties that could cause actual results to differ materially due to a variety of factors. These factors include, but are not limited to, changes in consumer demand, changes in economic, market and competitive conditions, currency fluctuations, developments in product liability litigation, changes in the regulatory environment and other government actions.
Forward-looking statements speak only as of the date they were made, and, other than as required by applicable law, the company undertakes no obligation to update any of them in light of new information or future events.

Electrolux Professional AB (publ), 556003-0354 Postal and visiting address: Franzéngatan 6, SE-112 51 Stockholm, Sweden Telephone: +46 8 41056450
Website: www.electroluxprofessionalgroup.com
