Electrolux posts strong operating profit, net loss amid restructuring

Swedish home‑appliance maker Electrolux reported its second‑quarter 2026 results (April‑June). Operating profit rose to 1.2 bn SEK, well above analysts' 617 m SEK expectation, driven by cost‑efficiency measures and growth in Europe, Asia‑Pacific and Latin America. However, the company posted a net loss of 1.6 bn SEK, mainly due to one‑off restructuring charges of about 2.2 bn SEK tied to a partnership with China’s Midea Group in North America and a global reorganisation of plants and supply chains.

Revenue grew 2 % organically to 31.6 bn SEK, with price hikes of 5‑20 % offsetting higher tariffs imposed by the United States under Section 232 (also affecting Mexico). Electrolux’s balance sheet was bolstered by a capital increase of roughly 9.1 bn SEK, giving it more flexibility for the ongoing transformation. The company faces tougher demand in North America as consumers curb spending on appliances, while competition from lower‑cost Chinese and Turkish rivals intensifies. Planned actions include selling part of its Mexican assets and cutting 2026 investment spending to 3‑3.5 bn SEK.