Electrolux (ELUX) AGM 2026 summary

Opening remarks and agenda

• Meeting opened by the Chairman, with board members, CEO, and secretary present; Eva Hägg elected as meeting chair.

• Security, practical instructions, and live streaming arrangements were outlined for attendees and remote participants.

• Voting list approved, with over 90% of votes represented via postal voting and 32% of shares.

• Agenda and minutes checkers approved; meeting confirmed as properly convened.

Financial performance review

• 2025 turnover reached SEK 131 billion, with 3.9% organic growth, close to the 4% midterm target.

• EBIT was SEK 3.7 billion (2.8% margin), RONA at 9.4%, and positive cash flow of SEK 2 billion.

• SEK 4 billion in cost efficiencies delivered, with savings achieved through product cost takeout and operational improvements.

• North America saw 6.1% organic sales growth and reduced losses, but profitability remains a challenge.

• Liquidity at SEK 32.7 billion, leverage at 3, with a target to reduce below 2.

Board and executive committee updates

• Board and committees met 35 times in 2025, with high attendance and regular evaluation of board effectiveness.

• Strategic Planning Committee supported management on key strategic focus areas, expected to continue for one more year.

• Two new board members elected: Lena Glader and Anko van der Werff; David Porter stepped down after 10 years.