Net Sales Growth
Electrolux reported a net sales increase of 4.6% in Q3, driven mainly by North America where the company gained shop floor space and expanded in key channels.
Operating Margin Improvement
Operating margin increased to 2.8% with continued progress in cost reduction, adding SEK 800 million to the SEK 2 billion achieved in the first half of the year.
Market Share Gains
The company reported growth in market share across three regions with main brands Electrolux, AEG, and Frigidaire.
Innovation and Product Launches
New product innovations were launched, such as the AEG FAVORIT dishwasher and the stone-baked pizza oven in North America, contributing to market share gains.
Cost Efficiency Achievements
Total cost reductions of SEK 2.8 billion year-to-date, with a target of SEK 3.5 billion to SEK 4 billion for the full year, driven by product redesign and better sourcing.