Strong Organic Growth
Electrolux reported a solid organic growth of 7.9%, mainly driven by North America and Latin America, leading to an operating margin of 1.4% and a year-over-year improvement of SEK 1.2 billion.
Positive Performance in North America
North America experienced a 12.2% growth in organic sales, fueled by new product launches in the premium segment, with a focus on laundry, refrigeration, and cooking.
Significant Cost Reduction Achievements
The company reported SEK 1.4 billion in cost savings for the first quarter, contributing to improved operating margins across all regions.
Sustainability Leadership
Electrolux was recognized by the Financial Times as a leader in sustainability, ranking 32 out of 500 companies. The company has ambitious targets for reducing emissions by 2030.