Correction: Missing MAR label in previous press release "Electrolux Group Interim report Q1 2025"

Core Viewpoint - Electrolux Group reported solid organic sales growth of 7.9% in Q1 2025, driven by North America and Latin America, while facing increased market uncertainty and adjusting its outlook for the year [4][5][6]. Financial Performance - Net sales reached SEK 32,576 million, an increase from SEK 31,077 million, with organic sales growth of 7.9% compared to a decline of 3.7% in the previous year [6]. - Operating income improved significantly to SEK 452 million, up from a loss of SEK 720 million, resulting in an operating margin of 1.4%, compared to -2.3% last year [6]. - Income for the period was SEK 42 million, a recovery from a loss of SEK 1,230 million, with earnings per share at SEK 0.16, up from -4.55 [6]. Market Environment - The market environment showed increased uncertainty, particularly in North America and Europe, where consumer confidence declined due to economic concerns and U.S. trade policy developments [4][5]. - In Latin America, consumer demand increased slightly, mainly driven by Brazil, amidst rising competitive pressure [4]. Strategic Initiatives - The company is focused on driving profitable growth through investments in innovation and marketing, aiming for SEK 3.5-4 billion in cost savings for the full year 2025 [7]. - Cost reduction initiatives contributed SEK 1.4 billion in efficiency for the quarter, supporting improved financial performance [6][7]. Outlook - The demand outlook for home appliances is increasingly uncertain, leading to an adjustment in the market outlook for North America from "Neutral" to "Neutral to negative" for 2025 [5]. - The company expects a positive impact from volume/price/mix due to price increases aimed at offsetting tariff-related cost inflation, changing the external factors outlook from "Negative" to "Significantly negative" [5].