Q3, 2025
“Improved underlying profitability – efficiency program launched
The third quarter of 2025 showed organic growth and improved underlying profitability. During the quarter an efficiency program to streamline our operations and improve profitability was launched.
Despite the geopolitical situation that continues to create uncertainty, we took another step in the right direction during the quarter.
Food & Beverage continue to grow
Sales of Food & Beverage increased by 1.2% organically, continuing the positive trend from the previous quarter. Sales grew in Europe and in the US Food business whereas Beverage in the US declined. Due to the postponement of some large orders, sales in Asia Pacific, Middle East and Africa declined. EBITA margin improved compared to last year. Order intake for Food & Beverage was higher than last year.
Improved margin in Laundry
After five consecutive quarters of organic growth, sales in Laundry were flat compared to last year when sales growth was strong. This year, sales grew in Europe, but declined in the US and in Asia Pacific, Middle East and Africa. The EBITA margin improved somewhat, despite a 0.9 ppt negative margin impact from currency, but also the impact from tariffs. Order intake is lower than last year, but is entirely related to inventory reduction by our distributor in the US. However, the US sales outlook is still positive, and the order stock in the US is at its highest level in the past few years.
Program launched to streamline the company and improve profitability
In September we launched a program to safeguard future competitiveness and improve profitability including consolidation of production. These measures are expected to generate savings of SEK 85m in 2026 and SEK 175m in 2027.
In addition to addressing efficiency and cost savings, the program also encompasses a strategic shift in competencies, which includes the allocation of resources and the development of capabilities, with particular emphasis on advancing sales and digital initiatives.
Continued investment in R&D to prepare for new product launches and growth
Due to our extensive ongoing new product developments in both cooking and laundry, our R&D expenses remain above normal levels. However, we expect to be able to gradually decrease R&D costs from the second half of 2026. The product launches are expected to create customer value already next year.
Summing up nine months of the year, we have increased organic sales and continued to improve the underlying EBITA margin compared to the corresponding period of last year.
The combination of important product launches ahead of us, the efficiency program and actions to enhance our sales capabilities, means we should be on the right path towards profitable growth.”
Alberto Zanata, President and CEO