April 23 (Reuters) - Electrolux AB ELUXb.ST:

• ELECTROLUX GROUP AND MIDEA GROUP FORM A HIGHLY COMPLEMENTARY LONG-TERM STRATEGIC PARTNERSHIP IN NORTH AMERICA TO ACCELERATE PROFITABLE GROWTH AND STRENGTHEN INNOVATION

• PARTNERSHIP EXPECTED TO AFFECT 1,500 EMPLOYEES IN 2026 WITH SEK 0.9 BILLION NEGATIVE CASH NRI

• PARTNERSHIP EXPECTED TO CONTRIBUTE SEK 0.6 BILLION IN COST EFFICIENCY IMPROVEMENTS IN YEAR THREE

• GROUP EXPECTS THAT PARTNERSHIP WILL HAVE A POSITIVE EFFECT ON ELECTROLUX GROUP'S SALES

• PARTNERSHIP STRUCTURED AS THREE JOINT VENTURES INCLUDING SALES JV FOR FOOD PRESERVATION

• GROUP EXPECTS TO REPORT TOTAL NEGATIVE NON-RECURRING ITEMS ("NRIS") OF APPROXIMATELY SEK 2.4 BILLION

• TO HOLD 55% AND MIDEA 45% IN ANDERSON MANUFACTURING JV

• MIDEA GROUP TO PURCHASE 65% OF FOOD PRESERVATION ASSETS IN JUAREZ, ELECTROLUX RETAINS 35%

• SALE OF JUAREZ ASSETS TO JV EXPECTED IN Q3 2026 WITH SEK 1.0 BILLION POSITIVE CASH FLOW

• PARTNERSHIP WILL NOT IMPACT ELECTROLUX GROUP'S BUSINESS OUTLOOK FOR 2026

• CFIUS APPROVES ELECTROLUX GROUP AND MIDEA GROUP DEALS

• PARTNERSHIP EXPECTED TO REQUIRE SEK 1.1 BILLION IN CAPITAL EXPENDITURE OVER NEXT THREE YEARS

• ELECTROLUX - EXPECTS TO REPORT TOTAL NEGATIVE NON-RECURRING ITEMS ("NRIS") OF APPROXIMATELY SEK 2.4 BILLION, IN Q2 OF 2026

• ELECTROLUX GROUP AND MIDEA GROUP FORM A HIGHLY COMPLEMENTARY LONG-TERM STRATEGIC PARTNERSHIP IN NORTH AMERICA TO ACCELERATE PROFITABLE GROWTH AND STRENGTHEN INNOVATION

Source text: ID:nWkr7xG6T1

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