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The IEEPA (International Emergency Economic Powers Act) tariff program was introduced in February 2025 and expanded through April 2025. Following the U.S Supreme Court’s ruling in February 2026 that IEEPA does not grant authority to impose tariffs, the Court of International Trade ordered refunds for importers. The U.S. Customs and Border Protection has since implemented a refund process, administered through a dedicated system. Phase 1 opened for refund claims on April 20, 2026. Phase 2, which covers the majority of entries relevant to Electrolux Group, opened on June 29, 2026.
STOCKHOLM, June 30, 2026 /PRNewswire/ — Electrolux Group has today submitted refund claims related to Phase 2. As a consequence, a positive non-recurring item (NRI) of approximately USD 61 million, related to 2025, will be recognized in operating income in Region North America in the second quarter of 2026. Also, an amount of approximately USD 27 million related to the first quarter 2026, will be recognized as part of cost of goods sold (COGS) in Region North America in the second quarter 2026.
The interim report for the second quarter 2026 will be published on July 29, 2026, at approximately 07.00 CEST.
Supplement to the rights issue prospectus
As a consequence of this announcement, Electrolux Group will prepare and publish a supplement to the rights issue prospectus that was published on May 28, 2026. The prospectus supplement will be published as soon as it has been approved by the Swedish Financial Supervisory Authority (Sw. Finansinspektionen).
This is information that AB Electrolux is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, on 29-06-2026 20:00 CET.
CONTACT:
For more information:
Ann-Sofi Jönsson, Head of Investor Relations & Sustainability Reporting, ann-sofi.jonsson@electrolux.com, +46 73 025 1005
Maria Åkerhielm, Investor Relations Manager, maria.akerhielm@electrolux.com, +46 70 796 3856
Henry Sjölin, Investor Relations Manager, henry.sjolin@electrolux.com, +46 76 863 51 85
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Press release 2026-06-29 IEEPA tariffs refund (eng) |
View original content:https://www.prnewswire.com/apac/news-releases/electrolux-group-submits-claims-related-to-refund-of-ieepa-tariffs-of-approx-usd-88-million-302813654.html
SOURCE Electrolux
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Source: PR Newswire
