Brief: Electrolux Professional Q1 Operating Income Falls To SEK 88 Mln

Electrolux Professional AB (publ)

27/04/2021 07:07

April 27 (Reuters) - Electrolux Professional publ AB
 EPROb.ST :
    * Q1 NET SALES AMOUNTED TO SEK 1,661M (2,091)
    * Q1 EBITA AMOUNTED TO SEK 103M (221), CORRESPONDING TO A
MARGIN
OF 6.2% (10.6)
    * Q1 OPERATING INCOME AMOUNTED TO SEK 88M (205)
    * ELECTROLUX PROFESSIONAL PUBL AB - Q1 ORGANICALLY SALES
DECREASED
BY 15.3%
    * SAYS STILL STRONGLY IMPACTED BY PANDEMIC, BUT SIGNS OF
RECOVERY
    * IN Q1  NEW FACTORY BUILDING IN THAILAND AND TRANSFER OF
PRODUC-TION OF LAUNDRY HAS BEEN COMPLETED
    * TRANSFER OF BEVERAGE PRODUCTS IS ONGOING AND IS EXPECTED
TO BE
FINALIZED IN JUNE
    * IN MARCH, SALES GREW YEAR-OVER-YEAR FOR FIRST TIME IN MORE
THAN
12 MONTHS, BUT STILL BEHIND 2019 LEVELS

Source text for Eikon:  ID:nWkr2qXSfj 
Further company coverage:  EPROb.ST 

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