Brief: Electrolux Professional Q2 EBITA Up At SEK 233 Mln

Electrolux Professional AB (publ)

22/07/2022 07:14

July 22 (Reuters) - Electrolux Professional publ AB  EPROb.ST :
    * "STRONG SALES GROWTH AND INCREASED EBITA, DESPITE NEGATIVE IMPACT FROM COMPONENT SHORTAGE
    * Q2 REVENUE SEK 2,731 MILLION VERSUS SEK 1,958 MILLION YEAR AGO
    * Q2 WAS FIFTH CONSECUTIVE QUARTER OF STRONG SALES GROWTH, WHICH UNDERLINES SOLID RECOVERY
OF
HOSPITALITY INDUSTRY
    * Q2 EBITA SEK 233 MILLION VERSUS SEK 197 MILLION YEAR AGO
    * DESPITE UNCERTAIN GEOPOLITICAL SITUATION, AND SIGNIFICANT INFLATION IN WORLD, OUR MAIN
CUSTOMER
BASE IN HOSPITALITY INDUSTRY IS CURRENTLY EXPERIENCING A HIGH ACTIVITY AND DEMAND LEVEL
    * Q2 NET INCOME SEK 132 MILLION VERSUS SEK 168 MILLION YEAR AGO
    * HIGH ORDER STOCK, IMPROVED COMPONENT AVAILABILITY AND A POSITIVE PRICE IMPACT, GIVES US A
GOOD
FOUNDATION FOR NEXT QUARTER

Source text for Eikon:  ID:nWkr7f1Kvs 
Further company coverage:  EPROb.ST 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))