Brief: Electrolux Professional Q3 Operating Income Rises To SEK 183 Million

Electrolux Professional AB (publ)

28/10/2021 07:14

Oct 28 (Reuters) - Electrolux Professional publ AB
 EPROb.ST :
    * ELECTROLUX PROFESSIONAL PUBL AB - Q3 NET SALES SEK 1,935
MILLION
VERSUS SEK 1,748 MILLION YEAR AGO
    * Q3 OPERATING INCOME SEK 183 MILLION VERSUS SEK 81 MILLION
YEAR
AGO
    * IN SOME COUNTRIES MARKET IS NOW BACK TO PRE-PANDEMIC
LEVELS,
SPEAR-HEADED BY US.
    * INCREASED DEMAND, ESPECIALLY IN US
    * CHINA CONTINUED TO HAVE STRONG GROWTH WHILE SOUTH EAST
ASIA WAS
WEAKER
    * SALES HAVE NOT FOLLOWED AS FAST AS ORDER INTAKE, PARTLY
DUE TO
SHORTAGE OF CRAFTSMEN AMONG OUR CUSTOMERS
    * HIGHER RAW MATERIAL PRICES THIS YEAR ARE PARTIALLY BEING
OFFSET
BY PRICE INCREASE IN JULY
    * MOST OF RAW MATERIAL FOR FIRST HALF OF 2022 HAS BEEN
SECURED BUT
AT A HIGHER COST THAN THIS YEAR'S AVERAGE.
    * WE HAVE ANNOUNCED ADDITIONAL PRICE INCREASES FROM JANUARY
2022.
    * ORDER INTAKE CONTINUE TO BE STRONG AND OUR ORDER STOCK IS
ON A
RECORD HIGH LEVEL.

Source text for Eikon:  ID:nWkr9v7Vs5 
Further company coverage:  EPROb.ST 

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