Brief: Electrolux Professional Q4 EBITA SEK 302 Mln Vs Consensus SEK 292 Mln

Electrolux Professional AB (publ)

01/02/2024 06:42

Feb 1 (Reuters) - Electrolux Professional AB (publ)
 EPROb.ST :
    * Q4 NET SALES SEK 2,974 MILLION VERSUS COMPANY PROVIDED
CONSENSUS
SEK 2,872 MILLION
    * Q4 EBITA SEK 302 MILLION VERSUS COMPANY PROVIDED CONSENSUS
SEK
292 MILLION
    * SALES DECLINE WE SAW DURING Q3 CONTINUED DURING Q4 BUT AT
A
LOWER RATE, LEADING TO AN ORGANIC SALES DECLINE OF 3.7%
    * SALES OF FOOD & BEVERAGE DECLINED ORGANICALLY BY 4%
COMPARED TO
LAST YEAR
    * SALES OF LAUNDRY DECLINED BY 3% ORGANICALLY COMPARED TO A
SALES
CATCH-UP IN CORRESPONDING QUARTER OF LAST YEAR, DUE TO COMPONENT
SHORTAGES IN Q2
    * THANKS TO A BETTER WORKING CAPITAL DEVELOPMENT, OPERATING
CASH
FLOW AFTER INVESTMENTS CONTINUED TO BE STRONG, AMOUNTING TO SEK
570M (533) IN QUARTER
    * WITH ACQUISITION OF TOSEI, WHICH WAS ANNOUNCED IN
DECEMBER, WE
ARE GROWING IN ATTRACTIVE SEGMENTS IN ASIA
    * Q4 EBITA MARGIN 10.1% VERSUS COMPANY PROVIDED CONSENSUS
10.2%
    * PROPOSES A DIVIDEND OF SEK 0.80 (0.70) PER SHARE

Source text for Eikon:  ID:nWkr2qkckJ 
Further company coverage:  EPROb.ST 

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