Brief: Electrolux Professional Says Market Demand Held Up Well In Q1, US Somewhat Soft

Electrolux Professional AB (publ)

25/04/2023 07:19

April 25 (Reuters) - Electrolux Professional AB (publ)  EPROb.ST :
    * Q1 NET SALES AMOUNTED TO SEK 2,968M (2,484)
    * Q1 EBITA AMOUNTED TO SEK 340M (236), CORRESPONDING TO A MARGIN OF 11.4% (9.5)
    * MARKET DEMAND HAS HELD UP WELL IN QUARTER, ALTHOUGH US WAS SOMEWHAT SOFT
    * BASED ON MARKET DEMAND, OUR CURRENT ORDER STOCK, WE REMAIN CAUTIOUSLY OPTIMISTIC FOR NEXT
QUARTER
    * Q1 FOOD AND BEVERAGE ACHIEVED AN ORGANIC SALES GROWTH OF 9.1%
    * Q1 LAUNDRY ACHIEVED AN ORGANIC SALES GROWTH OF 19.6%

Source text for Eikon:  ID:nWkr7tnCm7 
Further company coverage:  EPROb.ST 

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