Brief: Electrolux Q3 EBITA Up At SEK 317 Mln

Electrolux Professional AB (publ)

27/10/2022 07:21

Oct 27 (Reuters) - Electrolux Professional publ AB
 EPROb.ST :
    * Q3 NET SALES SEK 2,782 MILLION VERSUS SEK 1,935 MILLION
YEAR AGO
    * Q3 EBITA SEK 317 MILLION VERSUS SEK 199 MILLION YEAR AGO
    * Q3 NET INCOME SEK 195 MILLION VERSUS SEK 135 MILLION YEAR
AGO
    * RECOVERY OF HOSPITALITY INDUSTRY CONTINUED DURING Q3,
RESULTING
IN SIXTH CONSECUTIVE QUARTER OF SALES GROWTH FOR US
    * ORGANIC SALES GROWTH WAS STRONG IN ALL REGIONS, BUT
PARTICULARLY
STRONG IN AMERICAS
    * HIGHER EBITA WAS PRIMARILY DRIVEN BY PRICE, AND
CONTRIBUTION
FROM UNIFIED BRANDS, WHEREAS SOME CONTINUED INEFFICIENCIES AND
COST INCREASES IN SUPPLY CHAIN HAVE BURDENED
    * OUTLOOK : ORDER STOCK IS STILL HIGHER THAN LAST YEAR, IN
PARTICULAR IN LAUNDRY AND IN NORTH AMERICA WHICH GIVES
CONFIDENCE SHORT TERM
    * OUTLOOK: HOWEVER, THE GENERAL ECONOMIC UNCERTAINTY AND
NEGATIVE
CONSUMER SENTIMENT, GIVES REASON TO BE CAREFUL
    * OUTLOOK: COMPONENT SHORTAGES THAT WE EXPERIENCED IN THE
SECOND
QUARTER ARE SOLVED AND SHOULD NOT HAVE AN IMPACT IN THE COMING
MONTHS
    * COSTS FOR RAW MATERIAL ARE NOW BEING COMPENSATED BY PRIOR
PRICE
INCREASES AND IS FORESEEN TO REMAIN SO IN Q4

Source text for Eikon:  ID:nWkr9Kbl7W 
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