Electrolux Professional jumps after strong Q1 results

Electrolux Professional AB (publ)

25/04/2023 08:49

** Shares in Electrolux Professional  EPROb.ST  rise 11%
after the Swedish provider of food service, beverage and laundry
solutions reported Q1 results ahead of market estimates
    ** Q1 EBITA came in at SEK 340 million ($33.17 million) with
a margin of 11.4%
    ** Kepler Cheuvreux via Swedbank Aktiellt equity research
service says this was 18% better than consensus, driven by
Laundry division
    ** "Nice numbers should make the consensus increase 3-5%,"
it adds
    ** The stock is on track for its best day since November
2020

($1 = 10.2505 Swedish crowns)

 (Reporting by Jagoda Darlak)
 ((jagoda.darlak@tr.com))