Electrolux Professional rises on Q4 profit above estimates

Electrolux Professional AB (publ)

01/02/2024 09:11

** Shares in Electrolux Professional  EPROb.ST  rise 5.8%
after the Swedish provider of food service, beverage and laundry
solutions posted Q4 results above market expectations
    ** Its Q4 EBITA came in at SEK 302 million ($28.87 million),
beating the SEK 292 million estimate seen in a consensus
provided by the company
    ** Sales decline we saw during Q3 continued during Q4 but at
a lower rate, the company said in an earnings statement
    ** The company's Q4 net sales, of SEK 2,974 million, also
beat the estimated SEK 2,872 million
    ** Share on track for a best day since 2023-11-14, when it
closed 6.1% higher
    

($1 = 10.4589 Swedish crowns)

 (Reporting by Elviira Luoma)
 ((Elviira.luoma@thomsonreuters.com))