Brief: Nilfisk Q1 Keeps 2023 Outlook Unchanged

Nilfisk Holding A/S

17/05/2023 06:58

May 17 (Reuters) - Nilfisk Holding A/S  NLFSK.CO :
    * REPORTS Q1 2023 RESULTS: IN LINE WITH COMPANY PLAN,
OUTLOOK FOR
2023 CONFIRMED
    * FOR Q1 OF 2023, SERVICE AND SPECIALTY, PERFORMED WELL AND
DELIVERED STRONG ORGANIC GROWTH, BENEFITING FROM OUR CONTINUED
STRATEGIC FOCUS
    * QUARTER WAS IMPACTED NEGATIVELY BY CONSEQUENCES OF
ECONOMIC
SLOWDOWN, PARTICULARLY IN EUROPE, AND TO A LESSER EXTENT IN
NORTH AMERICA, WHILE APAC PERFORMED VERY WELL
    * CONTINUE TO SEE A MARKET SLOWDOWN IN EUROPE, ESPECIALLY IN
CONSUMER BUSINESS AND PRIVATE LABEL PART OF PROFESSIONAL
BUSINESS
    * DILIGENT PRICING ACTIONS CONTINUED TO POSITIVELY IMPACT
PROFITABILITY
    * OVERHEAD COST RATIO IS EXPECTED TO DECLINE DURING 2023
    * EXPECT THAT CURRENT MACROECONOMIC UNCERTAINTY WILL
CONTINUE INTO
2023, LEADING TO SOME VOLUME DECLINE, PARTICULARLY IN EUROPEAN
MARKET

Source text for Eikon:  ID:nGNEbbb6Ty 
Further company coverage:  NLFSK.CO 

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