Brief: Nilfisk Q2 EBITDA Ex. Items Rises To EUR 41.9 Mln

Nilfisk Holding A/S

01/09/2021 07:33

Sept 1 (Reuters) - Nilfisk Holding A/S  NLFSK.CO :
    * REG-NILFISK Q2 2021 RESULTS: ORGANIC GROWTH OF 38.5% AND
SUSTAINED STRONG ORDER INTAKE ACROSS REGIONS
    * STRONG DEMAND IN QUARTER WITH ORGANIC GROWTH OF 38.5% IN
TOTAL
BUSINESS FOLLOWING ORGANIC GROWTH OF 11.9% IN Q1.
    * WE MAINTAIN OUR OUTLOOK AS ANNOUNCED ON JULY 13, 2021.
    * EBITDA BEFORE SPECIAL ITEMS MORE THAN DOUBLED IN Q2 2021
COMPARED TO Q2 2020
    * WE EXPECT FULL-YEAR ORGANIC GROWTH AND EBITDA MARGIN
BEFORE
SPECIAL ITEMS TO MATERIALIZE IN UPPER END OF RANGE.
    * OVERHEAD COST RATIO IMPROVED BY 7.7 PERCENTAGE POINTS OVER
PRIOR
YEAR.
    * Q2 REVENUE EUR 257.8 MILLION VERSUS EUR 191.1 MILLION YEAR
AGO
    * Q2 EBITDA EX. ITEMS EUR 41.9 MILLION VERSUS EUR 20.1
MILLION
YEAR AGO
    * MOST REGIONS AND SEGMENTS CONTRIBUTED TO STRONG
PERFORMANCE
    * GROWTH IS RESULT OF A BROAD-BASED MARKET RECOVERY COMBINED
WITH
SUCCESSFUL ACTIVATION OF SEVERAL BUSINESS INITIATIVES

Source text for Eikon:  ID:nGNE8ngV5q 
Further company coverage:  NLFSK.CO 

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