Brief: Nilfisk Q3 EBITDA Ex. Items Rises To EUR 34.5 Mln

Nilfisk Holding A/S

24/11/2021 06:38

Nov 24 (Reuters) - Nilfisk Holding A/S  NLFSK.CO :
    * NILFISK Q3 2021 RESULTS: ORGANIC GROWTH OF 17.9% AND
RECORD
VOLUME IN DEMAND AND ORDER INTAKE ACROSS ALL REGIONS AND
SEGMENTS
    * WE CONTINUED TO SEE A POSITIVE DEVELOPMENT IN Q3 OF 2021
AS SEEN
IN FIRST HALF OF YEAR WITH A RECORD VOLUME IN DEMAND AND ORDER
INTAKE
    * Q3 REVENUE WAS 239.2 MEUR DRIVEN BY HIGHER ORDER INTAKE
ACROSS
ALL REGIONS AND SEGMENTS
    * WE CAN NOW LIFT OUR GUIDANCE FOR REVENUE FOR FULL YEAR TO
AN
ORGANIC GROWTH IN RANGE OF 17% - 18%
    * EBITDA BEFORE SPECIAL ITEMS INCREASED IN Q3 2021 COMPARED
TO Q3
2020 BY 35.3% AND REACHED 34.5 MEUR, LEADING TO AN EBITDA MARGIN
OF 14.4%
    * FOR EBITDA MARGIN BEFORE SPECIAL ITEMS, WE INCREASE LOWER
END OF
GUIDANCE TO 14% AND EXPECT EBITDA MARGIN FOR FULL YEAR IN RANGE
OF 14% TO 15%
    * FREE CASH FLOW IN QUARTER INCREASED SIGNIFICANTLY TO 14.5
MEUR,
VERSUS 5.6 MEUR IN Q3 2020
    * WE ALSO FORESEE THAT SUBSTANTIALLY HIGHER FREIGHT AND
MATERIAL
COSTS, WHICH WE ARE EXPERIENCING AT MOMENT, WILL AFFECT US FOR
NEXT QUARTERS AND ARE POTENTIALLY OVERCOMPENSATING POSITIVE
EFFECTS OF PRICE AND OPERATIONAL LEVERAGE

Source text for Eikon:  ID:nGNE5FQYZ 
Further company coverage:  NLFSK.CO 

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