Brief: Nilfisk Q4 EBITDA Ex. Items At EUR 33.9 Million

Nilfisk Holding A/S

01/03/2019 06:36

March 1 (Reuters) - Nilfisk Holding A/S  NLFSK.CO :
    * REG-NILFISK ANNUAL REPORT 2018: GOOD PROGRESS TOWARDS
SIMPLIFYING NILFISK IN A CHALLENGING YEAR
    * REG-NILFISK ANNUAL REPORT 2018: GOOD PROGRESS TOWARDS
SIMPLIFYING NILFISK IN A CHALLENGING YEAR
    * TOTAL NILFISK BRANDED PROFESSIONAL BUSINESS ACROSS ALL
REGIONS
AND SEGMENTS SHOWED ORGANIC GROWTH OF 2.8%
    * OUTLOOK 2019: ORGANIC GROWTH IN NILFISK BRANDED
PROFESSIONAL
BUSINESS: ABOVE 3.0%
    * 2019 OUTLOOK: EBITDA MARGIN BEFORE SPECIAL ITEMS: ABOVE
14.4%
    * OUTLOOK 2019: ORGANIC GROWTH IN CONSUMER BUSINESS:
APPROXIMATELY
0%
    * " TOTAL ORGANIC GROWTH OF 2.0% WAS CLEARLY BELOW OUR
EXPECTATIONS"
    * OUTLOOK 2019: ORGANIC GROWTH IN TOTAL BUSINESS:
APPROXIMATELY
2.0%
    * Q4 EBITDA EX.  ITEMS EUR 33.9 MILLION VERSUS EUR 26.7
MILLION
YEAR AGO
    * OUTLOOK 2019: ORGANIC GROWTH IN PRIVATE LABEL BUSINESS:
APPROXIMATELY -10.0%
    * Q4 REVENUE EUR 258.7 MILLION VERSUS EUR 280.2 MILLION YEAR
AGO
    * SAYS 2018 WAS A CHALLENGING YEAR IN TERMS OF DELIVERING
FINANCIAL RESULTS WE EXPECTED
    * SAYS TOTAL ORG GROWTH WAS BELOW OUR EXPECTATIONS, WHICH IN
PART
WAS DUE TO UNSATISFACTORY PERFORMANCE IN US BUSINESS
    * GROSS MARGIN WAS 42.0% IMPACTED BY INCREASING RAW MATERIAL
PRICES AND TARIFFS
    * IN 2019, WE EXPECT TO INCUR 13-15 MEUR RELATED TO THE
EXECUTION
OF INITIATIVES UNDER THE COST SAVING PROGRAM.
    * THE IMPACT OF IFRS 16 ON THE EBITDA MARGIN BEFORE SPECIAL
ITEMS
IN 2019 IS EXPECTED TO BE APPROXIMATELY 2.4 PERCENTAGE POINTS
    * FOR 2019, WE HAVE DEDICATED APPROXIMATELY 20 MEUR TO
FURTHER
INVESTMENTS TO BUILD THE FUTURE.

Source text for Eikon:  ID:nGNE95HrPc 
Further company coverage:  NLFSK.CO 

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