Electrolux Professional Ab Class B · OMXSTO:EPRO_B
Electrolux Professional Ab Class B — Q1 2023 Earnings Presentation
13 slides from Electrolux Professional Ab Class B's earnings presentation, Apr 25, 2023
Slide 1: Q1 2023 result presentation
Q1 2023 result presentation Alberto Zanata, President and CEO Fabio Zarpellon, CFO ”Market demand has held up well in the quarter, although the US was somewhat soft.”
Slide 2: Q1 highlights
Q1 highlights Healthy market and improved SEKm Jan-Mar Jan-Mar Change, % profitability 2023 2022 Net sales 2,968 2,484 19.5 EBITA 340 236 44 • Sales increased by 19.5% EBITA margin, % 11.4 9.5 • Organically, sales increased by 12.7%. Operating cash flow after • EBITA increased by 44%, to SEK 340m (2
Slide 3: Q1 organic sales development per region
Q1 organic sales development per region 19% Strong sales increase in -2% Europe 21% Sales decline in Continued growth Food & Beverage. in South East Asia, Sales of Laundry MEA and Africa. grew China has not yet recovered Electrolux Professional Group Q1 2023 Presentation 3
Slide 4: Q1 Food & Beverage
Q1 Food & Beverage Continued strong profit growth SEKm Jan-Mar Jan-Mar Change, % • Organically, sales increased by 9.1% 2023 2022 Net sales 1,878 1,597 17.6 • Sales increased by approximately 17% in Europe, Organic growth, % 9.1 34.1 and by 12% in Asia-Pacific, Middle East and Africa, but declined b
Slide 5: Q1 Laundry
Q1 Laundry Continued strong profitable growth SEKm Jan-Mar Jan-Mar Change, % 2023 2022 • Sales increased organically by 19.6% Net sales 1,090 887 22.9 • Sales increased by 20% in Europe, by 9% in Americas and 29% in Asia Pacific, Middle East and Organic growth, % 19.6 15.0 Africa. Divestments, % -0.
Slide 6: Financial overview – Q1
Financial overview – Q1 SEKm Jan-Mar Jan-Mar Change, 2023 2022 % EBITA development • Higher EBITA driven by net price Net sales 2,968 2,484 19.5 contribution and volumes, particularly in Gross operating income 1,030 824 25.0 Laundry Gross operating margin, % 34.7 33.2 • Increased financial net due t
Slide 7: Operating working capital (OWC) and financial position
Operating working capital (OWC) and financial position SEKm 31 Mar, 2023 31 Mar, 2022 % Operating working capital % of net sales 22 20 Inventories 2,099 1,644 18 Trade receivables 2,139 1,780 16 Trade payables 2,088 1,868 14 12 Operating working capital 2,150 1,556 10 2022 Q1 Q2 Q3 Q4 2023 Q1 Operat
Slide 8: Operating cash flow
Operating cash flow SEKm Jan-Mar Jan-Mar Operating cash flow after investments, SEKm 2023 2022 600 EBIT 301 199 500 Depreciation, amortization and other 110 107 400 non-cash items 300 Change in operating assets and liabilities -306 -329 200 100 Investments in intangible and tangible -18 -18 assets 0
Slide 9: The new TANGO XP fully automatic espresso line
The new TANGO XP fully automatic espresso line • TANGO XP - a complete line of high-performing fully automatic coffee machines • Includes single and double group models. Double launched now, single later. • Dedicated to coffee professionals who place premium coffee extraction at the top of their exp
Slide 10: Partnering with leading chains in a unique circular economy initiative
Partnering with leading chains in a unique circular economy initiative • HeroDry – an energy-efficient external dryer • EU Single-Use Plastics Directive which can quickly dry reusable packaging, while using a minimum of energy. • Drive down the global reliance on certain single-use plastics • Electr
Slide 11: Summary
Summary • A strong first quarter with improved profitability • EBITA improved by 44% to SEK 340m with a margin of 11.4% • Order intake was good most parts of the quarter, although we saw a softening in Food & Beverage towards the end of the quarter • On track to meet our CO2 emission reduction targe
Slide 12: Q&A
Electrolux Professional Group Q&A
Slide 13: Electrolux Professional Group
Electrolux Professional Group
Electrolux Professional — Q1 2023 Earnings Presentation on 6ix