Electrolux Professional Ab Class B · OMXSTO:EPRO_B
Electrolux Professional Ab Class B — Q3 2024 Earnings Presentation
13 slides from Electrolux Professional Ab Class B's earnings presentation, Oct 25, 2024
Slide 1: Q3 2024 result presentation
Q3 2024 result presentation Alberto Zanata, President and CEO Fabio Zarpellon, CFO “Improved profitability, back to organic growth”
Slide 2: Q3 highlights
Q3 highlights Improved profitability, back to organic SEKm Jul-Sep Jul-Sep Change, % growth 2024 2023 Net sales 2,931 2,752 6.5 • Organically, sales increased by 1.5%, acquisitions EBITA 325 290 12.3 contributed by 7.3%. EBITA margin, % 11.1 10.5 0.6ppt • In total, sales increased by 6.5% despite we
Slide 3: Q3 organic sales development per region
Q3 organic sales development per region 3% AMERICAS EUROPE -12% Food&Beverage Food &Beverage -3% 3% Laundry APAC-MEA Laundry 24% 5% Food &Beverage -12% Laundry -12% Electrolux Professional Group Q3 2024 presentation 3
Slide 4: Q3 Food & Beverage
Q3 Food & Beverage Improved profitability despite slight organic SEKm Jul-Sep Jul-Sep Change, % 2024 2023 sales decline Net sales 1,778 1,775 0.2 • Sales increased by 0.2% including acquisitions. Organic growth, % -0.7 -8.0 Organically, sales decreased by 0.7%. Acquisitions, % 3.7 - • Organically, s
Slide 5: Sales of Food & Beverage in Americas is recovering
Sales of Food & Beverage in Americas is recovering • Sequential recovery Organic sales developement Food & Beverage Americas • Order intake higher than a year 0% ago • Sales to Chains +5% YTD -4% -3% • Institutional sales still down -8% • Revamped demo activities with -8% reps representing our full
Slide 6: Q3 Laundry
Q3 Laundry SEKm Jul-Sep Jul-Sep Change, % 2024 2023 Continued organic growth and improved Net sales 1,152 977 17.9 profitability Organic growth, % 5.4 -0.1 • Sales increased by 17.9%, including the acquisition Acquisitions, % 13.8 - of TOSEI. Organically, sales increased by 5.4%. Divestments, % - -0
Slide 7: Financial overview Q3
Financial overview Q3 SEKm Jul-Sep Jul-Sep Change, % 2024 2023 EBITA development Net sales 2,931 2,752 6.5 • EBITA amounted to SEK 325m (290) including integration related costs for Gross operating income 1,010 945 TOSEI and Adventys of SEK 3m, Gross operating margin, % 34.5 34.3 resulting in an EBI
Slide 8: Continued strong cash generation
Continued strong cash generation SEKm Jul-Sep Jul-Sep Operating cash flow after investments, SEKm 2024 2023 600 Operating income 268 247 500 Depreciation, amortization and other 152 119 non-cash items 400 Change in operating assets and liabilities 62 24 300 200 Investments in intangible and tangible
Slide 9: Operating working capital (OWC) and financial position
Operating working capital (OWC) and financial position SEKm 30 September, 30 September, 2024 2023 % Operating working capital % of net sales 22 Inventories 1,970 1,969 20 Trade receivables 2,119 2,006 18 Trade payables 2,036 1,759 16 Operating working capital 2,053 2,216 14 12 Operating working capi
Slide 10: NeoBlue Touch energy and water efficient undercounter dishwasher
Product launch NeoBlue Touch energy and water efficient undercounter dishwasher • Simplicity in one touch • One-touch button for ease of use. • New app for wash cycle selection and detergent ordering. • Outstanding washing results • Washes up to 65 baskets per hour (market average: 40). • Consumes o
Slide 11: Summary
Summary • In total, sales grew by 6.5% whereof organically, sales increased by 1.5%. • EBITA and EBITA-margin improved. • Stronger cash flow. • Improved Operating Working Capital. • Order intake was higher than a year ago, especially in Laundry. • Despite challenges in the Middle East, Laundry conti
Slide 12: Q&A
Q&A Electrolux Professional Group Interim report Q4/2024 will be published: Friday 31 January 2024 Electrolux Professional Group Q3 2024 presentation 12
Slide 13: Electrolux Professional Group
Electrolux Professional Group
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