Electrolux Professional Ab Class B · OMXSTO:EPRO_B
Electrolux Professional Ab Class B — Q2 2024 Earnings Presentation
13 slides from Electrolux Professional Ab Class B's earnings presentation, Jul 19, 2024
Slide 1: Q2 2024 result presentation
Q2 2024 result presentation Alberto Zanata, President and CEO Fabio Zarpellon, CFO “Another step towards our margin target”
Slide 2: Q2 highlights
Q2 highlights Profitability improved SEKm Apr-Jun 2024 Apr-Jun 2023 Change, % • Sales increased by 3.7% Net sales 3,268 3,153 3.7 EBITA 410 385 6.4 • Organically, sales declined by 0.7%. Acquired companies TOSEI and Adventys contributed by 5.9%. EBITA margin, % 12.5 12.2 0.3ppt • Adventys, a special
Slide 3: Q2 organic sales development per region
Q2 organic sales development per region -1% AMERICAS EUROPE -9% Food &Beverage Food &Beverage -8% flat Laundry Laundry APAC-MEA 22% 5% Food &Beverage -15% Laundry -2% Electrolux Professional Group Q2 2024 presentation 3
Slide 4: Q2 Food & Beverage
Q2 Food & Beverage SEKm Apr-Jun Apr-Jun Change, % Sales decreased in the quarter - 2024 2023 profitability improved somewhat Net sales 2,041 2,109 -3.2 • Organically sales decreased by 4,3%. Organic growth, % -4.3 0.5 Acquisitions, % 2.8 - • Sales were flat in Europe but decreased by Divestments, %
Slide 5: Q2 Laundry
Q2 Laundry Sales of Laundry grew organically SEKm Apr-Jun Apr-Jun Change, % 2024 2023 • Sales increased by 17.5%, including the acquired Net sales 1,227 1,044 17.5 TOSEI. Organically, sales increased by 6.7%. Organic growth, % 6.7 28.5 • Sales increased by 5% in Europe, by 23% in Acquisitions, % 12.
Slide 6: Financial overview Q2
Financial overview Q2 SEKm Apr-Jun Apr- Jun Change, % 2024 2023 EBITA development Net sales 3,268 3,153 3.7 • EBITA amounted to SEK 410m (385) including acquisition and integration Gross operating income 1,151 1,067 related costs for TOSEI and Adventys Gross operating margin, % 35.2 33.8 of SEK 8m,
Slide 7: Continued strong cash generation
Continued strong cash generation SEKm Apr-Jun Apr-Jun Operating cash flow after investments, SEKm 2024 2023 600 Operating income 353 345 500 Depreciation, amortization and other 148 113 non-cash items 400 Change in operating assets and liabilities -34 30 300 200 Investments in intangible and tangibl
Slide 8: Operating working capital (OWC) and financial position
Operating working capital (OWC) and financial position SEKm 30 June, 30 June, 2024 2023 % Operating working capital % of net sales 22 Inventories 1,998 2,118 20 Trade receivables 2,419 2,322 18 Trade payables 2,245 2,144 16 Operating working capital 2,172 2,296 14 12 Operating working capital of 17.
Slide 9: Acquisition of Adventys
Acquisition of Adventys • Adventys, a specialist in induction tecnology, acquisition was completed on April 26, 2024, at a purchase price of approximately SEK 260m. • Adventys, founded in France in 1999, is a pioneer in design of induction cooking equipment. • 40 employees based in the factory in Se
Slide 10: Crathco I-PRO with Autofill lid
Crathco I-PRO with Autofill lid • Increases consistency with Bag-in-Box Autofill Drink System • Seamless integration with existing I-PRO dispensers in operation - no additional adjustments needed • No more refilling, no more downtime. Product is always available - increasing sales. • Instantly autom
Slide 11: Summary
Summary • Sales grew by 3.7% including acquisitions. Organically, sales declined by 0.7%. • Adventys, a specialist in induction technology was acquired. • EBITA and EBITA-margin improved. Comparable EBITA-margin (excluding acquisition and integration costs) was 12.8%. • Continued signs of recovery i
Slide 12: Q&A
Q&A Electrolux Professional Group Interim report Q3/2024 will be published Friday 25 October 2024
Slide 13: Electrolux Professional Group
Electrolux Professional Group
Electrolux Professional — Q2 2024 Earnings Presentation on 6ix