Electrolux Professional Ab Class B · OMXSTO:EPRO_B
Electrolux Professional Ab Class B — Q2 2023 Earnings Presentation
14 slides from Electrolux Professional Ab Class B's earnings presentation, Jul 21, 2023
Slide 1: Q2 2023 result presentation
Q2 2023 result presentation Alberto Zanata, President and CEO Fabio Zarpellon, CFO ” During the second quarter we grew profitably taking another positive step towards our financial targets.”
Slide 2: Q2 highlights
Q2 highlights Another positive step towards our SEKm Apr-Jun Apr-Jun Change, 2023 2022 % financial target Net sales 3,153 2,731 15.5 • Sales increased by 15.5% EBITA 385 233 65.1 EBITA margin, % 12.2 8.5 • Organically, sales increased by 8.3%. Operating cash flow after • EBITA increased by 65%, to S
Slide 3: Q2 organic sales development per region
Q2 organic sales development per region 12% Strong sales increase in Europe, especially 0% 4% in Laundry . Very strong Flat sales in Laundry sales South East increase in Asia, MEA and Americas, while Africa. Food declined. Electrolux Professional Group Q2 2023 Presentation 3
Slide 4: Q2 Food & Beverage
Q2 Food & Beverage Order intake for the segment was on a SEKm Apr-Jun Apr-Jun Change, % good level, despite somewhat softer in 2023 2022 the US Net sales 2,109 1,949 8.2 Organic growth, % 0.5 22.9 • Organically, sales increased by 0.5% Acquisitions, % - 28.6 • Sales increased by approximately 5% in
Slide 5: Q2 Laundry
Q2 Laundry Continued strong profitable growth and SEKm Apr-Jun Apr-Jun Change, % 2023 2022 good order intake Net sales 1,044 782 33.6 • Sales increased organically by 28.5% Organic growth, % 28.5 2.2 • Sales increased by 65% in Americas, by 28% in Divestments, % -0.9 - Europe, and by 5% in Asia Paci
Slide 6: Financial overview Q2
Financial overview Q2 SEKm Apr-Jun Apr-Jun Change, EBITA development 2023 2022 % • Higher EBITA margin was driven by Net sales 3,153 2,731 15.5 price, but also volume in Laundry. Gross operating income 1,067 899 18.7 • Last year EBITA included items affecting Gross operating margin, % 33.8 32.9 comp
Slide 7: Operating cash flow
Operating cash flow SEKm Apr-Jun Apr-Jun Operating cash flow after investments, SEKm 2023 2022 600 EBIT 345 196 500 Depreciation, amortization and other 113 139 400 non-cash items 300 Change in operating assets and liabilities 30 -226 200 100 Investments in intangible and tangible -30 -22 0 assets -
Slide 8: Operating working capital (OWC) and financial position
Operating working capital (OWC) and financial position SEKm 30 June, 30 June, % Operating working capital % of net sales 2023 2022 22 20 Inventories 2,118 1,940 18 Trade receivables 2,322 1,980 16 Trade payables 2,144 2,030 14 12 Operating working capital 2,296 1,890 10 Q2 Q3 Q4 2023 Q1 Q2 Operating
Slide 9: CO2 emissions reduced by 18%
CO2 emissions reduced by 18% • CO2 emissions were reduced by 18% in the first half year of 2023 compared to 2022 Q1 reduction vs. 2022 Q2 reduction vs.2022 CO2 emission reduction -19% -16% (Scope 1*& 2**) * Excluding emissions from refrigerants as calculated on an annual basis ** Market-Based Electr
Slide 10: The GourmeXpress – high-speed oven for chains
The GourmeXpress – high-speed oven for chains • Compact high-speed oven that uses combined heating methods simultaneously for fast cooking results • Small spaces • Combination of convection + microwaves + impingement • Wide menu variance • Versatility: roasting, grilling, reheating • Rapid cooking,
Slide 11: Reduce, Reuse, Recycle with HeroDry - the free-standing blower for chains
Reduce, Reuse, Recycle with HeroDry - the free-standing blower for chains HeroDry • Cuts cost and energy consumption • Easy to use • Quick - less than 180 seconds for perfect drying • Flexible configuration – customizable on site A unique ‘circular economy’ initiative • Meets the EU Single-Use Plast
Slide 12: Summary
Summary • We grew profitably taking another positive step towards our financial targets. • EBITA improved significantly by 65% to SEK 385m with a margin of 12.2%. Strong cash flow. • The overall market demand has held up well in the quarter. • Order intake was good in the quarter, although somewhat
Slide 13: Q&A
Electrolux Professional Group Q&A
Slide 14: Electrolux Professional Group
Electrolux Professional Group
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