Electrolux Professional Ab Class B · OMXSTO:EPRO_B
Electrolux Professional Ab Class B — Q4 2024 Earnings Presentation
15 slides from Electrolux Professional Ab Class B's earnings presentation, Jan 31, 2025
Slide 1: Q4 2024 result presentation
Q4 2024 result presentation Alberto Zanata, President and CEO Fabio Zarpellon, CFO “Sales and profitability improved, US Food & Beverage back to growth.”
Slide 2: Q4 highlights
Q4 highlights Sales and profitability improved, US Food SEKm Oct-Dec Oct-Dec Change, % & Beverage back to growth 2024 2023 Net sales 3,329 2,974 11.9 • Organically, sales increased by 3.3%. Acquisitions contributed by 7.6%. Currency had a positive effect EBITA 400 302 32.5 of 1.0%. EBITA margin, % 1
Slide 3: Q4 organic sales development per region
Q4 organic sales development per region 12% AMERICAS EUROPE 0% Food&Beverage Food &Beverage 3% -5% Laundry APAC-MEA Laundry 35% 8% Food &Beverage -2% Laundry 1% Electrolux Professional Group Q4 2024 presentation 3
Slide 4: Q4 Food & Beverage
Q4 Food & Beverage SEKm Oct-Dec Oct-Dec Change, % Improved EBITA margin 2024 2023 • Sales grew by 3.2%. Organically, sales Net sales 1,913 1,855 3.2 decreased by 1.9%, acquisitions contributed by Organic growth, % -1.9 -4.2 3.8% and currency 1.3%. Acquisitions, % 3.8 - • Sales increased in Americas
Slide 5: Sales of Food & Beverage in Americas is back to growth
Sales of Food & Beverage in Americas is back to growth • Sequential recovery. Organic sales developement Food & Beverage Americas • Order intake higher than a year ago. 4% 3% • Sales to Chains +8% FY 2024, more in Q4. • Institutional sales still down, but less in Q4 0% than previous quarters. -4% -3
Slide 6: Q4 Laundry
Q4 Laundry Continued organic growth, particularly strong SEKm Oct-Dec Oct-Dec Change, % 2024 2023 in the US Net sales 1,416 1,120 26.5 • Sales increased by 26.5%. Organically, sales Organic growth, % 11.8 -3.0 increased by 11.8%, acquisitions contributed by 14.0% and currency by 0.7%. Acquisitions,
Slide 7: Financial overview Q4
Financial overview Q4 SEKm Oct-Dec Oct-Dec Change, % 2024 2023 Financial development Net sales 3,329 2,974 11.9 • EBITA amounted to SEK 400m (302), resulting in an EBITA margin of 12.0% Gross operating income 1,107 955 15.9 (10.1). Gross operating margin, % 33.2 32.1 1.1ppt • The improved EBITA marg
Slide 8: Continued strong cash generation
Continued strong cash generation SEKm Oct-Dec Oct-Dec Operating cash flow after investments, SEKm 2024 2023 600 Operating income 339 261 Depreciation, amortization and other 159 119 500 non-cash items Change in operating assets and liabilities 199 278 400 Investments in intangible and tangible -170
Slide 9: Operating working capital (OWC) and financial position
Operating working capital (OWC) and financial position SEKm 31 December, 31 December, % Operating working capital % of net sales 2024 2023 22 Inventories 1,899 1,692 20 Trade receivables 2,117 1,904 18 Trade payables 2,172 1,761 16 14 Operating working capital 1,844 1,835 12 Operating working capita
Slide 10: Electrolux Professional Group among the world's 500 best companies in Sustainable Growth
Sustainability Electrolux Professional Group among the world’s 500 best companies in Sustainable Growth • Electrolux Professional Group achieved top industry performance: • ranking #34 among global companies in the Engineering, Manufacturing & Medical Technology sector, • and #9 among Sweden-headqua
Slide 11: Q4 Summary
Q4 Summary • In total, sales grew by 11.9% whereof organically, sales increased by 3.3%. • EBITA and EBITA margin improved driven by volume growth in Laundry as well as improved margins in Food & Beverage in Europe and Americas. • Strong cash flow and improved net debt EBITDA. Capital expenditure si
Slide 12: 2024 summary: Another step in the right direction
2024 summary: Another step in the right direction • In total, sales grew by 6% driven by acquisitions. • Organically, sales were flat in a challenging macroeconomic and geopolitical environment. • Two important acquisitions: — TOSEI, a leading Japanese company in Laundry and vacuum. — Adventys, a Fr
Slide 13: Improving our margin step by step
Improving our margin step by step % Net sales SEKm EBITA margin, % * 13,500 15 Since year of listing 2020 13,000 Pre covid. 12,500 12,000 Part of Electrolux Group 11,500 11,000 • Sales + 73% 10,500 10,000 11.8 12.0 • EBITA + 221% 9,500 9,000 8,500 10.6 11.2 10 • Cash flow +172% 8,000 7,500 7,000 6,5
Slide 14: Q&A
Q&A Interim report Q1/2025 April 29, 2025 Annual General Meeting May 7, 2025 Electrolux Professional Group Q4 2024 presentation 14
Slide 15: Electrolux Professional Group
Electrolux Professional Group
Electrolux Professional — Q4 2024 Earnings Presentation on 6ix