Electrolux Professional AB

Latest Results (23.05.2024):

Q4 2023 Revenue

In the fourth quarter of 2023, Electrolux Professional AB reported a decrease in net sales to SEK 2,974 million, down from SEK 3,040 million in the same quarter of the previous year, marking a 2.2% decline. The organic sales decrease was 3.7%, although this was partially offset by a positive currency impact of 1.6%.

Q4 2023 Earnings

Electrolux Professional AB's earnings before interest, taxes, and amortization (EBITA) for Q4 2023 were SEK 302 million, compared to SEK 324 million in Q4 2022, resulting in an EBITA margin of 10.1%, down from 10.7% the previous year. Operating income also decreased to SEK 261 million from SEK 284 million, with a corresponding margin decline from 9.3% to 8.8%.

Q4 2023 Profitability

The company's income for the period in Q4 2023 was SEK 168 million, a decrease from SEK 204 million in the same quarter the previous year. Earnings per share also fell to SEK 0.59 from SEK 0.71. Despite these challenges, operating cash flow after investments improved, reaching SEK 570 million compared to SEK 533 million in Q4 2022.

Q4 2023 Dividend Proposal

Reflecting confidence in the financial stability of Electrolux Professional AB, the Board has proposed an increased dividend of SEK 0.80 per share for Q4 2023, up from SEK 0.70 per share in the previous year, demonstrating a commitment to providing shareholder value despite a challenging economic environment.

Q4 2023 Strategic Developments

Electrolux Professional AB's strategic initiatives in 2023 included the acquisition of Tosei Corporation, enhancing its market position in Asia. The company also achieved its CO2 reduction target for 2025 two years ahead of schedule, underscoring its commitment to sustainability. These steps are part of Electrolux Professional AB's broader strategy to strengthen its market presence and operational efficiency.