Third quarter, July-
- Net sales amounted to
SEK 1,935m (1,748). Sales increased by 10.7%. Currency contributed negatively by 2.1%. Organically sales increased by 12.8%. Last year the quarter was more impacted by the pandemic than this year. -
EBITA amounted to
SEK 199m (96), corresponding to a margin of 10.3% (5.5). Last year the quarter included items affecting comparability ofSEK -77m . -
Operating income amounted to
SEK 183m (81), corresponding to a margin of 9.5% (4.6). Last year the quarter included items affecting comparability ofSEK -77m . -
Operating cash flow after investments amounted to
SEK 412m (63). -
Income for the period amounted to
SEK 135m (77), and earnings per share wasSEK 0.47 (0.27). -
On
October 12 ,Electrolux Professional signed an agreement to acquire Unified Brands, a leading US-based manufacturer of food service equipment, for approximatelySEK 2,140m .
"Continued sales recovery
The market recovery that started six months ago has continued during the third quarter. In some countries the market is now back to pre-pandemic levels, spear-headed by the US.
Sales in the quarter increased organically by 12.8% compared to last year driven by increased demand, especially in the US.
Order intake continue to be strong and our order stock is on a record high level. Sales have not followed as fast as order intake, partly due to shortage of craftsmen among our customers, which leads to their projects and refurbishment plans being delayed.
EBITA for the third quarter was
The global pressure on component and container availability continues. So far, we have been able to secure components, but at a higher cost. The higher raw material prices this year are partially being offset by the price increase in July. Most of the raw material for the first half of 2022 has been secured but at a higher cost than this year's average. Therefore, we have announced additional price increases from
On
We have now experienced several months of sales recovery and strong order intake. This in combination with our announced acquisition of Unified Brands makes me confident about our next phase development. However, new setbacks from the pandemic, the shortage of components and raw material prices still constitute a risk."
This information is information that
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https://news.cision.com/electrolux-professional/r/electrolux-professional-ab-interim-report-q3-2021,c3441949
https://mb.cision.com/Main/18876/3441949/1487458.pdf
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