Fourth quarter, October -
- Net sales amounted to
SEK 2,974m (3,040). Sales decreased by 2.2%. Organically, sales decreased by 3.7%. Currency had a positive effect of 1.6%. -
EBITA amounted to
SEK 302m (324), corresponding to a margin of 10.1% (10.7). -
Operating income amounted to
SEK 261m (284), corresponding to a margin of 8.8% (9.3). -
Income for the period amounted to
SEK 168m (204), and earnings per share wasSEK 0.59 (0.71). -
Operating cash flow after investments amounted to
SEK 570m (533). -
The Board proposes a dividend of
SEK 0.80 (0.70) per share.
"Step-by-step building a stronger company
During 2023 we took further steps towards our financial targets with increased sales and improved profitability in a continued challenging macroeconomic situation. With the acquisition of Tosei, which was announced in December, we are growing in attractive segments in
The sales decline we saw during the third quarter continued during the fourth quarter but at a lower rate, leading to an organic sales decline of 3.7%. This resulted in a somewhat weaker EBITA of
Sales of Food & Beverage declined organically by 4% compared to last year. EBITA was on the same level as last year, resulting in an EBITA margin of 8.8% (8.5). Sales in our largest market,
Sales of Laundry declined by 3% organically compared to a sales catch-up in the corresponding quarter of last year, due to component shortages in the second quarter. The EBITA-margin ended at 15.7% (18.4). The decline in margin is mainly due to lower volumes and currency transaction effects. Order intake for Laundry was somewhat higher than a year ago.
Thanks to a better working capital development, operating cash flow after investments continued to be strong, amounting to
The new, more decentralized organization that we launched in 2022 to faster drive strategic priorities, establish clear responsibilities and reinforce customer focus is now also visible in the yearly
On
I feel confident that step-by-step we are building a stronger company with clear focus on our strategic priorities. Looking into 2024, we expect to continue our improvements step-by-step. We have a healthy order stock, and the signs of lower interest rates and inflation are positive, even if we still see short-term macroeconomic uncertainty. "
This information is information that
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https://news.cision.com/electrolux-professional-group/r/electrolux-professional-ab-year-end-report-q4-2023,c3920382
https://mb.cision.com/Main/18876/3920382/2576186.pdf
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