Industry(*): Strong Q1 in EMEA, driven by European dynamics.
Revenues growing above Market: +23,7% vs Q1 2020 (+27,3% Organic)
Products: NikolaTesla, with the new fit range, driving sales boost in high-end segment (~ +60% YoY in Q1)
Margins: Revenues growth and cost containment delivering:
14,4 M€ Adj. EBITDA (10,5% on NS) vs. 10,9 M€ 2020 (9,9% on NS) and
8,5 M€ Adj. EBIT (6,2% on NS), vs. 4,3 M€ 2020 (3,9% on NS)
NFP: Positive Operating Cash Flow as a result of strong earning and Capex stabilization.
(*) Source: Elica Group Estimates
4
INDUSTRY TREND
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Elica S.p.A. published this content on 05 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 May 2021 13:04:01 UTC.
Elica SpA is an Italy based company operating in the kitchen hoods market. The Company has two core businesses areas: Cooking and Motors. In the first area, Cooking, the Company designs, manufactures and sells kitchen hoods for domestic use as well as manufactures household appliances and kitchens. In the second area, Motors, it designs, produces and sales electric motors for household appliances, hoods and boilers. The Company has seven plants worldwide in Italy, Poland, Mexico, India and China.