Q1 2023 Electrolux Professional AB (publ) Earnings Call Transcript
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Good morning, and welcome to Electrolux Professional Group Q1 presentation. My name is Jacob Broberg, I'm heading up Investor Relations. With me I have Alberto Zanata, CEO of Electrolux Professional; and Fabio Zarpellon, CFO.
And as always, I start by handing over to Alberto. Please go ahead, Alberto.
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Thank you, Jacob. Good morning to everybody, and welcome to the call. Q1 was a strong quarter, strong from the net sales development point of view, roughly 20% up, but also strong from the profitability margin and earning point of view.
We grew earnings EBITA by 44% with a margin that is above the 10%, double digit, 11.4%. So good quarter driven mainly by strong performance, in particular in Europe and also Asia-Pac, Middle East and Africa recovering pretty well.
In the quarter, we also
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