Electrolux Professional AB (STU:4KK1)
€ 6.3 -0.02 (-0.32%) Market Cap: 1.81 Bil Enterprise Value: 2.08 Bil PE Ratio: 28.90 PB Ratio: 4.21 GF Score: 81/100

Q2 2023 Electrolux Professional AB (publ) Earnings Call Transcript

Jul 20, 2023 / 07:00AM GMT
Release Date Price: €4.68 (+0.91%)
Jacob Broberg;publ;Chief Communication;IR Officer
Electrolux Professional AB

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Good morning, and welcome to Electrolux Professional Group Q2 Results Presentation. My name is Jacob Broberg. I'm heading up Investor Relations and Communications. I'm here in sunny Stockholm today. I have Alberto Zanata, our President and CEO; and Fabio Zarpellon, our CFO, with me.

And as always, we kick off with Alberto. Please go ahead, Alberto.

Alberto Zanata;publ;President;CEO
Electrolux Professional AB

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Thank you, Jacob. Good morning to everybody. Q2 was a strong quarter. During the quarter, we delivered organic growth, sales development of around 15% and organic above 8%. But in particular, we expanded the margin and the earnings by 65%. So we delivered profitable growth. It is another step towards our financial target, an important step that is bringing us closer to the target that we have.

Result was achieved, we have to say also, despite the

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