Q2 2024 Electrolux Professional AB (publ) Earnings Call Transcript
Key Points
- Sequential improvement in business performance compared to Q1.
- Total sales increased, partly due to acquisitions.
- EBITDA margin improved from 12.2% to 12.5%, excluding integration costs.
- Strong order intake growth compared to the same period last year.
- Laundry segment showed significant organic growth of 6.7%.
- Organic sales declined by 0.7% in Q2.
- Operating cash flow was lower compared to the same quarter last year.
- Geographical performance was mixed, with declines in APAC and the Middle East and Africa regions.
- Food and beverage segment saw a 4.3% organic decline, particularly in the South Pacific area.
- Higher finance net costs due to additional borrowing for acquisitions.
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Good morning, and welcome to Electrolux Professional Group Q2 presentation. My name is Jacob Broberg . I'm heading up Investor Relations. As always, I have Alberto Zaanto, CEO, and Fablo Zarpellon on CFO. With me and as always, we start with Alberto. Please go ahead, Alberto.
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Thank you, Jacob, and good morning to everybody. I'm pleased to report today the Q2 results that are showing as we said in the highlight another step towards our margin target. It is a quarter where organically we decline it slightly declined 0.7. But if you compare with the first quarter is showing up a sequential improvement of the business across the different businesses at total sales were up.
Thanks in particular to the acquisition of today, even if the second quarter was or is the weakest quarter along the year? And
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