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Financial goals

Electrolux Professional Group’s goal is to create value for its stakeholders through profitable growth. Our strategy focuses on four pillars, built on a foundation of operational excellence to improve sales, productivity, and cost efficiency within the supply chain. These four pillars are: grow via innovative sustainable solutions, grow in chain businesses, boost Customer Care for higher margins, and leverage “The OnE” approach and drive digital transformation.

The Board of Directors of Electrolux Professional has adopted the following medium-term financial targets:

Net sales growth

Organic annual growth of more than 4 percent over time, complemented by value accretive acquisitions.

Average performance 2017–2019: 3.1%

Outcome 2022: 16.9%
The hospitality industry is now back to pre-pandemic levels in terms of sales, but not in volume. Laundry is back also in volume. Sales of Food & Beverage increased organically by 17.4% and Laundry by 16.2%.

Profitability EBITA margin

EBITA margin of 15 percent.

Average performance 2017–2019: 13.1%

Outcome 2022: 10.1%
Profit and profitability increased substantially during 2022 due to price, volume and the contribution from Unified Brands
EBITA also includes cost for the divestment of the Russian operations meaning the underlying margin is 10.4%.


Asset efficiency Operating working capital

Operating working capital below 15 percent of net sales.

Average performance 2017–2019: 15.9%

Outcome 2022: 16.7%
Operating working capital as a percent of annualized net sales increased due to higher trade receivables and inventory, partially due to higher material cost and higher stock of components.


Capital structure : Net debt/EBITDA ratio

Leverage ratio below 2.5x Net debt/EBITDA. Higher levels may be temporarily acceptable in case of acquisitions, provided a clear path to de-leveraging.

Outcome 2022: 1.5x
The net debt/EBITDA ratio was 1.5 at the end of 2022 which means that we are better or in line with our target.. In total, net debt amounted to SEK 2,050m on December 31, 2022 compared to SEK 1,705m as of December 31, 2021.


Dividend Policy

Approximately 30% of the annual income of funds legally available for dividend payouts. The timing, declaration, and number of future dividends will depend on the company’s financial situation, earnings, capital requirements, and debt service obligations.

Outcome 2022: 30% (SEK 0,70 per share)
The AGM approved the dividend proposal of SEK 0.70 per share which is in line with the dividend policy.

Financial goals 2019-10-16T07:23:07+00:00 Electrolux Professional