Investors
Interim Report Q1 2024
The Q1 2024 interim report for the period January – March 2024 was published on Wednesday, April 24, at 07:30.
Annual Report 2023
March 28, 2024 Electrolux Professional Group published the 2023 Annual and Sustainability report.
CEO Comment
Interim Report Q1 2024
“Comparable profit increased”
Operating cash flow after investments improved and amounted to SEK 183m (87). During the quarter, we acquired TOSEI for SEK 1,620m. In March we launched a medium-term note programme in Sweden with a framework of SEK 5bn, and issued our first bonds in an amount of SEK 900m. The market response was very positive.
Investment Case
These key strengths and competitive advantages drive our development and performance, and they all provide a strong foundation for us to execute our strategy.
- Strong positions in structurally growing underlying end-markets.
- Geographically balanced business with a large part being recurring sales. Relatively resilient to economic downturns.
- Track record of delivering solid EBITA, cash flow and cash conversion. Solid balance sheet.
- Focused plan to expand in high-margin products, segments, and geographies, supported by potential M&A.
- Innovation-focused with attractive pipeline of product launches.
- Committed to be the sustainability leader in our industry.
IR Contact
Jacob Broberg
Chief Communication & Investor Relations Officer
+46 70 190 00 33
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