Electrolux Professional (STO:EPRO B) Second Quarter 2024 Results

Key Financial Results

• Turnover: DKK 3.27 billion (3.6% higher than in Q2 2023).
• Net income: KRW 230.0 million (down 11% from Q2 2023).
• Profit margin: 7.0% (down from 8.2% in Q2 2023). The margin decline was caused by higher costs.
• EPS: kr0.80 (down from kr0.89 in 2Q 2023).

All figures in the above graph are for the last 12 months (TTM)

Electrolux Professional sales and profits fall short of expectations

Revenue fell 2.3% short of analysts’ expectations. Earnings per share (EPS) also fell 2.9% short of analysts’ expectations.

Looking ahead, sales are expected to grow by an average of 5.1% per year over the next 3 years, compared to an expected growth of 4.5% for the machinery industry in Sweden.

Performance of the Swedish machinery industry.

The company’s shares fell 4.0% from a week ago.

Risk analysis

You still need to consider risks, for example – Electrolux Professional has 1 warning sign that we think you should be aware of.

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This article from Simply Wall St is general in nature. We comment solely on historical data and analyst forecasts, using an objective methodology. Our articles are not intended as financial advice. It does not constitute a recommendation to buy or sell any shares and does not take into account your objectives or financial situation. We aim to provide you with a long-term analysis driven by fundamental data. Please note that our analysis may not take into account the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in the shares mentioned.

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