Nilfisk reports Q2 2022 results: Momentum continued with reported growth at 5.5%, primarily driven by 9.4% organic growth in Europe for our Professional Business

Company announcement August 18, 2022 Announcement No. 11/2022Nilfisk reports Q2 2022 results: Momentum continued with reported growth at 5.5%, primarily driven by 9.4% organic growth in Europe for our Professional BusinessNilfisk, a leading global provider of professional cleaning products and services, reported its Q2 2022 results today. Commenting on the results, Torsten Türling, CEO of Nilfisk, said:“Nilfisk continued the positive development from the first quarter of 2022, with...

Brøndby, 18/08/2022 (informazione.news - comunicati stampa - scienza e tecnologia)

Company announcement
August 18, 2022
Announcement No. 11/2022

Nilfisk reports Q2 2022 results: Momentum continued with reported growth at 5.5%, primarily driven by 9.4% organic growth in Europe for our Professional Business

Nilfisk, a leading global provider of professional cleaning products and services, reported its Q2 2022 results today. Commenting on the results, Torsten Türling, CEO of Nilfisk, said:

“Nilfisk continued the positive development from the first quarter of 2022, with higher revenue and solid growth momentum in the Professional Business. Revenue growth for the second quarter was driven primarily by solid performance within Europe Professional. 

Americas also managed to grow revenue in the second quarter, despite being challenged by the destruction of our US Distribution Center by a tornado end-March. We were able to achieve deliveries to almost normal level as from June. We now expect about 10-12 mEUR of revenue to be delayed into the second half of 2022.

Demand remained solid and our order book was at an all-time high at the end of the quarter. Overall, the quarter was another important step in ensuring long-term sustainable growth as laid out in Business Plan 2026.”

Q2 2022 results

Key figures

Outlook for 2022
We maintain the full-year outlook as communicated in the Annual Report 2021 given current visibility of market demand, inflationary developments, profitability levels and impact from the tornado event at USDC.
We expect about 10-12 mEUR of revenue to be delayed from Q2 2022 to H2 2022 as a consequence of the tornado event at the US Distribution Center.

Conference call
Nilfisk will host a conference call today at 9:00 CET. Please visit investor.nilfisk.com or use the dial in information below to access the call. Presentation materials will be available on the website prior to the conference call.

To dial in, please use the following numbers:
DK:       +45 32714990
UK:       +44 2071538944
US:       +1 8173914043

The event will be broadcasted live via:
https://services.choruscall.de/DiamondPassRegistration/register?confirmationNumber=8626738&linkSecurityString=127909fe4a

The video will be available for viewing after the event along with the presentation from the day on: https://investor.nilfisk.com/

Contacts
Investors
Elisabeth Klintholm
Head of Investor Relations
T: +45 2555 6337

Media
Allan Jørgensen
Head of Media Relations
T: +45 2849 4465

Forward-looking statements
Statements made about the future in this report reflect the Executive Management Board's current expectations with regard to future events and financial results. Statements about the future are by their nature subject to uncertainty, and the results achieved may therefore differ from the expectations, due to economic and financial market developments, legislative and regulatory changes in markets that the Nilfisk Group operates in, development in product demand, competitive conditions, energy and raw material prices, and other risk factors. Nilfisk Holding A/S disclaims any liability to update or adjust statements about the future or the possible reasons for differences between actual and anticipated results except where required by legislation or other regulations.

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