Nilfisk reports first quarter 2022 results

Company announcement May 17, 2022Announcement No. 10/2022 Nilfisk reports first quarter 2022 resultsNilfisk, a leading global provider of professional cleaning equipment and services, reported its Q1 2022 results today. Commenting on the results, Torsten Türling, CEO of Nilfisk said:"Nilfisk is continuing the positive development from 2021, with higher revenue and continued growth momentum in the first quarter of 2022. In February, we presented our Business Plan 2026 focused...

Brøndby, 17/05/2022 (informazione.news - comunicati stampa - scienza e tecnologia)

Company announcement

May 17, 2022

Announcement No. 10/2022

Nilfisk reports first quarter 2022 results

Nilfisk, a leading global provider of professional cleaning equipment and services, reported its Q1 2022 results today. Commenting on the results, Torsten Türling, CEO of Nilfisk said:

"Nilfisk is continuing the positive development from 2021, with higher revenue and continued growth momentum in the first quarter of 2022.

In February, we presented our Business Plan 2026 focused on long-term sustainable growth. The results for the first quarter present sustainable growth with our strategically important US market as the leading driver. We achieved revenue growth and EBITDA improvement despite continued supply chain challenges and rising inflationary cost pressures.

End March, our US distribution center was partially destroyed by a tornado. We resumed operations in a nearby building in record time. We expect the impact on our US sales to be limited to around 20 m EUR being delayed from Q2 to the second half of 2022. We continue to expect the full-year 2022 to land in line with our prior guidance.”

Q1 2022 results

 

Key figures

 

Outlook for 2022

We maintain the full-year outlook communicated in the Annual Report 2021 given the current visibility of market demand, inflationary developments, and profitability levels.

For 2022, we expect organic revenue growth of 4% to 7% and an EBITDA margin before special items between 13.5% to 15.5%.

Conference call

Nilfisk will host a conference call today at 10:00 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 3544 5577

UK:       +44 3333 000804

US:       +1 631 913 1422

The event will be broadcasted live via:

https://getvisualtv.net/stream/?nilfisk-q1-2022-vxpz8v9ooq

Participant code: 49032198#

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

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.

Contacts

Investor relations

Elisabeth Klintholm

Head of Investor Relations

T: +45 2555 6337

Media

Allan Jørgensen

Head of Media Relations

T: +45 2849 4465

 

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