Nilfisk Q3 2021 results: Organic growth of 17.9% and record volume in demand and order intake across all regions and segments

Q3 2021 highlightsWe continued to see a positive development in the third quarter of 2021 as seen in the first half of the year with a record volume in demand and order intake. Organic growth was 17.9% for the total business. Revenue was 239.2 mEUR driven by higher order intake across all regions and segments. The growth is the continued result of a broad-based market recovery combined with the successful activation of several business initiativesThe branded professional business...

Nilfisk, 24/11/2021 (informazione.news - comunicati stampa - scienza e tecnologia)

Q3 2021 highlights

Outlook for 2021

In consequence of continuing positive trading and strong execution in our key markets, underpinned by a strong order book as well as having an improved supply chain visibility, we can now lift our guidance for Revenue for the full year to an organic growth in the range of 17% - 18%. (Previous guidance: in the upper range of 12% to 16%)

For the EBITDA margin before special items, we increase the lower end of the guidance to 14% and expect EBITDA margin for the full year in the range of 14% to 15%. (Previous guidance: in the upper range of 13% to 15%)

We also foresee that the substantially higher freight and material costs, which we are experiencing at the moment, will affect us for the next quarters and are potentially overcompensating the positive effects of price and operational leverage.

CEO comment
Commenting on the results, CEO Torsten Türling says:

“Q3 marked the continuation of our strong sales growth performance and improved EBITDA margin. Due to strong efforts across our commercial as well as operations teams, we achieved significant year-on-year sales growth despite material shortages and significant challenges in the supply chain. Our determined pricing actions helped us to mitigate a good proportion of the exceptionally high freight cost and raw material inflation impact. Based on our strong order book and the improved supply chain visibility, we are pleased that we can increase the full year outlook, now for the third time this year.”

“During the last couple of months, we progressed well towards clarifying our Strategic Direction. Based on a strengthened execution capability, we aim at focusing on sustainable long-term growth. We are currently finalizing our 5-year financial plan and will share its highlights in a Capital market day in Q1 2022.”

Key figures

Conference call

Nilfisk will host a conference call today at 10:00 CET. Please visit investor.nilfisk.com 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:

Video live stream:

https://streams.eventcdn.net/nilfisk/2021q3/

Contact
Media Relations

Sara Westphal Emborg
Global Head of Media Relations
T: +45 2222 8577

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