Nilfisk Q2 2021 results: Organic growth of 38.5% and sustained strong order intake across regions

/2021). Q2 2021 highlightsWe saw strong demand in the quarter with organic growth of 38.5% in the total business following organic growth of 11.9% in Q1. Revenue was 257.8 mEUR driven by substantially higher order intake. Most regions and segments contributed to the strong performance. This growth is result of a broad-based market recovery combined with the successful activation of several business initiativesThe branded professional business posted organic growth of 42.8% and was...

Nilfisk, 01/09/2021 (informazione.news - comunicati stampa - scienza e tecnologia)

/2021).

Q2 2021 highlights

Outlook for 2021

On July 13, 2021, in announcement 20/2021 we adjusted our outlook for the full year 2021.

As a result of continuing positive trading conditions, underpinned by the overall economic recovery, strong execution of our initiatives in key markets, and the increased demand for cleaning solutions, visibility on business activity for the second half of the year improved. Organic growth was therefore adjusted upwards to 12% to 16% (previously 8% to 12%)

We also recognized the ongoing impact of supply chain constraints affecting almost every industry in the world, with substantially higher material and freight costs. As a result, we maintained our outlook for EBITDA margin before special items in the range of 13% to 15%.

We maintain our outlook as announced on July 13, 2021. We expect full-year organic growth and EBITDA margin before special items to materialize in the upper end of the range.

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

“We are very pleased with our performance this quarter. The strong increase in sales reflects the overall rebound of the markets across the regions as well as the successful activation of several business initiatives. With the sustained high order intake, we couldn't fulfil all orders in the requested timeframe given tight supply markets in a recovering global economy.”

“Our customers now see cleaning as even more critical to their business success compared to pre-pandemic. With our broad portfolio of products and services, we are well positioned to advise our customers towards the right solutions to meet their needs of creating productive and healthy environments.”   

     

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 livestream:

https://streams.eventcdn.net/nilfisk/q2-2021/  

Contact
Media Relations

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

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