Nilfisk reports first-quarter 2021 results

Q1 2021 highlightsThe strong performance in the quarter is driven by positive and earlier than expected development in demand recovery in the branded professional business and strong high-season sales in the Consumer business Revenue for the total business amounted to 237.3 mEUR, corresponding to organic growth of 11.9% compared to -10.3% in Q1 2020Reported revenue growth for the total business was 8.3%The branded professional business posted organic growth of 8.3%, with on track...

Nilfisk, 28/05/2021 (informazione.news - comunicati stampa - scienza e tecnologia)

Q1 2021 highlights

Outlook for 2021

In connection with the Annual Report 2020 on March 3, 2021, Nilfisk announced its financial outlook for the full year 2021 as follows:

As a consequence of current strong trading conditions in our key markets and improved visibility for Q2 including a strong order book, which in particular in the industrial segment can be a result of pent up demand, we adjust the outlook for the full year 2021, disclosed in our announcement 14/2021, as follows:

The range provided reflects the better than expected performance of the business but also a continued uncertainty related to the development of the COVID-19 pandemic and supply chain constraints including pressure on freight and raw material prices.

Comment by Chairman

Commenting on the results, Jens Due Olsen, Chairman, says:

“We are pleased to see a continued increase in market activity throughout the quarter and to see that demand is recovering from the pandemic faster than expected. We are especially pleased to see that our key markets in US and the south of Europe have had a strong performance in the first quarter of 2021. Of course, all numbers need to be seen in the context of a very unusual and challenging year of 2020, but as we see that most markets have now adjusted to the economy and conditions of the pandemic, we are confident that we are on the right track.”

“Finally, the high season for the consumer business exceeded all expectations, helped by new consumer trends led by the pandemic freeing more time to household maintenance, but mostly thanks to a great team effort with stronger focus on sales execution and new product launches.”

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:

Link to webcast:   https://streams.eventcdn.net/nilfisk/2021q1/

Contact


Investor Relations
Antonio Tapia
Head of Investor Relations
T: +45 2220 1218  

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

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