|
|
|
Brondby, DENMARK, Aug 14, 2018 - (ACN Newswire) - Nilfisk, a leading provider of professional cleaning products and services, is announcing its results for Q2 2018.
Highlights for Q2 2018
- In Q2 2018, Nilfisk delivered a strong financial performance with organic growth of 5.8% for the total business and a robust operating performance of 12.5%, measured on EBITDA before special items excluding impact from phantom shares - Total revenue amounted to 284.5 mEUR driven by a positive development in four out of five operating segments - Strong growth rates in EMEA with organic growth of 4.8% and in Specialty Professional and Specialty Consumer with double-digit growth of 18.7% and 14.3% respectively. After a challenging Q1, Americas saw a flat development in organic growth - In Q2, the gross margin was 42.8%, up 0.4 percentage point from the previous quarter. This represents an unbroken improvement over the previous quarters, driven by the professional business across all regions, along with a continued positive impact from the cost saving program - EBITDA before special items totaled 34.9 mEUR, up 4.4 mEUR from the previous quarter, leading to an EBITDA margin before special items of 12.3% including impact from phantom shares - For the first six months of 2018 total revenue was 542.0 mEUR, leading to a satisfactory organic growth of 3.6% for H1 2018 and an EBITDA margin before special items of 12.1%. Excluding impact from phantom shares, the operating performance for H1 2018 was 11.5% - The 2018 outlook is unchanged. Organic growth is expected in the range of 3.0%-4.0% and EBITDA margin before special items is expected in the range of 11.5%-12.0%
CEO comment Commenting on the results, Hans Henrik Lund, CEO of Nilfisk, says:
"In Q2 we have made solid progress on our strategic objectives to both simplify and grow the company. We demonstrated a strong financial performance with organic growth of 5.8% stemming from positive developments in four out of our five operating segments. Our gross margin is up for the past consecutive quarters, positively impacting our operating performance which is at a strong 12.5% for the quarter. This leaves us confident in the underlying performance of the business and our full year guidance."
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 Denmark: +45 3515 8121 UK: +44 (0)330 336 9411 US: +1 929-477-0448
Conference ID: 9279809 Link to webcast: https://edge.media-server.com/m6/p/b2ydfido
Contact
Investor Relations Henrik Molgaard Head of Investor Relations T: +45 2046 4948
Media Relations Louise Refsgaard Klinge Global Media Relations T: +45 2067 0833
Attachments Nilfisk Q2 Interim Report 2018: https://bit.ly/2MMswlN 15 Announcement_14082018_Nilfisk Q2 Interim Report 2018: https://bit.ly/2KSytvU
Topic: Press release summary
Source: Nilfisk Holding A/S
https://www.acnnewswire.com
From the Asia Corporate News Network
Copyright © 2024 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.
|
|
|
|
|
|
|
Latest Press Releases
Cambridge Isotope Laboratories (CIL) Shows Long-Term Commitment to Xenia, Ohio, Facility With New Land Purchase
Apr 25, 2024 21:00 HKT/SGT
|
|
|
Black Spade Donates Art and Jewellery Collection To Hong Kong Red Cross
Apr 25, 2024 20:40 HKT/SGT
|
|
|
Q2 Metals Announces Assay Results from Its 2023 Inaugural Drill Program at the Mia Lithium Property, James Bay Territory, Quebec, Canada
Apr 25, 2024 19:09 HKT/SGT
|
|
|
Mazda Production and Sales Results for March 2024 and for April 2023 through March 2024
Thursday, April 25, 2024 5:21:00 PM
|
|
|
MHI Begins Operation of SOEC Test Module the Next-Generation High-Efficiency Hydrogen Production Technology at Takasago Hydrogen Park
Thursday, April 25, 2024 4:45:00 PM
|
|
|
8 in 10 Singapore businesses experienced more change in last 4 years than previous two decades: HubSpot Research
Apr 25, 2024 16:00 HKT/SGT
|
|
|
GAC Honda to Begin Sales of All-new e:NP2, the Second Model of e:N Series
Thursday, April 25, 2024 3:50:00 PM
|
|
|
Toyota Exhibiting at Beijing Motor Show 2024
Thursday, April 25, 2024 3:25:00 PM
|
|
|
CITIC Telecom CPC Becomes New VMware Cloud Service Provider Pinnacle Tier Partner in the Broadcom Advantage Partner Program
Apr 25, 2024 13:07 HKT/SGT
|
|
|
Honda Reaches Basic Agreement with Asahi Kasei on Collaboration for Production of Battery Separators for Automotive Batteries in Canada
Thursday, April 25, 2024 10:10:00 AM
|
|
|
|
More Press release >> |
|
|
|