Electrolux Professional Third Quarter 2022 Results: Revenue Exceeds Expectations
Electrolux Professional (STO:EPRO B) Third Quarter 2022 Results
Main financial results
- Revenue: 2.78 billion kr (up 44% compared to Q3 2021).
- Net income: kr 195.0 million (up 44% compared to Q3 2021).
- Profit margin: 7.0% (in line with 3Q 2021).
All figures shown in the table above are for the 12 month period (TTM)
Electrolux Professional Revenue Exceeds Expectations, EPS Falls Short
Revenue beat analysts’ estimates by 2.9%.
Going forward, revenues are expected to grow by an average of 3.0% per year over the next 3 years, compared to a growth forecast of 2.8% for the machinery industry in Sweden.
Performance of the Swedish engineering industry.
Shares of the company are up 4.5% from a week ago.
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