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Electrolux Professional Ab Class B (ECTXF)
:ECTXF
Holding ECTXF?
Track your performance easily
Earnings Data
Report Date
Jan 31, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.07Last Year’s EPS
0.05Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Jul 24, 2020
|% Change Since: -10.22%
|Next Earnings Date:May 06, 2020
Earnings Call Sentiment|Positive
The earnings call reflects a positive quarter with significant improvements in profitability and financial KPIs, strong performance in Europe and the Americas, and promising developments in product innovation. However, challenges remain due to currency impacts and regional sales declines, particularly in the Middle East and U.S. markets.Company Guidance
During the Electrolux Professional Group's Q3 2024 earnings call, executives highlighted several key financial metrics indicating improved performance. The company achieved an EBITA margin of 11.5%, up from 10.5% the previous year, marking a 12% increase in absolute value. Organic sales growth was noted in both the European and American markets, though declines were observed in Asia-Pacific, the Middle East, and Africa. Despite a negative currency impact, particularly affecting the laundry segment, the company maintained a strong cash flow, with more than 100% cash conversion. The financial net was SEK 29 million lower than the previous year, despite an additional SEK 1 billion in borrowing for acquisitions. The tax rate for the quarter was approximately 22%, with an EPS of SEK 0.66, up 18% from the same period last year. The company also improved its operating working capital on sales to 16.8% and maintained a strong financial position with a net debt-to-EBITDA ratio of 1.7x. These results underscored a positive quarter, reflecting the company's strategic focus on margin expansion and operational efficiency.Improved Profitability and Financial KPIs
Q3 saw improvements in profitability with growth in both organic sales and EBITA margin. Strong cash flow generation of more than 100% cash conversion was achieved, along with improvements in order intake.
Positive Sales Growth in Europe and Americas
Sales grew organically in Europe and the Americas. Europe’s performance was driven by strong results in the Mediterranean region.
Laundry Segment Performance
The Laundry segment showed strong sales growth, with an organic growth rate of over 5% and an EBITA margin exceeding 20%.
Improved EBITA Margin
EBITA margin improved from 10.5% last year to 11.5% this year, with a 12% increase in absolute value.
Strong Cash Flow and Balance Sheet
The company delivered cash flow over SEK 440 million and improved operating working capital to 16.8%, maintaining a strong financial position post-acquisitions.
Innovative Product Launch
The launch of a new digital dishwasher with features aimed at sustainability and aftermarket business, such as automatic detergent reordering.
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ECTXF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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ECTXF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Jan 31, 2025 | $6.95 | $6.91 | -0.58% |
| Oct 25, 2024 | $6.45 | $6.54 | +1.40% |
| Jul 19, 2024 | $6.45 | $6.33 | -1.86% |
| Apr 24, 2024 | $5.98 | $6.60 | +10.37% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Electrolux Professional Ab Class B (ECTXF) report earnings?
Electrolux Professional Ab Class B (ECTXF) is schdueled to report earning on Jan 31, 2025, TBA Not Confirmed.
What is Electrolux Professional Ab Class B (ECTXF) earnings time?
Electrolux Professional Ab Class B (ECTXF) earnings time is at Jan 31, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ECTXF EPS forecast?
ECTXF EPS forecast for the fiscal quarter 2024 (Q4) is 0.07.
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