Electrolux has completed the acquisition of Royal Range assets to enhance its product offerings in the U.S. commercial cooking market while navigating challenging economic conditions.

Target Information

Electrolux Professional Group has reported net sales of SEK 3,085 million for the fiscal year, reflecting a 7.3% decrease compared to SEK 3,329 million in the previous year. This decline is attributed to a 0.6% organic sales decrease, alongside a substantial currency impact of -6.7%. The company's EBITA reached SEK 388 million, equating to a margin of 12.6%, which saw a slight improvement from the previous year despite a -1.3 percentage point impact from currency fluctuations.

The operating income stood at SEK 334 million, corresponding to a margin of 10.8%. The net income for the period was SEK 280 million, with earnings per share reported at SEK 0.98, compared to SEK 0.75 in the prior year. Operating cash flow after investments totaled SEK 422 million, indicative of the company’s solid cash generation capabilities. In response to this performance, the Board has proposed a dividend of SEK 0.95 per share, up from SEK 0.85.

Industry Overview

The food service and commercial cooking equipment industry in Europe has experienced notable growth, driven by increased demand in the Food & Beverage sector. In the fourth quarter, Electrolux particularly benefitted from this surge