21 AUGUST 2018

Nilfisk reports financial results for Q2 2018

Nilfisk, a leading global provider of professional cleaning products and services, announces its financial results for the second quarter of 2018.  

In Q2. 

Nilfisk delivers a strong financial performance with a total revenue of 284.5 mEUR leading to an organic growth of 5.8% driven by a positive development in four out of five operating segments.

Strong growth rates are especially seen in the segment EMEA (Europe and Middle East) as well as the Specialty Professional and Specialty Consumer segments, both delivering double-digit growth of 18.7% and 14.3% respectively.

Robust operating performance

The gross margin for the total business is 42.8% which represents a 0.4 percentage point increase from the previous quarter and an unbroken improvement over the previous quarters. According to Nilfisk the positive gross margin development is especially driven by the professional business across regions, along with a positive impact from the company’s cost saving program.

EBITDA before special items was 34.9 mEUR leading to an EBITDA margin before special items of 12.3% and a robust operating performance of 12.5%. ​​

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Hans Henrik Lund, CEO for Nilfisk, is pleased with the financial performance and comments:

“In Q2 we have made solid progress on our strategic objectives to both simplify and grow the company. In addition, we are demonstrating  strong financial performance with organic growth of 5.8% stemming from positive developments in four out of our five operating segments,” Hans Henrik Lund said.

“Also, we are pleased to report that our gross margin is up for the past consecutive quarters. This development has a positive impact on 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.”

For 2018, Nilfisk expects organic growth in the range of 3.0% to 4.0%. The EBITDA margin before special items is expected to be in the range of 11.5% to 12.0%. To access the full Q2 Interim Report 2018, please visit investor.nilfisk.com.​ ​