Nilfisk, a leading global supplier of professional cleaning equipment and services, delivers its financial results for the first quarter of 2025. Revenue amounts to 256.5 mEUR and an EBITDA margin before special items of 12.2%. 

 

In the EMEA region, Nilfisk delivers strong organic growth of 7.9% in the first quarter of 2025. This was driven by very strong growth in the Professional, Consumer, and Specialty Businesses, alongside moderate growth in the Service Business.  Nilfisk’s CEO, Jon Sintorn, comments on the results:     

 

“We saw strong growth in the EMEA region driven by effective commercial execution and an expanded sales and service workforce in key markets, including France, the UK, Germany, and Spain. Continued diligent price management across the region also contributed to the positive organic growth”.

 

Nilfisk also reports continued strong organic growth in its Consumer (12.9%) and Specialty (11.7%) Businesses, highlighting the increasing demand for vacuums and high-pressure washers for consumers as well as highly specialized cleaning machines and systems for businesses. 

 

The strong performance of the Consumer and Specialty Businesses, strong growth in EMEA of 7.9%, and moderate organic growth of 2.9% in the APAC region was, however, fully offset by a weak quarter in the Americas region. The total business reported negative organic growth of 1.2%.

 

“We have continued to take important steps to improve performance in the US, which remains our number one priority in 2025,” says Jon Sintorn.

 

To restore profitable growth in the Americas region, Eapen Chacko joined Nilfisk as Head of Americas in March 2025.

 

Impact from tariffs

Tariffs have complicated operations in Q1 and planning for Q2. Nilfisk’s global supply chain is flexible and robust with production facilities in all three regions. Therefore, product flows can be adapted to offset the majority of the existing tariff exposure.

 

“A constantly evolving tariff landscape has complicated operations and is placing pressure on margins in 2025. To mitigate this impact, we are optimizing our supply chain and are considering price adjustments where necessary. Consequently, our financial guidance for 2025 is maintained,” says Jon Sintorn.

 

Financial outlook for 2025 

The financial outlook for 2025, as communicated on February 20, 2025, remains unchanged. Organic growth is still expected to be between 1% and 3%, while elevated macroeconomic uncertainty is noted.

 

The EBITDA margin before special items is expected to be in the range of 13% and 14%, based on further structural cost reductions and tariffs being offset with supply chain activities and pricing.  The financial outlook is based on several assumptions including: 

 

• Stable market conditions in EMEA
• Neutral development in the US versus 2024 
• The APAC region returning to moderate growth   
• Ability to offset tariffs through supply chain optimization and price increases
• Trade wars do not intensify and/or lead to a recession in key markets 

 

 

Financial highlights

mEUR	Q1 2025	Q1 2024
Revenue	256.5	259.0
Organic growth	-1.2%	3.7%
Gross margin	43.2%	41.8%
Overhead costs	95.8	89.4
Overhead cost ratio	37.3%	34.5%
EBITDA before special items	31.3	34.2
EBITDA margin before special items	12.2%	13.2%
Special items, net	-5.2	-2.6
CAPEX ratio	2.7%	4.9%
Free cash flow	-19.8	-7.4
Net interest-bearing debt	292.3	267.3
Financial gearing	2.2x	1.9x
Basic earnings per share (EPS)	0.08	0.34

 

 

Read the full Q1 2025 Interim Report here

 

Press contact

Nynne Jespersen Lee

Head of Group Communications

T: +45 42310007

M: njespersen@nilfisk.com

 

About Nilfisk

Nilfisk was founded in 1906 by the Danish engineer P.A. Fisker. Today the company is a world-leading global provider of professional cleaning equipment and services. More than 90% of sales are to professionals while the remaining part of the business aimed at consumers covers floorcare equipment, vacuum cleaners, and high-pressure washers.   

 

Nilfisk’s products and services are sold in more than 100 countries and produced at 8 manufacturing sites across the globe. The main production facilities are in the US, Mexico, Hungary, Italy, and China. A total of approximately 4,800 employees secured revenue of 1,027.9 mEUR in 2024. The largest single market is the USA covering 28% of revenue in 2024, followed by Germany (14%), France (10%), Denmark (7%), and the UK (4%).