Q2 2022 Electrolux Professional publ AB Earnings Call Transcript

Jul 22, 2022 / 07:00AM GMT

Release Date Price: $5.31

Transcript

Jacob Broberg;publ;Chief Communication;IR Officer

Electrolux Professional AB

()-&

Good morning, and welcome to Electrolux Professional Q2 Presentation. My name is Jacob Broberg, I'm heading Investor Relations. With me, I have Alberto Zanata, who's our CEO; and Fabio Zarpellon, the CFO.

And as always, we start with Alberto. Please go ahead, Alberto.

Alberto Zanata;publ;President

Electrolux Professional AB;CEO & Acting President of Business Area Food Europe

()- -

Thank you, Jacob, and good morning to everybody. Highlights of the second quarter. So the first one is that sales had a strong development, in particular in Food & Beverage, while the laundry business was somewhat flat.

Second is the profitability, the EBITA, that without item affecting comparability is back to the pre-COVID level in value. With the Food & Beverage, again, improving compared to last year, compared to the previous quarter, while laundry was below last year than our

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