For the overall business, sales in the first quarter of 2022 amounted to EUR 264.2 million compared to EUR 237.3 million in the first quarter of the previous year, representing growth of 11.3%. Adjusted for positive foreign exchange effects, organic growth in the quarter was 9.3%. "With this strong Q1 result, we are continuing the successful development of 2021 with higher sales and solid earnings. In February, we unveiled our 2026 business plan, which is focused on long-term sustainable growth.
The first quarter results show that we are on the right track. In particular, the strategically important U.S. market is a growth driver," says Torsten Türling, President and CEO of Nilfisk. Rising material costs and continued high freight costs were partially offset by the positive impact of price effects and higher sales. Earnings (EBITDA pre exceptionals) were EUR37.6 million, compared to EUR36.4 million in Q1 2021. Q1 2022 results showed a solid performance from the Nilfisk Professional segment, with the Americas region delivering the strongest growth at 25.3%, but also supported by the private label business. In Europe, sales grew in all regions, with Southern Europe performing best