Nilfisk Holding A/S
CSE:NLFSK
Nilfisk Holding A/S
Nilfisk Holding A/S engages in the manufacturing and wholesale of floor cleaning machines, through its subsidiary. The firm's operations are divided into geographic segments, covering EMEA (Europe, Middle East and Africa), Americas, APAC (Asia and Pacific) and Other. Customers in the professional market operate in a wide range of industries and in the public sector, from large multinational contract cleaners, facility management contractors and international hotel and retail chains to smaller businesses. The product lines include Floorcare (mainly scrubbers, sweepers and outdoor equipment), Vacuum cleaners (dry and wet-use vacuums and industrial vacuums) and High pressure washers. The offering also includes aftermarket service (parts and accessories, fleet management and maintanance). The firm's products and solutions are marketed through a portfolio of global (Nilfisk, Viper), as well as regional and local brands, such as Advance, Gerni, Pressure-Pro, Rottest, Clarke, among others.
Nilfisk Holding A/S engages in the manufacturing and wholesale of floor cleaning machines, through its subsidiary. The firm's operations are divided into geographic segments, covering EMEA (Europe, Middle East and Africa), Americas, APAC (Asia and Pacific) and Other. Customers in the professional market operate in a wide range of industries and in the public sector, from large multinational contract cleaners, facility management contractors and international hotel and retail chains to smaller businesses. The product lines include Floorcare (mainly scrubbers, sweepers and outdoor equipment), Vacuum cleaners (dry and wet-use vacuums and industrial vacuums) and High pressure washers. The offering also includes aftermarket service (parts and accessories, fleet management and maintanance). The firm's products and solutions are marketed through a portfolio of global (Nilfisk, Viper), as well as regional and local brands, such as Advance, Gerni, Pressure-Pro, Rottest, Clarke, among others.
Revenue: Q2 revenue was EUR 269 million, reflecting negative organic growth of 1.1%.
Margin: EBITDA margin before special items came in at 13.5%, slightly down from 14.1% last year, as gross margin held up at 42.2%.
Tariffs Impact: Higher US tariffs, including a one-off spike, weighed on margins, but price increases and supply chain actions are expected to offset these headwinds by year-end.
Guidance Reiterated: Management reaffirmed full-year guidance for 1–3% organic growth and a 13.4% EBITDA margin, despite a soft first half and ongoing US challenges.
Cost Reductions: Workforce reductions and production consolidation in Hungary are expected to deliver cost savings and improved efficiency in coming quarters.
US Outlook: The company is in active talks to divest its struggling US high-pressure washer business, which has been a major drag on growth.
Working Capital: Net working capital increased sharply, hurting cash flow, but management aims to return to normal levels within a few quarters.
