Desenio Group AB (publ) – Interim Report January – June 2026

DSNORegulatory press release2026-07-16 18:00

Second quarter net sales decreased by 7.1% to SEK 136.9 (147.3) million and the adjusted EBITA margin amounted to -2.4% (2.1%). Cash flow from operating activities was SEK -3.8 (6.8) million.

SECOND QUARTER

Net sales decreased by 7.1% to SEK 136.9 (147.3) million.
Gross margin for the quarter was 83.2% (83.6%).
Adjusted EBITA was SEK -3.3 million (3.1), corresponding to an adjusted EBITA margin of -2.4% (2.1%).
Operating profit (EBIT) amounted to SEK -3.5 (-253.2) million.
Cash flow from operating activities amounted to SEK -3.8 (6.8) million.

JANUARY-JUNE

Net sales decreased by 9.9% to SEK 318.3 (353.4) million.
Gross margin was 83.8% (83.6%).
Adjusted EBITA was SEK 11.3 million (24.6), corresponding to an adjusted EBITA margin of 3.6% (7.0%).
Operating profit (EBIT) amounted to SEK 10.4 (-260.2) million.
Cash flow from operating activities amounted to SEK -11.0 (-28.8) million.

SIGNIFICANT EVENTS DURING AND AFTER THE PERIOD
On June 9, the annual general meeting was held at which Erik Flinck did not stand for re-election following his appointment as CEO. Konark Modi was elected as board member and the other 3 board members were re-elected.

We reiterate the guidance for 2026, given in connection with our Q4 report for 2025: We expect organic net sales growth at constant exchange rates together with an EBITDA margin in the low double digits.

About Desenio Group

We are one of Europe's leading e-commerce company in accessible art, with the ambition to also establish a strong position in North America. We provide customers with everything they need to create personal and inspiring homes through a wide and curated range of posters, canvases, and accessories.
We are present in 37 countries. Our growth is driven by a dynamic business model that combines a proprietary technical platform, industrialized creative processes, and efficient digital distribution. Simultaneously, we develop our offering by creating our own original art, curating collections, and collaborating with external artists.