Copyright © Inderes 2011 - present. All rights reserved.
Regulatoriskt pressmeddelande

Desenio Group AB (publ) – Quarterly Report January – September 2023

Desenio Group
Ladda ner börsmeddelandet

During Q3 2023, net sales increased by 7.5% to SEK 228.2 million and EBITA was SEK 25.1 million. Cash flow from operating activities amounted to SEK 9.1 million in the quarter.

THIRD QUARTER

  • Net sales increased by 7.5% to SEK 228.2 (212.3) million. 
  • Gross margin for the quarter was 83.3% (83.8%).
  • Operating profit amounted to SEK 16.1 (19.1) million, corresponding to an operating margin of 7.1% (9.0%).
  • EBITA was SEK 25.1 (28.1) million, corresponding to an EBITA margin of 11.0% (13.3%).
  • Profit before tax was SEK -13.6 (0.0) million. 
  • Cash flow from operating activities amounted to SEK 9.1 (40.5) million.
  • Earnings per share was SEK -0.12 (0.01) before dilution and SEK -0.12 (0.01) after dilution.

JANUARY - SEPTEMBER

  • Net sales decreased 1.4% to SEK 673.0 (682.8) million. 
  • Gross margin for the period was 83.9% (83.3%).
  • Operating profit amounted to SEK 45.0 (16.1) million, corresponding to an operating margin of 6.7% (2.4%).
  • EBITA was SEK 72.0 (56.2 adjusted EBITA) million, corresponding to an EBITA margin of 10.7% (8.2% adjusted EBITA margin).
  • Profit before tax was SEK -21.8 (-37.0) million. 
  • Cash flow from operating activities amounted to SEK 14.0 (1.1) million.
  • Earnings per share was SEK -0.20 (-0.21) before dilution and SEK -0.20 (-0.21) after dilution.

Webcast
A webcast - in English – will be held 26 October at 09.00 CEST. Fredrik Palm, CEO, and Anna Ståhle CFO, will present the Quarterly Report. 

If you wish to participate via webcast please use the link below. Via the webcast you are able to ask written questions.
https://ir.financialhearings.com/desenio-group-q3-2023 

If you wish to participate via teleconference please register on the link below. After registration you will be provided phone numbers and a conference ID to access the conference. You can ask questions verbally via the teleconference.
https://conference.financialhearings.com/teleconference/?id=5002415

FINANCIAL REPORTS
The interim reports are available on the website: www.deseniogroup.com

For further information, please contact:

Fredrik Palm, CEO, fredrik.palm@deseniogroup.com, +46 70 080 76 37
Anna Ståhle, CFO, anna.stahle@deseniogroup.com, +46 70 922 10 21
Johan Hähnel, Head of IR, johan.hahnel@deseniogroup.com, +46 706 05 63 34

Certified Adviser

FNCA Sweden AB is the company’s certified adviser.

About Desenio Group

Desenio Group is the leading e-commerce company within affordable wall art in Europe, with a growing presence in North America. We offer our customers a unique and curated assortment of about 9,000 designs as well as frames and accessories in 37 countries via 44 local websites and are steadily expanding to new markets.
 
Desenio Group is well positioned to build upon our dynamic growth model, including our proprietary technical platform, industrialized creative processes and efficient customer acquisition approach.
 
We are headquartered in Stockholm, Sweden, with fulfilment centres in Sweden, Czech Republic and USA. Our share is traded on Nasdaq First North Growth market, under the ticker “DSNO”.

This information is information that Desenio Group is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 2023-10-26 07:00 CEST.

Attachments

Interim Report Q3 2023