Desenio Group AB Announces Preliminary Earnings Results for the Second Quarter and Half Year of June 30, 2021
August 18, 2021 at 02:03 am EDT
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Desenio Group AB (publ) announced preliminary earnings results for the second quarter and half year of June 30, 2021. For the quarter,the company reported Net Sales were SEK 266.2 million against SEK 252.7 million a year ago. Basic Earnings per share was SEK 0.02 per share against SEK 0.39 per share a year ago. Operating profit amounted to SEK 19.3 million against SEK 76.0 million a year ago. Profit for the Period was SEK 2.8 million against SEK 42.5 million a year ago. Diluted Earnings per share was SEK 0.02 per share against SEK 0.37 per share a year ago.
For the half year,the company reported Net Sales were SEK 431.1 million against SEK 978.5 million a year ago. Basic Earnings per share was SEK 0.30 per share against SEK 0.54 per share a year ago. Operating profit amounted to SEK 105.1 million against SEK 246.6 million a year ago. Profit for the Period was SEK 75.3 million against SEK 179.0 million a year ago. Diluted Earnings per share was SEK 0.28 per share against SEK 0.51 per share a year ago.
Desenio Group AB (publ) is a Sweden-based e-commerce company that is engaged in online sales of affordable wall art. The Companyâs offering consists of art prints of around 9,000 designs majority of which is proprietary to Desenio, Frames that are offered in various wooden and metal finishes in matching sizes to the posters, as well as other accessories including products such as mat boards, picture ledges, art clips, and other printed products, e.g., phone covers. The Company differentiates its two brands, Desenio and Poster Store. Desenio Group is primarily presented in Europe, with its core markets in Germany, United Kingdom, the Nordics, France and the Netherlands, and a growing presence in the USA and to some extent in Asia.
DESENIO GROUP AB 
