Desenio Group AB Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
February 15, 2024 at 01:00 am EST
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Desenio Group AB (publ) reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported sales was SEK 294.2 million compared to SEK 282.1 million a year ago. Net loss was SEK 254.8 million compared to net income of SEK 8.2 million a year ago. Basic loss per share from continuing operations was SEK 1.71 compared to basic earnings per share from continuing operations of SEK 0.06 a year ago. Diluted loss per share from continuing operations was SEK 1.71 compared to diluted earnings per share from continuing operations of SEK 0.06 a year ago.
For the full year, sales was SEK 967.2 million compared to SEK 964.9 million a year ago. Net loss was SEK 284.2 million compared to SEK 22.3 million a year ago. Basic loss per share from continuing operations was SEK 1.91 compared to SEK 0.15 a year ago. Diluted loss per share from continuing operations was SEK 1.91 compared to SEK 0.15 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 
