Desenio Group AB Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
October 26, 2023 at 01:00 am EDT
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Desenio Group AB (publ) reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was SEK 228.2 million compared to SEK 212.3 million a year ago. Net loss was SEK 17.5 million compared to net income of SEK 2.2 million a year ago. Basic loss per share from continuing operations was SEK 0.12 compared to basic earnings per share from continuing operations of SEK 0.01 a year ago. Diluted loss per share from continuing operations was SEK 0.12 compared to diluted earnings per share from continuing operations of SEK 0.01 a year ago.
For the nine months, sales was SEK 673 million compared to SEK 682.8 million a year ago. Net loss was SEK 29.4 million compared to SEK 30.5 million a year ago. Basic loss per share from continuing operations was SEK 0.2 compared to SEK 0.21 a year ago. Diluted loss per share from continuing operations was SEK 0.2 compared to SEK 0.21 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 
