Adjusted EBITA margin increased to 16.2% despite lower sales in the quarter compared to the same quarter last year. Positive cash flow from operating activities of SEK 42.6 million in the quarter.

FIRST QUARTER

  • Net sales decreased 9.5% to SEK 260.3 (287.6) million.
  • Gross margin for the quarter was 84.3% (83.2%).
  • Operating result amounted to SEK 33.1 (25.1) million, corresponding to an operating margin of 12.7% (8.7%).
  • Adjusted EBITA was SEK 42.1 (36.5) million, corresponding to an adjusted EBITA margin of 16.2% (12.7%).
  • Profit before tax was SEK 9.2 (11.3) million.
  • Cash flow from operating activities amounted to SEK 42.6 (-48.8) million.
  • Earnings per share was SEK 0.04 (0.06) before dilution and SEK 0.04 (0.06) after dilution.

SIGNIFICANT EVENTS AFTER THE END OF THE PERIOD
Anna Ståhle has been appointed CFO of Desenio Group AB and will assume the position as of 1 August 2023.

Webcast
A webcast - in English – will be held at 09.00 CEST. Fredrik Palm, CEO, and Kristian Lustin, CFO, will present the Quarterly Report. If you wish to participate via webcast, please use the link https://ir.financialhearings.com/desenio-group-q1-2023. Via the webcast you can ask written questions. If you wish to participate via teleconference, please register on the link https://conference.financialhearings.com/teleconference/?id=200660. After registration you will be provided phone numbers and a conference ID to access the conference.

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
Kristian Lustin, CFO, kristian.lustin@deseniogroup.com, +46 76 887 24 63
Johan Hähnel, Head of IR, johan.hahnel@deseniogroup.com, +46 706 05 63 34

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 2023-04-27 07:00 CEST.

Certified Adviser

FNCA Sweden AB is the company’s certified adviser. FNCA can be reached at info@fnca.se.

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 35 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”.

Attachments

Desenio Group Interim Report January March 2023

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