Desenio Group AB (publ) – Quarterly Report January – September 2023
October 26, 2023 at 01:01 am EDT
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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 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
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 
