Desenio Group AB Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021
October 27, 2021 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, 2021. For the third quarter, the company reported sales was SEK 239.5 million compared to SEK 209.1 million a year ago. Net loss was SEK 0.3 million compared to net income of SEK 38.4 million a year ago.
For the nine months, sales was SEK 907.8 million compared to SEK 640.2 million a year ago. Net income was SEK 42.2 million compared to SEK 113.8 million a year ago. Basic earnings per share from continuing operations was SEK 0.3 compared to SEK 0.81 a year ago. Diluted earnings per share from continuing operations was SEK 0.28 compared to SEK 0.78 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 
