- The Group's sales for the period
January 1 - March 31, 2021 , amounted to MEUR 28.1 (22.2), with a gross margin of 18.5 (26.7) percent.
-
The Group's result for the period
January 1 - March 31, 2021 , amounted to MEUR -1.4 (-2) corresponding toEUR -0.01 (-0.02) per share.
-
EBITDA for the period
January 1 - March 31, 2021 , amounted to MEUR 0.3 (0.3).
-
Equity as of
March 31, 2021 amounted to MEUR 17.8 (18.2) corresponding toEUR 0.15 (0.15) per share.
-
A bid for all outstanding shares in
ZAGG shares was approved onFebruary 18, 2021 .
The bid level was at the current share price so will not have an effect for the P&L but will contribute with approximately 2.5 MEUR in cash, with a potential upside ofUSD 0.25 per share if certain conditions are met
corresponding to an additionalUSD 159.4 thousands .
Significant events after the end of the period STRAX subsidiary Urbanista, the Swedish lifestyle audio brand, announced Urbanista Los Angeles, the world's first self-charging, wireless active noise cancelling headphones, powered by Powerfoyle(TM) solar cell material. Using advanced green technology,Los Angeles converts all forms of light, outdoor and indoor, into energy to deliver virtually infinite playtime.
"Our strong sales growth in Q1 was driven by the Health & Wellness product category and we also experienced positive development in accessories and audio products relative to 2020. All our markets were affected by some form of lockdown or social restrictions due to the COVID-19 pandemic during the quarter, which negatively impacted sell-through with our brick-and-mortar customers."
Gudmundur Palmason , CEO
For further information please contactGudmundur Palmason , CEO,STRAX AB , +46 8 545 017 50.
This is information that
STRAX AB is obliged to make public pursuant to the EU Market Abuse Regulation and the Securities Markets Act. The information was submitted for publication, through the agency of the contact person set out above, at08:55 CET onMay 26, 2021 .
About
We develop and grow brands through an omnichannel approach, and we operate two complementary businesses:
Own brands - including Urbanista, Clckr, Richmond & Finch, Planet Buddies, xqisit, AVO+, and licensed brands such as adidas, Bugatti, Diesel,
In addition to own and licensed brands,
Founded in
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