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2022-10-26

Desenio Group AB (publ) – Quarterly Report January – September 2022

Operating profit increased in the quarter to SEK 19.1 million despite lower sales of SEK 212.3 million compared to the same quarter last year. Positive operating cash flow in the quarter of SEK 40.5 million.

THIRD QUARTER

  • Net sales decreased 11.3% to SEK 212.3 (239.5) million.
  • Gross margin for the quarter was 83.8% (82.8%).
  • Operating result amounted to SEK 19.1 (17.4) million, corresponding to an operating margin of 9.0% (7.3%).
  • Adjusted EBITA was SEK 28.1 (29.2) million, corresponding to an adjusted EBITA margin of 13.3% (12.2%).
  • Result before tax was SEK 0 (-0.4) million.
  • Cash flow from operating activities amounted to SEK 40.5 (21.5) million.
  • Earnings per share was SEK 0.01 (0.00) before dilution and SEK 0.01 (0.00) after dilution.

JANUARY-SEPTEMBER

  • Net sales decreased 24.8% to SEK 682.8 (907.8) million.
  • Gross margin for the period was 83.4% (82.1%).
  • Operating result amounted to SEK 16.1 (104.1) million, corresponding to an operating margin of 2.4% (11.5%).
  • Adjusted EBITA was SEK 56.3 (152.6) million, corresponding to an adjusted EBITA margin of 8.2% (16.8%).
  • Result before tax was SEK -37.0 (53.2) million.
  • Cash flow from operating activities amounted to SEK 1.1 (-17.5) million.
  • Earnings per share was SEK -0.21 (0.30) before dilution and SEK -0.21 (0.28) after dilution.

SIGNIFICANT EVENTS DURING AND AFTER THE PERIOD
The logistic centre for North America opened the last week in September.

Wecast
A webcast - in English – will be held at 09.00 CEST. Fredrik Palm, CEO, and Kristian Lustin, CFO, will present the Quarterly Report. Please find a link to the webcast below:
Webcast: https://ir.financialhearings.com/desenio-group-q3-2022

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 2022-10-26 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 Quarterly Report January September 2022

Författare MFN