Desenio Group AB Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 24, 2023 at 06:00 am
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Desenio Group AB (publ) reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was SEK 184.5 million compared to SEK 182.9 million a year ago. Net loss was SEK 17.5 million compared to SEK 41.7 million a year ago. Basic loss per share from continuing operations was SEK 0.12 compared to SEK 0.29 a year ago. Diluted loss per share from continuing operations was SEK 0.12 compared to SEK 0.29 a year ago.
For the six months, sales was SEK 444.8 million compared to SEK 470.5 million a year ago. Net loss was SEK 11.9 million compared to SEK 32.7 million a year ago. Basic loss per share from continuing operations was SEK 0.08 compared to SEK 0.23 a year ago. Diluted loss per share from continuing operations was SEK 0.08.
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 
