Adjusted EBITA margin increased to 16.2% despite lower sales in the quarter compared to the same quarter last year. Positive cash flow from operating activities of SEK 23.9 million in the quarter

FOURTH QUARTER

  • Net sales decreased 11.7% to SEK 282.1 (319.4) million.
  • Gross margin for the quarter was 85.6% (82.3%).
  • Operating result amounted to SEK 36.6 (38.9) million, corresponding to an operating margin of 13.0% (12.2%).
  • Adjusted EBITA was SEK 45.6 (48.9) million, corresponding to an adjusted EBITA margin of 16.2% (15.3%).
  • Result before tax was SEK 22.4 (23.5) million.
  • Cash flow from operating activities amounted to SEK 23.9 (37.2) million.
  • Earnings per share was SEK 0.05 (0.10) before dilution and SEK 0.05 (0.10) after dilution.

JANUARY-DECEMBER

  • Net sales decreased 21.4% to SEK 964.9 (1,227.2) million.
  • Gross margin for the period was 84.0% (82.2%).
  • Operating result amounted to SEK 52.8 (143.0) million, corresponding to an operating margin of 5.5% (11.7%).
  • Adjusted EBITA was SEK 101.9 (201.5) million, corresponding to an adjusted EBITA margin of 10.6% (16.4%).
  • Result before tax was SEK -14.6 (76.7) million.
  • Cash flow from operating activities amounted to SEK 25.0 (26.3) million.
  • Earnings per share was SEK -0.15 (0.40) before dilution and SEK -0.15 (0.38) after dilution.
  • For the full year 2022, the Board proposes no ordinary dividend.

WEBCAST
A webcast - in English – will be held at 09.00 CET. Fredrik Palm, CEO, and Kristian Lustin, CFO, will present the Quarterly Report.
If you wish to participate via webcast, please use the link https://ir.financialhearings.com/desenio-group-q4-2022. Via the webcast you can ask written questions.

If you wish to participate via teleconference, please register on the link https://conference.financialhearings.com/teleconference/?id=5009997. After registration you will be provided phone numbers and a conference ID to access the conference. You can ask questions verbally via the teleconference.

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 2023-02-15 07:00 CET.

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

Year End Report Q4 2022

© Modular Finance, source Nordic Press Releases