Desenio Group AB Announces Consolidated Earnings Results for the First Quarter Ended March 31, 2021
May 05, 2021 at 01:56 pm
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Desenio Group AB (publ) announced consolidated earnings results for the first quarter ended March 31, 2021. For the period, the company reported net sales of SEK 402.1 million compared to SEK 178.4 million a year ago. Operating profit was SEK 67.4 million compared to SEK 28.7 million a year ago. Profit for the period was SEK 39.7 million compared to SEK 21.9 million a year ago. Basic earnings per share were SEK 0.28 compared to SEK 0.16 a year ago. Diluted earnings per share were SEK 0.26 compared to SEK 0.15 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.