Desenio Group AB Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
July 14, 2022 at 10:30 am IST
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Desenio Group AB (publ) reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was SEK 182.9 million compared to SEK 266.2 million a year ago. Net loss was SEK 41.7 million compared to net income of SEK 2.7 million a year ago. Basic loss per share from continuing operations was SEK 0.29 compared to basic earnings per share from continuing operations of SEK 0.02 a year ago. Diluted loss per share from continuing operations was SEK 0.29 compared to diluted earnings per share from continuing operations of SEK 0.02 a year ago.
For the six months, sales was SEK 470.5 million compared to SEK 668.3 million a year ago. Net loss was SEK 32.7 million compared to net income of SEK 42.5 million a year ago. Basic loss per share from continuing operations was SEK 0.23 compared to basic earnings per share from continuing operations of SEK 0.3 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.
DESENIO GROUP AB 
