Desenio Group AB Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2024
July 16, 2024 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, 2024. For the second quarter, the company reported sales was SEK 166 million compared to SEK 184.5 million a year ago. Net loss was SEK 23.4 million compared to SEK 17.5 million a year ago. Basic loss per share from continuing operations was SEK 0.16 compared to SEK 0.12 a year ago. Diluted loss per share from continuing operations was SEK 0.16 compared to SEK 0.12 a year ago.
For the six months, sales was SEK 394.9 million compared to SEK 444.8 million a year ago. Net loss was SEK 30.9 million compared to SEK 11.9 million a year ago. Basic loss per share from continuing operations was SEK 0.21 compared to SEK 0.08 a year ago. Diluted loss per share from continuing operations was SEK 0.21 compared to SEK 0.08 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 
