Nelly Group
INVESTOR
PRESENTATION
Q 2 2 0 2 4
1 2 July 2 0 2 4
Nelly Group Q2 2024
Presentation
Helena Karlinder-Östlundh | Niklas Lingblom |
CEO | CFO |
ir@nelly.com
www.nellygroup.com
Agenda
- This is NELLY
- CEO's comments on the quarter
- Financial summary
- Q&A
CEO's comments Q2 2024
- Net revenue growth
- Improved profitability
- Strong spring / summer season
- Strategic collaborations
- Investment in marketing
- New core systems live
Growth in the second quarter
Net revenue (SEK million) | |||
450 | |||
400 | |||
387 | |||
350 | |||
+8.8% | |||
339 | |||
300 | 314 | ||
288 | 289 | 302 | |
284 | |||
250 | -5.1% | ||
236 | |||
234 | 222 | ||
200 | |||
150
100
50
0
Q1 | Q2 | Q3 | Q4 |
2022 2023 2024
Solid profitability and cost control
Operating profit/loss (SEK million) and | |||||||||||
Operating margin (%) | |||||||||||
40 | 20% | ||||||||||
30 | |||||||||||
30 | 15% | ||||||||||
24 | |||||||||||
20 | 10% | ||||||||||
13 | |||||||||||
10 | 8 | 5% | |||||||||
1 | |||||||||||
0 | 0% | ||||||||||
-2 | |||||||||||
-10 | -5% | ||||||||||
-12 | |||||||||||
-20 | -10% | ||||||||||
-19 | |||||||||||
-24 | |||||||||||
-30 | -15% | ||||||||||
-34 | |||||||||||
-40 | -20% | ||||||||||
Q1 | Q2 | Q3 | Q4 | Q1 | Q2 | Q3 | Q4 | Q1 | Q2 | ||
2022 | 2022 | 2022 | 2022 | 2023 | 2023 | 2023 | 2023 | 2024 | 2024 |
Q2 2024 - Income statement
(SEK million) | Q2 24 | Q2 23 |
Net revenue | 314.1 | 288.6 |
Gross profit | 171.9 | 141.4 |
Gross margin | 54.7% | 49.0% |
Warehousing and distribution costs | -42.1 | -48.9 |
Marketing costs | -40.9 | -29.3 |
Admin and other operating expenses | -58.5 | -55.4 |
Operating profit or loss | 30.5 | 7.7 |
Operating margin | 9.7% | 2.7% |
+30.5
-6.8
+11.6
+3.1
+22.8
- = delta vs. LY
Q2 2024 - Additional financial KPIs
Return Rate (%)
45%
41%
40%
38% | 38% | ||
36% | |||
34% | |||
35% | |||
33% | 33% | ||
35% | |||
31%
32%
30%
25%
Q1 | Q2 | Q3 | Q4 | Q1 | Q2 | Q3 | Q4 | Q1 | Q2 |
2022 2022 2022 2022 2023 2023 2023 2023 2024 2024
Continued return rate improvement
- Impact of strategic initiatives
- Driving lower operational costs
- Contributing to topline growth
Q2 2024 - Additional financial KPIs
Solid cash position to end Q2
• Strong cash flow from operations |
Cash flow from operations (SEK million)
150
106
100 | 92 | |
77 | ||
50 | 43 | 50 |
• Investments in IT infrastructure |
0
-5
-50
-14
• Improved equity ratio |
-54
-100
-150-137
-63
Q1 | Q2 | Q3 | Q4 |
2022 2023 2024
Q&A
Attachments
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Disclaimer
Nelly Group AB (publ) published this content on 16 July 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 July 2024 13:59:08 UTC.