Sweden's Desenio Q3 net sales rise; expects growth in 2026
Sweden's Desenio Q3 net sales rise; expects growth in 2026
Overview
Sweden e-commerce art retailer's Q3 net sales rose 9.4% yr/yr
Adjusted EBITA margin for Q3 was 8.0%, slightly down from 8.3% last year
Company agreed to acquire Historly AB, with immaterial near-term financial impact
Outlook
Desenio expects to return to growth in 2026 at fixed currency rates
Company forecasts 2026 EBITDA margin in the low double digits
Acquisition of Historly AB expected to have immaterial impact on current financial year
Result Drivers
BUSINESS MODEL - Co cited its proprietary technical platform, creative processes, and digital distribution as drivers of growth
PRODUCT DEVELOPMENT - Co said developing original art, curating collections, and artist collaborations contributed to growth
Company press release: ID:nMFN1GjwgV
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Sales |
| SEK 182.80 mln |
|
Q3 Gross Margin |
| 84.80% |
|
Q3 Adjusted EBITA |
| SEK 14.60 mln |
|
Q3 Adjusted EBITA Margin |
| 8.00% |
|
Reuters Recommended Reads
Oct 22 - Sweden's Kjell Group Q3 sales rise as profit improves
Oct 22 - Sweden's Cdon Q3 GMV rises 18%, sales up 3%
Oct 22 - France's SMCP Q3 sales fall on weak demand
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)