Brief: Nelly Q2 Operating Result Swings To Loss Sek 18.5 Million
15/07/2022 07:09
July 15 (Reuters) - Nelly Group AB (publ) NELLY.ST :
* HALF-YEAR REPORT 2022 FOR 1 JANUARY TO 30 JUNE 2022
* Q2 NET REVENUE FELL TO SEK 339.4 (396.7) MILLION,
* Q2 OPERATING LOSS WAS SEK -18.5 (7.0) MILLION,
* DURING FIRST HALF OF 2022, WE SAW WEAK FINANCIAL
PERFORMANCE FOR
NELLY AND A DECLINE IN TOTAL CUSTOMER TRAFFIC, WHICH CLEARLY
SHOWS THAT WE DID NOT DELIVER WHAT OUR CUSTOMERS WANT FREQUENTLY
ENOUGH IN A MANNER THAT ALSO GENERATES STABLE LONG TERM
PROFITABILITY.
* WE ARE NOW WORKING TOGETHER TO SIMPLIFY OUR
CROSSFUNCTIONAL CORE
PROCESSES TO MOVE TOWARDS PROFITABILITY AND REFINE NELLY
CUSTOMER JOURNEY.
* IN COMING QUARTERS, WE WILL CONTINUE TO IMPLEMENT CHANGES
TO
STRENGTHEN OUR BUSINESS AND REDUCE COSTS.
* WE ALSO NEED TO CONTINUE TO ENHANCE OUR LOGISTICS
EFFICIENCY,
PRIMARILY THROUGH OUR AUTOMATED WAREHOUSE, WHICH, IN JUNE,
DELIVERED OUR LOWEST EVER COST PER ITEM HANDLED.
Source text for Eikon: ID:nMFN4rtvcD
Further company coverage: NELLY.ST
(Gdansk Newsroom)
((gdansk.newsroom@thomsonreuters.com; +48 58 772 0920;))