Brief: Nelly Says Challenging Market Situation Intensifies In Q1

Nelly AB (publ)

28/04/2023 07:16

April 28 (Reuters) - Nelly Group AB (publ)  NELLY.ST :
    * CHALLENGING MARKET SITUATION SEEN IN Q4 INTENSIFIED DURING
Q1
2023 AND CONTRIBUTED TO WEAK SALES TREND
    * SALES PATTERN WAS ALSO AFFECTED MOST OF ALL IN MARCH BY
WEATHER
AND LATE START TO SPRING
    * CHANGE IN SALES PATTERN PRIMARILY SHIFTS INVENTORY
TURNOVER RATE
OF OUR MOST SEASONAL PRODUCTS TO Q2

Source text for Eikon:  ID:nMFN8Q4PMD 
Further company coverage:  NELLY.ST 

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