Brief: Qliro Group says Q1 2018 Affected By Returns And Investments Within Nelly And Reorganization Within CDON Marketplace

Nelly AB (publ)

05/04/2018 20:52

April 5 (Reuters) - Qliro Group AB (publ)  QLRO.ST :
    * FIRST QUARTER 2018 AFFECTED BY RETURNS AND INVESTMENTS
WITHIN
NELLY AND REORGANIZATION WITHIN CDON MARKETPLACE
    * NELLY ACCELERATED ITS MARKETING, CONTRIBUTING TO AN ORDER
INCREASE OF 15 PERCENT DURING THE FIRST QUARTER
    * SALES GROWTH WAS LIMITED TO 2 PERCENT DUE TO DELAYED
DELIVERIES
AND INCREASED RETURNS DURING Q1
    * CDON MARKETPLACE ADJUSTED ITS ORGANIZATION TO CONTINUE
TRANSFORMATION TO A MARKETPLACE WHICH AFFECTED RESULTS BY
APPROXIMATELY SEK 7 MILLION IN Q1

Source text for Eikon:  ID:nWkr4RWCsn 
Further company coverage:  QLRO.ST 

 ((Reuters.Briefs@thomsonreuters.com;))