Brief: Qliro Q3 Oper Result Swings To Loss Of SEK 12.7 Mln

Nelly AB (publ)

22/10/2019 07:11

Oct 22 (Reuters) - Qliro Group AB (publ)  QLRO.ST :
    * INTERIM REPORT FOR THE PERIOD JANUARY 1 TO SEPTEMBER 30,
2019
    * Q3 NET SALES SEK 624.6 MILLION VERSUS SEK 665.1 MILLION
YEAR AGO
    * Q3 OPERATING PROFIT AMOUNTED TO SEK -12.7 (0.7) MILLION
    * NELLY SHOWED CONTINUED GROWTH BUT LOWER MARGINS IN A
CHALLENGING
MARKET
    * QLIRO GROUP HAS INITIATED PROCESS TO LIST SUBSIDIARY QLIRO
ON
NASDAQ STOCKHOLM'S MAIN MARKET IN FIRST HALF OF 2020
    * AFTER QLIRO LISTING, GROUP WILL FOCUS ON E-COMMERCE
THROUGH
NELLY AND CDON
    * WHEN QLIRO IS LISTED, QLIRO GROUP INTENDS TO CHANGE ITS
NAME TO
BETTER REFLECT ITS FUTURE BUSINESS

Source text for Eikon:  ID:nWkr7fKxpk 
Further company coverage:  QLRO.ST 

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