Brief: Strax Q1 EBITDA Flat At SEK 0.3 Mln

Strax AB

26/05/2021 07:57

May 26 (Reuters) - Strax AB  STRAX.ST :
    * STRAX: INTERIM REPORT NO 1 FOR THE FINANCIAL YEAR 2021
    * GROUP'SSALES FOR PERIOD JANUARY 1 - MARCH 31, 2021,
AMOUNTED TO
MEUR 28.1 (22.2), WITH A GROSS MARGIN OF 18.5 (26.7) PERCENT.
    * Q1 EBITDA AMOUNTED TO MEUR 0.3 (0.3)
    * OUR STRONG SALES GROWTH IN Q1 WAS DRIVEN BY HEALTH &
WELLNESS
PRODUCT CATEGORY AND WE ALSO EXPERIENCED POSITIVE DEVELOPMENT IN
ACCESSORIES AND AUDIO PRODUCTS RELATIVE TO 2020
    * ALL OUR MARKETS WERE AFFECTED BY SOME FORM OF LOCKDOWN OR
SOCIAL
RESTRICTIONS DUE TO COVID-19 PANDEMIC DURING QUARTER, WHICH
NEGATIVELY IMPACTED SELL-THROUGH WITH OUR BRICK-AND-MORTAR
CUSTOMERS

Source text for Eikon:  ID:nWkr9gPmdW 
Further company coverage:  STRAX.ST 

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