Correction: Desenio Group AB (publ) – Quarterly Report January – March 2025

MARKN.

In Desenio Group AB's quarterly report for the period January – March 2025, which was published on April 30, 2025, at 07:00 CEST, incorrectly summarized figures were stated in the column "Apr-Mar 24/25" on page 3 and page 11. A corrected version of the quarterly report is attached to this press release.

During Q1, net sales decreased by 10.0% to SEK 206 million while the adjusted EBITA margin increased to 10.4% (9.7%). Cash flow from operating activities was SEK -32.8 (-19.1) million. Operating cash flow adjusted for bond restructuring was SEK -17.7 (-19.1) million.

FIRST QUARTER

  • Net sales decreased by 10.0% to SEK 206.0 (228.9) million.
  • Gross margin for the quarter was 83.7% (83.8%) and 84.8% adjusted for warehouse consolidation.
  • Adjusted EBITA was SEK 21.5 million (22.2), corresponding to an adjusted EBITA margin of 10.4% (9.7%).
  • Operating profit (EBIT) amounted to SEK -6.9 (19.0) million, corresponding to an operating margin of -3.4% (8.3%).
  • Profit before tax was SEK -20.2 (-3.9) million.
  • Cash flow from operating activities amounted to SEK -32.8 (-19.1) million.
  • Earnings per share was SEK -0.04 (-0.05).

Significant events during and after the period
On March 4, an extraordinary general meeting of Desenio Group resolved on and on March 21, a restructuring of Desenio's bonds and capital structure was completed. The restructuring included a 75% write-down of the bond and a debt-for-equity swap through a set-off issue of shares and led to a dilution effect of 95% for existing shareholders. 

On April 23, an extraordinary general meeting of Desenio Group decided to dismiss the previous board and elect four new board members. 

Webcast
A webcast - in English – will be held April 30 at 10.00 CEST. Fredrik Palm, CEO, and Johan Roslund, CFO, will present the Q1-Report. If you wish to participate via webcast please use the link below. Via the webcast you are able to ask written questions. https://desenio-group.events.inderes.com/q1-report-2025/register

If you wish to participate via teleconference, please register on the link: https://events.inderes.com/desenio-group/q1-report-2025/dial-in

Financial reports
The interim reports are available on the website: www.deseniogroup.com

Datum 2025-05-02, kl 16:50
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