Desenio

THIRD QUARTER

• Net sales decreased by 15.6% to SEK 192.6. (228.2) million.
• Gross margin for the quarter was 85.2% (83.3%).
• Operating profit (EBIT) amounted to SEK 21.8 (16.1) million, corresponding to an operating margin of 11.3% (7.1%).
• Adjusted EBITA was SEK 23.4 million (25.1), corresponding to an adjusted EBITA margin of 12.1% (11.0%).
• Profit before tax was SEK -5.9 (-13.6) million.
• Cash flow from operating activities amounted to SEK 2.3 (9.1) million.
• Earnings per share was SEK -0.06 (-0.12).

JANUARY – SEPTEMBER

• Net sales decreased by 12.7% to SEK 587.5 (673.0) million.
• Gross margin for the period was 84.2% (83.9%).
• Operating profit (EBIT) amounted to SEK 46.5 (45.0) million, corresponding to an operating margin of 7.9% (6.7%).
• Adjusted EBITA was SEK 52.6 (72.0) million, corresponding to an adjusted EBITA margin of 9.0% (10.7%).
• Profit before tax was SEK -32.6 (-21.8) million.
• Cash flow from operating activities amounted to SEK -64.9 (14.0) million.
• Earnings per share was SEK -0.27 (-0.20).

Significant events during and after the period
The dialogue with Desenio Group's bondholders continued during the third quarter. After the end of the quarter, on November 7, 2024, Desenio Group announced that it had initiated a written procedure to inter alia extend the maturity of its outstanding senior secured bonds until January 31, 2025, with a possibility of further extension through simplified procedure. For further information, see the Financial position, financing and going concern section.

The forward-looking information Desenio Group disclosed in the second quarter to the bondholders and published remains. However, given the development during Q3, net sales for 2024 are expected to end up in the lower part of the previously communicated range, minus 5-10%.

Webcast
A webcast - in English – will be held November 28 at 09.00 CET. Fredrik Palm, CEO, and Anna Ståhle CFO will present the Quarterly Report. If you wish to participate via webcast please use the link below. Via the webcast you are able to ask written questions. https://ir.financialhearings.com/desenio-group-q3-report-2024

If you wish to participate via teleconference please register on the link below. https://conference.financialhearings.com/teleconference/?id=50048686

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