Embellence Group

“We continue the year with delivering strong revenue growth of 13% and improved earnings also during the second quarter 2024. However, this should be compared to weak performance in the year-earlier quarter. The trend was primarily driven by two of our Brands, Boråstapeter and Artscape, but also Manufacturing increased their external revenue significantly. During our first Capital Markets Day in May, we introduced an updated, Brand focused strategy and new long term financial growth target.”
Olle Svensk, CEO, Embellence Group AB

Second quarter 2024

• Net sales amounted to MSEK 191 (170), up 13%. Organic growth amounted to 12%. The exchange rate effect amounted to 1%.
• The gross margin amounted to 60.1% (61.4)
• Operating income (EBITA) amounted to MSEK 25 (15),up 63%.
• The EBITA margin amounted to 13.0% (8.9).
• Net profit for the period amounted to MSEK 13 (–2) and earnings per share for the period before dilution to SEK 0.56 (–0.10).
• Operating cash flow amounted to MSEK 43 (12).

Significant events during the quarter

• On 21 May, Embellence Group introduced an updated strategy and new long-term targets.

Significant events after the end of the quarter

• No significant events to report.