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Edge20 Feb 2026
Dollar General: The Rural Retailer Playbook
How Dollar General built a small-box empire across rural America, scaling value and convenience into one of retail's most durable business models.
Desenio Group
Desenio Group (DSNO) investor relations material
Desenio Group Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q4 2025 earnings summary19 Feb, 2026
Executive summary
Q4 marked a turnaround with a focus on cost structure and operational improvements, despite challenging financial results and weaker demand in core markets.
Strategic marketing shift led to short-term disruptions but is expected to support long-term sustainability.
Leadership changes included the appointment of a new CEO and CFO.
Financial highlights
Q4 net sales fell 18.5% year-over-year to SEK 217.8 million; full-year net sales declined 13.6% to SEK 738.2 million.
Q4 adjusted EBITA margin was 17.2% (down from 19.8%); full-year adjusted EBITA margin was 10.3% (down from 12.3%).
Q4 operating profit (EBIT) was SEK 33.5 million; full-year EBIT was SEK -215.3 million, impacted by a SEK 250 million goodwill amortization.
Cash flow from operating activities in Q4 was SEK 26.9 million; full-year was SEK 19.5 million.
Net debt reduced to SEK 278.6 million from SEK 1,000.6 million year-over-year.
Outlook and guidance
Operational improvements and a more efficient cost structure are expected to support a return to sustainable growth in 2026.
Demand for products remains strong, but further optimization, especially for Poster Store, is needed.
Explain net debt reduction post-restructuring.
How did the marketing shift affect customer acquisition?
Update on North America expansion progress.
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Next Desenio Group earnings date
Q1 202630 Apr, 2026
Desenio Group
Next Desenio Group earnings date
Q1 202630 Apr, 2026
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Frequently asked questions
Desenio Group is an online-based direct-to-consumer company that provides affordable art and interior accessories to tens of thousands of customers every day. Since 2010, Desenio has specialised in producing one-of-a-kind, hand-painted wall murals from unique paintings that consumers have found in museums and homes all over the world. The company was founded in 2010 and is based in Stockholm, Sweden.
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