Net sales grew 6.6% year-over-year to SEK 2,328 million, with 13.2% growth in local currencies, driven by acquisitions and organic growth, despite weak and uncertain global market conditions.
Gross margin reached a record 50.0%, up from 49.8% year-over-year, attributed to lower trading volumes and strong brand performance.
Operating profit was SEK 200 million, down from SEK 212 million last year, impacted by temporary costs for new business system implementation and acquisitions.
Net profit for the quarter was SEK 129 million, with EPS at SEK 0.97, both lower than the prior year.
Integration of Cotton Classics and launch of three new brands contributed positively.
Net sales increased 6.6% to SEK 2,328 million, with gross profit at SEK 1,163 million and a margin of 50.0%.
Operating margin was 8.6%, compared to 9.7% last year.
Earnings per share were SEK 0.97, down from SEK 1.09.
Cash flow from operations before working capital changes was SEK 208 million, up from SEK 183 million.
Equity ratio stood at 55.5%, up from 53.0% at year-end.
Management remains confident in achieving higher organic growth and improved profitability, with continued investments in IT, warehousing, and automation to support future growth.
Long-term targets include 10–20% annual sales growth (5–10% organic) and an operating margin of 20%.
Cash flow may temporarily decrease as inventory builds up with market improvement.
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