Q2 saw strong growth in both sales and earnings, with positive market sentiment and recovery in several regions.
Investments in logistics, IT, and production facilities, including Dallas and Toppoint, are ongoing and expected to drive future growth and efficiency.
The group continues to focus on sustainable, profitable growth across its three operating segments.
Integration of Cotton Classics is progressing well, contributing significantly to sales growth.
Net sales for Q2 increased by 13.5% to SEK 2,611 million, with local currency growth of 14.6% and organic growth of 2.2%.
Gross profit margin improved to 50.0% (up from 48.0%), with a historical high above 27% excluding acquisitions.
Operating profit for Q2 was SEK 295 million, with an operating margin of 11.3%.
Profit for Q2 was SEK 202 million, EPS SEK 1.52; half-year profit was SEK 330 million, EPS SEK 2.49.
Cash flow from operating activities for the half-year was SEK 305 million, supporting a robust balance sheet.
Management expects continued growth and margin improvement as investments in automation, logistics, and IT mature.
Dallas fulfillment center expected to reach breakeven within 3-6 months after October launch, supporting US growth.
Operating margin is expected to improve from the second half of next year as investment costs normalize.
Focus remains on maintaining high gross margins and leveraging recent investments for future growth.
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