Revenue surpassed SEK 10 billion for the first time, driven by organic growth and the acquisition of Cotton Classics, despite volatile market conditions and significant currency headwinds.
Growth was reported in all business segments and both promo and retail channels, with significant contributions from acquisitions and organic expansion.
Profitability was maintained, though operating profit and net income declined year-over-year due to higher costs, non-recurring legal expenses, and high investment levels.
CEO and management remain optimistic for future growth and margin improvement as investments mature, despite market volatility.
Full-year net sales reached SEK 10,019 million, up 5.1% year-over-year, with 9.5% organic growth in local currencies.
Q4 net sales were SEK 3,145 million, up 11.2% year-over-year despite a -6.5% currency impact; local currency growth was 17.7%.
Full-year operating profit was SEK 1,141 million (down from SEK 1,262 million), with a margin of 11.4%; Q4 operating profit was SEK 435 million (13.8% margin).
Full-year net result was SEK 783 million, with EPS of SEK 5.90 (down from 6.63); Q4 net income was SEK 306 million.
Gross profit margin for the year was 49.0% (49.4%); Q4 margin was 48.5% (50.0%).
Cash flow from operating activities for the year was SEK 1,108 million; Q4 cash flow was SEK 534 million.
Management remains optimistic, targeting 10–20% annual growth over an economic cycle, with 5–10% organic growth and a 20% operating margin.
Continued investments in IT, ERP, automation, and new facilities are expected through 2026, with cost levels remaining elevated.
Dividend proposal of SEK 3.00 per share, corresponding to 51% of net profit, to be paid in two installments.
Inventory levels increased to support anticipated growth in 2026.
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