Ellos Group (ELLOS) Q1 2025 earnings summary

Executive summary

• Net sales reached SEK 801.6 million for Q1 2025, with all e-commerce sites showing increased sales.

• Adjusted EBITA was SEK 32.2 million, and operating profit was SEK 14.4 million, both significant improvements year-over-year.

• Private labels accounted for about two-thirds of sales, expanding to platforms like Zalando and Amazon.

• Fashion and Home Furnishings segments both contributed positively, with notable recovery in textiles and European markets.

• Sustainability initiatives advanced, with the first CSRD-based report and new climate targets for 2025.

Financial highlights

• Net sales: SEK 801.6 million.

• Gross profit: SEK 330.5 million; gross margin: 41.2%.

• Adjusted EBITA: SEK 32.2 million; margin: 4.0%.

• Operating profit: SEK 14.4 million; margin: 1.8%.

• Profit/loss for the period: SEK -14.0 million.

• Cash flow from operating activities: SEK -63.6 million.

• Inventories at period end: SEK 678.8 million.

Outlook and guidance

• Management remains optimistic for 2025, expecting continued growth and improved efficiency.

• E-commerce is anticipated to grow structurally, with focus on core customers and cash flow improvement.

• Long-term financing supports growth ambitions.