The Group’s sales amounted to EUR 38.3 million in 6 months 2018 (Q2 2018: EUR 19.0 million). As part of the costs is fixed, decline in revenue caused a drop of profitability margins. Normalised EBITDA in 6 months 2018 amounted to EUR 4.0 million (Q2 2018: EUR 1.8 million). Normalised EBITDA margin in 6 months 2018 was 10.5% (Q2 2018: 9.5%).
The largest growth in sales in 6 months 2018 was in Poland and Benelux countries, where sales increased by 3.7% and 3.1% respectively. Sales in Germany stayed stable in 6 months 2018 and showed an increase by 2.0% in Q2 2018 as a result of the country’s stable economy and the Group’s strong position in this market. Spain and France had a decrease in sales in both 6 months and Q2 2018 due to the overall change in retail concept in the Southern and Central European countries, explained above.
European Lingerie Group AB 6 Months and Second Quarter 2018 Report is available for viewing and download here and the presentation of the report here.
|