Lyko reports strong Q3 sales growth and EBIT improvement
Third quarter net sales rose 23.8% to SEK 1,024m with EBIT at SEK 58m. YTD EBIT reached SEK 116m, driven by efficiency gains and store expansion.
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Online beauty and personal care retailer
lyko.comLast updated
In short: Lyko delivered a record third quarter with net sales up 23.8% and EBIT of SEK 58m.
Third quarter net sales rose 23.8% to SEK 1,024m with EBIT at SEK 58m. YTD EBIT reached SEK 116m, driven by efficiency gains and store expansion.
Net sales rose 8.6% to SEK 1,021m, with gross margin steady at 43.5%. The company opened two new stores and advanced its cost reduction program.
Net sales fell 4.8% to SEK 875m, but gross margin rose to 44.1%. Cost savings boosted underlying EBIT to SEK 25m. Own brands grew 14%.
Net sales rose 17% to SEK 1,278m. Implements SEK 100m cost savings program affecting 70 FTEs. New warehouse delivers long-term gains.
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