Lyko reports record Q2 EBIT of SEK 54m
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.
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Online beauty and personal care retailer
lyko.comLast updated
In short: Lyko achieved record profitability and advanced its cost-reduction program while expanding its physical retail footprint across the Nordics.
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.
Over 1,500 in queue, almost 6,000 visitors day 1 and smashed sales record. Kalmar received the store enthusiastically.
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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