Sweden · Delayed Price · Currency is SEK Lyko Group AB Earnings Call Transcripts
Fiscal Year 2026
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Sales declined 4.8% year-over-year to SEK 875 million, but gross margin rebounded to 44.1%. A SEK 100 million cost-saving program is underway, with restructuring costs and high leverage impacting results. Focus remains on Nordic profitability and cost control.
Fiscal Year 2025
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Net sales grew 16.6% year-over-year, but gross margin fell to 39.6% due to campaign pressure and mix. SEK 100 million in annual cost savings will be realized from February, with a focus on profitability over growth. Brand awareness and market share reached record highs.
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Q3 saw 8.5% sales growth and the successful launch of a new automation system, though gross margin fell due to a viral own-brand campaign and related one-off costs. Brand awareness surged in Sweden, and store expansion is planned, with cautious rollout and internal financing.
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Net sales grew 6.8% year-over-year to SEK 939 million, with strong profitability and margin improvements despite campaign investments. Nordic growth and automation ramp-up are on track, while European losses are narrowing. Double-digit growth in June and a positive outlook continue.
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Net sales grew 11.5% to SEK 918 million, with EBIT up 75% year-over-year and strong growth in both Nordics and Europe. Logistics automation is on track to boost capacity, while disciplined inventory and aggressive campaigns address rising competition.
Fiscal Year 2024
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Q4 net sales surpassed SEK 1 billion, with 15.6% growth and record EBIT margin of 7%. Gross margin rose to 45.2% due to product mix and own brands, while the Nordics led strong performance. European losses narrowed, and capacity expansion is underway.
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Q3 saw 8.2% revenue growth but lower EBIT margin and negative earnings, impacted by tough comps, warehouse constraints, and a shift toward retail. Own brands and the Nordics performed well, while Europe focused on profitability. Warehouse expansion and strategic store openings are key priorities.
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Q2 saw accelerated sales growth, improved EBIT margin, and strong Nordic performance, with own brands rising to 7% of sales. Inventory optimization and ongoing investments in automation and stores support future profitability, while leverage remains elevated until project completion.