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 cash flow, driven by strategic store openings and increased own brand sales. Gross margin stabilized sequentially but remains pressured by category mix, while leverage is elevated due to ongoing investments.