Nelly Group Ab · OMXSTO:NELLY
Nelly Group Ab — Q3 2023 Earnings Presentation
10 slides from Nelly Group Ab's earnings presentation, Oct 27, 2023
Slide 1: Nelly Group Investor Presentation Q3 2023
Nelly Group INVESTOR PRESENTATION Q3 2023 27 October 2023 NELLY.COM
Slide 2: Nelly Group Q3 2023 Presentation
Nelly Group Q3 2023 Presentation Helena Karlinder-Ostlundh Ola Wahlstrom CEO Interim CFO ir@nelly.com www.nellygroup.com NELLY
Slide 3: Agenda
AGENDA This is Nelly Re-building for profitability Financial update Q&A NELLY
Slide 4: An integral part of the young woman's everyday life
Slide 5: Re-building for profitability
Re-building for profitability Continued to optimise assortment breadth as well as depth Further strengthened our position in “everyday categories” Increased share of full-price sales, higher volumes on top sellers, and stronger own brand share Lower return rate overall and within several categories
Slide 6: Nelly Flagship Store
Nelly Flagship Store + Located in the heart of Stockholm and spread over more than 500 square meters + Opened 30 September - a day of celebrating fashion together, starting with a breakfast event for our most loyal Nelly customers before the grand public opening + Opportunity to deepen relationships
Slide 7: Q3 2023 - Income statement
Q3 2023 - Income statement -17% revenue decline in competitive markets Gross margin +9.2%p partly due to (SEK million) Q3 22 reduced campaign activity & increased Net revenue 284 own brand share of sales Gross profit te SEK 10m lower fulfilment and Gross margin 41.5% 50.7% distribution cost, mainly
Slide 8: 393k Orders, -17% YoY
393k Orders, -17% YoY 39.4% Share of own sales increase of +5.2%p. YoY 34.3% Returns reduction of -1.9%p. YoY Fulfilment & distribution cost down 10m YoY, as a share of net revenue at 14.3% (15.5%) Marketing cost as a share of net revenue 8.9% (9.8%) Admin and other operating costs at 52m (58m) SEK
Slide 9: Q&A
Slide 10: Thanks!