Nelly Group Ab · OMXSTO:NELLY
Nelly Group Ab — Q1 2024 Earnings Presentation
9 slides from Nelly Group Ab's earnings presentation, Apr 26, 2024
Slide 1: Nelly Group Investor Presentation Q1 2024
Nelly Group INVESTOR PRESENTATION Q1 2024 26 April 2024
Slide 2: Nelly Group Q1 2024 Presentation
Nelly Group Q1 2024 Presentation Helena Karlinder-Östlundh Niklas Lingblom CEO CFO ir@nelly.com www.nellygroup.com
Slide 3: Agenda
AGENDA • This is NELLY • The CEO’s comments on the quarter • Financial update • Q&A
Slide 4: A staple in Nordic fashion for 20 years now
A staple in Nordic fashion for 20 years now Founded in 2004 in Borås 900K 1.8M Pioneer in online fashion for young women ACTIVE ORDERS PLACED CUSTOMERS YEARLY in the Nordics, with menswear added 2008 Still primarily an eCommerce business, but now with one flagship store in Stockholm Helping 900 000
Slide 5: Our long-term strategy is delivering results
Our long-term strategy is delivering results • Delivered an operating profit for the first quarter A profitable • A markedly improved result year-on-year first quarter • Continued positive trends on key metrics including gross margin • Further progress on assortment breadth and depth in line with St
Slide 6: Q1 2024 – Income statement
Q1 2024 – Income statement Revenue decline of -5.1% in competitive markets (SEK million) Q1 24 Q1 23 Gross margin +8.2%p mainly due to reduced campaign activity & increased Net revenue 222.2 234.2 own brand share of sales Gross profit 109.1 95.8 +13.3 Warehousing and distribution costs Gross margin
Slide 7: Q1 2024 – Operational & Financials
Q1 2024 – Operational & Financials Reduction in orders • 369k Orders, -15.2% YoY Higher own brand share • 39.9% Own brand share, increase of +4.1%p. YoY Improved return rate • 33.4% Return rate, improvement of -4.4%p. YoY • Warehousing & distribution costs down 10.6m YoY, as a share of net revenue a
Slide 8: Q&A
Q&A
Slide 9: Thanks!
THANKS!