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LYKO_A: Revenue up 8.2% but EBIT margin fell; retail and own brands strong, Europe shifts to profit focus

LYKO_A: Revenue up 8.2% but EBIT margin fell; retail and own brands strong, Europe shifts to profit focus

Lyko Group Ab Class AOctober 18, 20243
LYKO_A: Revenue up 8.2% but EBIT margin fell; retail and own brands strong, Europe shifts to profit focus

About this update from Lyko Group Ab Class A

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.Based on This is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original source.

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