Business

UMIDA.B: Joluca's launch fueled 34% sales growth and record margins, shifting sales to grocery/wholesale

UMIDA.B: Joluca's launch fueled 34% sales growth and record margins, shifting sales to grocery/wholesale

Umida Group Ab Class BNovember 14, 20243
UMIDA.B: Joluca's launch fueled 34% sales growth and record margins, shifting sales to grocery/wholesale

About this update from Umida Group Ab Class B

Q3 2024 delivered 34% sales growth and a 42% gross margin, driven by Joluca's strong launch, with positive cash flow and reduced debt. Systembolaget's share fell to 21% as grocery/wholesale became the main channel.Original document: This is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original source.

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