Desenio Group Second Quarter 2024 Earnings: kr0.16 loss per share (vs kr0.12 loss in 2Q 2023)

Desenio Group (STO:DSNO) Second Quarter 2024 Results

Key Financial Results

• Revenue: kr166.0m (down 10.0% from 2Q 2023).
• Net loss: kr23.4m (loss widened by 34% from 2Q 2023).
• kr0.16 loss per share (further deteriorated from kr0.12 loss in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Desenio Group Earnings Insights

Looking ahead, revenue is forecast to grow 5.1% p.a. on average during the next 2 years, compared to a 3.9% growth forecast for the Specialty Retail industry in Sweden.

Performance of the Swedish Specialty Retail industry.

The company's shares are down 17% from a week ago.

Risk Analysis

It is worth noting though that we have found 5 warning signs for Desenio Group (4 are potentially serious!) that you need to take into consideration.

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