Board Change • May 20
No independent directors There are 4 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. No independent directors (4 non-independent directors). Director Andreas Otto is the most experienced director on the board, commencing their role in 2025. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of experienced directors. Duyuru • May 11
Desenio Group AB (publ), Annual General Meeting, Jun 09, 2026 Desenio Group AB (publ), Annual General Meeting, Jun 09, 2026, at 10:00 W. Europe Standard Time. Location: in the companys premises, at maria bangata 4a, 118 63, stockholm Sweden Duyuru • Jan 21
Desenio Group AB Announces Resignation of Stephen Taylor-Matthews as Non-Executive Director, Effective from January 21, 2026 Desenio Group AB announced that Stephen Taylor-Matthews, a member of Desenio Group AB's board of directors, is to step down from his role as non-executive director effective January 21, 2026, for personal reasons. Stephen Taylor-Matthews contributed to the transformation of the technology team and internal product processes at Desenio Group. He played a significant role in the strategic growth of search engine optimization for the company. The board of directors will continue with three non-executive directors until the next annual general meeting. Duyuru • Jun 12
Desenio Group AB (Publ) Appoints Petra Von Strombeck as New Board Member Desenio Group AB (publ) at its AGM held on 12 June 2025 appointed Petra von Strombeck as new board member. Duyuru • Apr 24
Desenio Group AB (Publ) Announces Board Changes Desenio Group AB (publ) in its extraordinary general meeting resolved, in accordance with their own request, to dismiss the current board of directors consisting of Alexander Hars, Martin Blomqvist, Max Carlsén, Sarah Kauss and Nathalie du Preezna and To elect Martin Weiss, Erik Flinck, Andreas Otto and Stephen Taylor-Matthews as members of the board of directors, that Martin Weiss shall be chairman of the board of directors and that Erik Flinck shall be deputy chairman of the board of directors. Duyuru • Oct 04
Desenio Group AB (publ), Annual General Meeting, May 28, 2025 Desenio Group AB (publ), Annual General Meeting, May 28, 2025. New Risk • Jul 21
New major risk - Revenue and earnings growth Earnings have declined by 96% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-kr31m free cash flow). Share price has been highly volatile over the past 3 months (49% average weekly change). Negative equity (-kr77m). Earnings have declined by 96% per year over the past 5 years. Market cap is less than US$10m (€3.03m market cap, or US$3.29m). Reported Earnings • Jul 17
Second quarter 2024 earnings released: kr0.16 loss per share (vs kr0.12 loss in 2Q 2023) Second quarter 2024 results: kr0.16 loss per share (further deteriorated from kr0.12 loss in 2Q 2023). Revenue: kr166.0m (down 10.0% from 2Q 2023). Net loss: kr23.4m (loss widened 34% from 2Q 2023). Revenue is forecast to grow 5.1% p.a. on average during the next 2 years, compared to a 5.8% growth forecast for the Specialty Retail industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 43 percentage points per year, which is a significant difference in performance. Reported Earnings • Apr 26
First quarter 2024 earnings released: kr0.05 loss per share (vs kr0.038 profit in 1Q 2023) First quarter 2024 results: kr0.05 loss per share (down from kr0.038 profit in 1Q 2023). Revenue: kr228.9m (down 12% from 1Q 2023). Net loss: kr7.50m (down 234% from profit in 1Q 2023). Revenue is forecast to grow 3.7% p.a. on average during the next 2 years, compared to a 6.0% growth forecast for the Specialty Retail industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 51 percentage points per year, which is a significant difference in performance. Duyuru • Apr 21
Desenio's AI Tool Empowers Customers to Create Their Own Art Desenio has taken their passion for democratizing art to new heights by proudly launching their Imaginator AI creator, a AI art tool that empowers customers to dream up unique art for their walls. The Imaginator AI creator is designed to be simple. Users simply type in a description of the art they areimagining and select an art style. The AI tool generates a selection of artworks that customers can customize before ordering as art prints. Since the launch in November 2023, there have been over 3.4 million AI art designs created by users. Desenio analyzes the art creation data to identify art micro-trends as they begin to take off, enabling the fulfilment of these micro-trends through professionally designed artworks onsite. The Imaginator AI creator strengthens Desenio's commitment to its core values: that art should be available to all, and that everyone has the right to self-expression. Reported Earnings • Feb 16
Full year 2023 earnings released: kr1.91 loss per share (vs kr0.15 loss in FY 2022) Full year 2023 results: kr1.91 loss per share (further deteriorated from kr0.15 loss in FY 2022). Revenue: kr967.2m (flat on FY 2022). Net loss: kr284.2m (loss widened kr261.9m from FY 2022). Revenue is forecast to grow 2.2% p.a. on average during the next 2 years, compared to a 5.7% growth forecast for the Specialty Retail industry in Germany. Duyuru • Nov 02
Desenio Group AB (publ) to Report Fiscal Year 2023 Final Results on May 08, 2024 Desenio Group AB (publ) announced that they will report fiscal year 2023 final results at 9:00 AM, Central European Standard Time on May 08, 2024 Duyuru • Oct 31
Desenio Group AB (Publ) Announces Nomination Committee Desenio Group AB (publ) announced that the company has appointed the following representatives to the election committee: Jacob Wiström appointed by Verdane Capital (Chairman); Thomas Blomqvist appointed by MBHB Holding; Alexander Hars, as the third owner through Hars Holding and chairman of Desenio Group's board. Reported Earnings • Oct 27
Third quarter 2023 earnings released: kr0.12 loss per share (vs kr0.035 profit in 3Q 2022) Third quarter 2023 results: kr0.12 loss per share (down from kr0.035 profit in 3Q 2022). Revenue: kr228.2m (down 7.7% from 3Q 2022). Net loss: kr17.5m (down 437% from profit in 3Q 2022). New Risk • Oct 09
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: €9.39m (US$9.93m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.2x net interest cover). Share price has been highly volatile over the past 3 months (70% average weekly change). Earnings have declined by 88% per year over the past 5 years. Market cap is less than US$10m (€9.39m market cap, or US$9.93m). Buying Opportunity • Aug 18
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 11%. The fair value is estimated to be €0.11, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 16% over the last year. Meanwhile, the company became loss making. Buying Opportunity • Jul 07
Now 32% undervalued after recent price drop Over the last 90 days, the stock is down 59%. The fair value is estimated to be €0.038, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 16% over the last year. Meanwhile, the company became loss making. Buying Opportunity • Jun 12
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 27%. The fair value is estimated to be €0.12, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 16% over the last year. Meanwhile, the company became loss making. Reported Earnings • Apr 28
First quarter 2023 earnings released: EPS: kr0.038 (vs kr0.062 in 1Q 2022) First quarter 2023 results: EPS: kr0.038 (down from kr0.062 in 1Q 2022). Revenue: kr260.3m (down 9.5% from 1Q 2022). Net income: kr5.60m (down 37% from 1Q 2022). Profit margin: 2.2% (down from 3.1% in 1Q 2022). The decrease in margin was driven by lower revenue. Reported Earnings • Feb 16
Full year 2022 earnings released: kr0.15 loss per share (vs kr0.40 profit in FY 2021) Full year 2022 results: kr0.15 loss per share (down from kr0.40 profit in FY 2021). Revenue: kr964.9m (down 21% from FY 2021). Net loss: kr22.3m (down 139% from profit in FY 2021). Duyuru • Jan 18
Desenio Group AB (Publ) Announces Resignation of Kristian Lustin as CFO Desenio Group AB's CFO Kristian Lustin will leave his position as CFO during the spring of 2023. Kristian will remain in his role until a replacement is hired, but at the latest until the end of May 2023. The recruitment process for a new CFO begins immediately. Duyuru • Dec 08
Desenio Group AB (publ) Appoints Mårten Forste as Chief Commercial Officer Mårten Forste has been appointed as Chief Commercial Officer for Desenio Group. Mårten, who has long and broad experience from online marketing, will be part of Desenio's Group management. Mårten has previously, among other things, been both chairman and COO at Leovegas Mobile Gaming Group, country manager at gaming company Expekt and COO at Meetic/Match.com Europe. Duyuru • Dec 02
Desenio Group AB (publ) Announces Changes in the Nomination Committee Desenio Group AB (publ) announced Changes in the nomination committee ahead of the 2023 AGM. The composition of the nomination committee in Desenio Group AB ahead of the 2023 annual general meeting was announced in a press release on October 6, 2022. MBHB Holding has chosen to replace Martin Blomqvist with Thomas Blomqvist as the representative for Desenio's second largest owner, MBHB Holding. The nomination committee consists of the following people after the change: Jacob Wiström appointed by Verdane Capital (Chairman) Thomas Blomqvist appointed by MBHB Holding Alexander Hars, as the third largest owner through Hars Holding and chairman of Desenio Group's board. Board Change • Nov 16
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 6 new directors. 1 experienced director. No highly experienced directors. 1 independent director (6 non-independent directors). Director Max Carlsen is the most experienced director on the board, commencing their role in 2018. Independent Director Sarah Kauss was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Reported Earnings • Oct 27
Third quarter 2022 earnings released: EPS: kr0.015 (vs kr0.002 loss in 3Q 2021) Third quarter 2022 results: EPS: kr0.015 (up from kr0.002 loss in 3Q 2021). Revenue: kr212.3m (down 11% from 3Q 2021). Net income: kr2.20m (up kr2.50m from 3Q 2021). Profit margin: 1.0% (up from net loss in 3Q 2021). The move to profitability was driven by lower expenses. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Online Retail industry in Germany. Reported Earnings • Jul 15
Second quarter 2022 earnings released: kr0.29 loss per share (vs kr0.019 profit in 2Q 2021) Second quarter 2022 results: kr0.29 loss per share (down from kr0.019 profit in 2Q 2021). Revenue: kr182.9m (down 31% from 2Q 2021). Net loss: kr41.7m (down kr44.4m from profit in 2Q 2021). Over the next year, revenue is forecast to grow 1.7%, compared to a 34% growth forecast for the industry in Germany. Recent Insider Transactions • May 05
Chairman of the Board recently bought €139k worth of stock On the 29th of April, Alexander Hars bought around 250k shares on-market at roughly €0.56 per share. This was the largest purchase by an insider in the last 3 months. Alexander has been a buyer over the last 12 months, purchasing a net total of €630k worth in shares. Reported Earnings • Apr 27
Full year 2021 earnings released: EPS: kr0.40 (vs kr1.28 in FY 2020) Full year 2021 results: EPS: kr0.40 (down from kr1.28 in FY 2020). Revenue: kr1.23b (up 25% from FY 2020). Net income: kr57.2m (down 68% from FY 2020). Profit margin: 4.7% (down from 18% in FY 2020). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 9.6%, compared to a 39% growth forecast for the retail industry in Germany. Board Change • Apr 27
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 6 new directors. 1 experienced director. No highly experienced directors. 1 independent director (6 non-independent directors). Director Max Carlsen is the most experienced director on the board, commencing their role in 2018. Independent Director Sarah Kauss was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Reported Earnings • Feb 17
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: kr0.40 (down from kr0.84 in FY 2020). Revenue: kr1.23b (up 25% from FY 2020). Net income: kr57.2m (down 51% from FY 2020). Profit margin: 4.7% (down from 12% in FY 2020). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 9.6%, compared to a 45% growth forecast for the retail industry in Germany. Duyuru • Feb 16
Desenio Group AB (publ), Annual General Meeting, May 12, 2022 Desenio Group AB (publ), Annual General Meeting, May 12, 2022. Valuation Update With 7 Day Price Move • Feb 09
Investor sentiment deteriorated over the past week After last week's 17% share price decline to €1.37, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 18x in the Online Retail industry in Europe. Buying Opportunity • Jan 22
Now 23% undervalued after recent price drop Over the last 90 days, the stock is down 29%. The fair value is estimated to be kr2.15, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 41% over the last year. Earnings per share has declined by 55% over the last year. Valuation Update With 7 Day Price Move • Jan 21
Investor sentiment deteriorated over the past week After last week's 19% share price decline to €1.81, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 18x in the Online Retail industry in Europe. Recent Insider Transactions • Nov 24
Chief Executive Officer recently bought €1.1m worth of stock On the 19th of November, Fredrik Palm bought around 500k shares on-market at roughly €2.12 per share. This was the largest purchase by an insider in the last 3 months. Fredrik has been a buyer over the last 12 months, purchasing a net total of €1.5m worth in shares. Valuation Update With 7 Day Price Move • Nov 16
Investor sentiment improved over the past week After last week's 18% share price gain to €2.04, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 25x in the Online Retail industry in Germany. Reported Earnings • Oct 28
Third quarter 2021 earnings released: kr0.002 loss per share (vs kr0.26 profit in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and control over costs. Third quarter 2021 results: Revenue: kr239.5m (down 30% from 3Q 2020). Net loss: kr300.0k (down 101% from profit in 3Q 2020). Valuation Update With 7 Day Price Move • Oct 01
Investor sentiment deteriorated over the past week After last week's 16% share price decline to €2.85, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 35x in the Online Retail industry in Germany. Recent Insider Transactions • Aug 22
Director recently bought €259k worth of stock On the 18th of August, Jakob Tolleryd bought around 55k shares on-market at roughly €4.71 per share. In the last 3 months, there was an even bigger purchase from another insider worth €491k. Insiders have collectively bought €1.3m more in shares than they have sold in the last 12 months. Reported Earnings • Aug 21
Second quarter 2021 earnings released: EPS kr0.019 (vs kr0.17 in 2Q 2020) The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: kr266.2m (up 28% from 2Q 2020). Net income: kr2.80m (down 88% from 2Q 2020). Profit margin: 1.1% (down from 12% in 2Q 2020). The decrease in margin was driven by higher expenses. Recent Insider Transactions • Jul 15
Chairman of the Board recently bought €491k worth of stock On the 9th of July, Alexander Hars bought around 110k shares on-market at roughly €4.46 per share. This was the largest purchase by an insider in the last 3 months. This was Alexander's only on-market trade for the last 12 months. Valuation Update With 7 Day Price Move • Jul 09
Investor sentiment deteriorated over the past week After last week's 48% share price decline to kr4.36, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 50x in the Online Retail industry in Germany. Reported Earnings • May 05
First quarter 2021 earnings released The company reported a solid first quarter result with improved earnings and revenues, although profit margins were weaker. First quarter 2021 results: Revenue: kr402.1m (up 93% from 1Q 2020). Net income: kr39.7m (up 66% from 1Q 2020). Profit margin: 9.9% (down from 12% in 1Q 2020). The decrease in margin was driven by higher expenses.