Odd Molly Worldwide, a Swedish designer and vendor of vogue and different life-style merchandise, reported 9 per cent income progress to SEK 73.2 million in its first quarter (Q1) FY21 ended on March 31, 2021, in comparison with SEK 67.0 million in the identical interval earlier fiscal. The corporate’s working revenue was SEK 3.0 million (Q1 FY20: SEK 5.9 million).
Revenues from the corporate’s vogue enterprise for Q1 FY21 was SEK 57.0 million (SEK 64.5 million).
“After a interval of intense exercise inside the firm the place our vogue and actual property enterprise developed facet by facet, we’ll take the step absolutely to divide the 2 companies into totally different authorized entities to create the absolute best situations for additional improvement. The style enterprise has underneath them over the previous two years has undergone intensive restructuring work with important value financial savings whereas making investments in digital gross sales channels,” Jennie Högstedt Björk, CEO at Odd Molly, stated in a press launch.
Gross revenue margin for the three-month interval stood at 59.7 per cent (52.3 per cent), whereas working revenue was SEK 3.0 million (loss: SEK 5.9 million). Odd Molly’s loss after tax for Q1 FY21