Swedish style model Odd Molly reviews Q2 income of SEK 79 mn

Odd Molly Worldwide, a Swedish designer and vendor of style and different life-style merchandise, posted a 110 per cent income leap to SEK 79.1 million within the second quarter (Q2) of FY21 ended on June 30, 2021, in opposition to SEK 37.7 million in the identical interval of 2020. Revenues from the style enterprise considerably rose to SEK 60.2 million (SEK 35.0 million).

 

“The corporate has centered its core enterprise on proudly owning and handle properties for warehousing, logistics and lightweight business. The style enterprise carried out within the subsidiary Odd Molly Sverige AB since January 1, 2021, comprising the sturdy manufacturers Odd Molly, Hunkydory and Used By, have additionally been offered to WRSD (We aRe SpinDye) as of July 1, 2021,” Jennie Högstedt Björk, CEO at Odd Molly, mentioned in a press launch.

 

“The collaboration with the digital style firm Zalando, which was began throughout spring has additionally proved profitable. In whole, the gross sales through digital channels contributed 85 per cent to the whole gross sales within the first half 2021,” Björk added.

 

The corporate’s working revenue amounted to SEK 4.7 million (loss: SEK 9.3 million), whereas gross revenue margin for the three-month interval was 72.9 per cent (62.2 per cent).

Fibre2Fashion Information Desk (JL)

Odd Molly Worldwide, a Swedish designer and vendor of style and different life-style merchandise, posted a 110 per cent income leap to SEK 79.1 million within the second quarter (Q2) of FY21 ended on June 30, 2021, in opposition to SEK 37.7 million in the identical interval of 2020. Revenues from the style enterprise considerably rose SEK to 60.2 million (SEK 35.0 million).

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