CEO COMMENTS
JULY - SEPTEMBER THE FUTURE
Our third quarter was strong in terms of sales with a growth of
17 % (9 % excluding currency). This despite the fact that the
summer was extremely hot which meant that for the first time,
there was a decrease in terms of visitors, sales and result in Kosta.
We are convinced that this was due to the extreme heat as the
number of visitors increased again during the autumn season.
Gifts & Home Furnishings therefore decreased 5 % during the
quarter, while Sports & Leisure grew 15 % and Corporate Promo
by as much as 25 %. We will continue our expansion in the next and future years.
Craft’s sale orders for spring 2019 increased by over 30 % . We are
continually contracting new clubs and teams as well as gaining
new customers to Craft every day and on many markets. The
Corporate Promo segment has had a stunning growth of 15 % in
the first 9 months and we see no reason why it shouldn’t continue
to grow. We have invested strongly in recent years and are well
equipped. I am convinced that we have a bright future ahead of
us. This applies to growth in both sales and profit – although
individual quarters with lower results could occur even in the
future.
The operating result declined by SEK 25.5 million and the result
for the period by SEK 16.9 million. We are currently in a phase
with big investments in sales and marketing as well as investments
in infrastructure to enable continued growth, which might lead to
lower result in some quarters.
Torsten Jansson. CEO
The foundation for our long term success is growth and it is
gratifying that this is the 17th consecutive quarter with sales
growth.
JANUARY - SEPTEMBER
Sales for the nine months increased by 10 % to
SEK 4,347.2 million, of which growth in local currencies was
7 %. On the rolling full year we reached SEK 5,977.5 million,
which means that we will surpass the next milestone, i.e. a turnover
of SEK 6 billion for the full year. Operating result decreased by
SEK 23.2 million to SEK 273.4 million and the result for the
period declined by SEK 6.1 million to SEK 201.1 million. In
view of our sales growth and expansion, the cash flow is under
control and cash flow from operating activities amounted to SEK
48.2 million. This gives us a continued strong balance sheet, which
is a priority and important for our future expansion.
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