Home / Knowledge / News / Apparel/Garments / CDON Group Q1 net sales climb 10%
CDON Group Q1 net sales climb 10%
25
Apr '14
CDON Group AB announces interim report for 1 January – 31 March 2014. First Quarter Net sales were up 10%, amounting to SEK 1,133.2 million. Previous year sales totalled SEK 1,032.4 million excluding divested operations and SEK 1,051.1 million including divested operations. Gross margin of 14.9% compared with 14.1% previous year, excluding divested operations.
 
Operating profit amounted to SEK 0.1 million. Previous year operating profit was SEK -4.2 million excluding divested operations and SEK -7.8 million including divested operations. Net income totalled SEK -4.2 (-17.3) million. Basic earnings per share of SEK -0.04 (-0.21) and Cash flow from operations improved by SEK 159.4 million and amounted to SEK -167.7 (-327.1) million
 
CEO statement
Paul Fischbein, President and CEO, commented: “CDON Group has seen a promising start to 2014; we are delivering a growth of 10 percent, a positive operating profit in this seasonally weak first quarter and an improvement in cash flow of almost SEK 159 million year-on-year. Sports & Health continues to display a high growth rate at 30 percent, as well as stable margins. Home & Garden enjoyed strong sales during the quarter, with an increase of 26 percent.
 
The transformation of CDON.com into a leading online department store is continuing. Sales volumes for CDON.com Marketplace displayed good growth in the first quarter, and CDON.com’s operating profit, which is included in the Entertainment segment, was slightly above break-even.
 
Within Nelly.com, the previous quarter’s launch in France was followed up by launches in Belgium and Poland (after the end of the interim reporting period). NLYman.com, an online boutique devoted exclusively to the fashion-conscious man, was also launched.
 
After the first quarter we disclosed a pilot test of an in-house payment solution for two of the Group’s Swedish sites. Testing will start in the coming months. We see the pilot test as an important step to further improve the shopping experience while CDON Group can a take a greater responsibility for the value chain.
 
All in all, CDON Group is in a good position to be able to gradually increase investments in 2014 to fuel growth, mainly within the Fashion and Sports & Health segments.”
 

CDON Group AB

Must ReadView All

President Donald Trump; Courtesy: White House

Textiles | On 24th Jan 2017

US sets ball rolling for withdrawal from TPP

President Donald Trump has set the ball rolling for withdrawal of the ...

Courtesy: NEJ

Apparel/Garments | On 24th Jan 2017

NEJ fully acquires Bills Khakis from Source Capital

Provider of reverse logistic excess inventory solutions for specialty ...

President Donald Trump; Courtesy: White House

Textiles | On 23rd Jan 2017

US textile industry eager to work with President Trump

The US textile industry is eager to work with President Donald Trump...

Interviews View All

Sanjay Desai & Ashish Mulani
True Colors

Digital textile printing will be the technology of the future

Victor Chao
Esmetex

‘In future, clothing boundary lines will become increasingly blurred.’

Divyesh Mashruwala
Akshar Industries

Surat dominates foiling, embossing and pleating

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
January 2017

January 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search