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Odd Molly posts Q3 FY20 revenue of SEK 164 mn
28 Oct '20
1 min read
Pic: Odd Molly
Odd Molly International, a designer and seller of fashion and other lifestyle products, reported 27 per cent revenue decline to SEK 164.0 million after the end of its third quarter (Q3) FY20 ended on September 30, compared to SEK 225.5 million in the same period last year. However, company’s operating loss improved to SEK 1.4 million (SEK 44.7 million).
Gross profit margin for the nine months period increased to 53.1 per cent (49.1 per cent). Loss after tax for the period was SEK 11.4 million (SEK 47.4 million).
In the second half of August, the Hunkydory brand was relaunched, which is the first to be developed since Odd Molly licensed the brand in autumn 2019, as company stated in a press release.
Fibre2Fashion News Desk (JL)
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