Odd Molly International, a Swedish designer and seller of fashion and other lifestyle products, posted a 110 per cent revenue jump to SEK 79.1 million in the second quarter (Q2) of FY21 ended on June 30, 2021, against SEK 37.7 million in the same period of 2020. Revenues from the fashion business significantly rose to SEK 60.2 million (SEK 35.0 million).
Odd Molly International, a Swedish designer and seller of fashion and other lifestyle products, posted a 110 per cent revenue jump to SEK 79.1 million in the second quarter (Q2) of FY21 ended on June 30, 2021, against SEK 37.7 million in the same period of 2020. Revenues from the fashion business significantly rose SEK to 60.2 million (SEK 35.0 million).#
“The company has focused its core business on owning and manage properties for warehousing, logistics and light industry. The fashion business conducted in the subsidiary Odd Molly Sverige AB since January 1, 2021, comprising the strong brands Odd Molly, Hunkydory and Used By, have also been sold to WRSD (We aRe SpinDye) as of July 1, 2021,” Jennie Högstedt Björk, CEO at Odd Molly, said in a press release.
Odd Molly International, a Swedish designer and seller of fashion and other lifestyle products, posted a 110 per cent revenue jump to SEK 79.1 million in the second quarter (Q2) of FY21 ended on June 30, 2021, against SEK 37.7 million in the same period of 2020. Revenues from the fashion business significantly rose SEK to 60.2 million (SEK 35.0 million).#
“The collaboration with the digital fashion company Zalando, which was started during spring has also proved successful. In total, the sales via digital channels contributed 85 per cent to the total sales in the first half 2021,” Björk added.
Odd Molly International, a Swedish designer and seller of fashion and other lifestyle products, posted a 110 per cent revenue jump to SEK 79.1 million in the second quarter (Q2) of FY21 ended on June 30, 2021, against SEK 37.7 million in the same period of 2020. Revenues from the fashion business significantly rose SEK to 60.2 million (SEK 35.0 million).#
The company’s operating profit amounted to SEK 4.7 million (loss: SEK 9.3 million), while gross profit margin for the three-month period was 72.9 per cent (62.2 per cent).
Fibre2Fashion News Desk (JL)
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