Odd Molly operating revenue decreases 22% in FY19

Fashion

19 Feb `20

3 min read

Odd Molly International, a Swedish company that designs and sells fashion and other lifestyle products for girls, posted 33 per cent decrease in operating revenue to SEK 43.9 million in fourth quarter (Q4) FY19, compared to same period prior year. For complete FY19, operating revenue fell 22 per cent to SEK 269.4 million compared to SEK 346.9 in FY18.

Odd Molly International, a Swedish company that designs and sells fashion and other lifestyle products for girls, posted 33 per cent decrease in operating revenue to SEK 43.9 million in fourth quarter (Q4) FY19, compared to same period prior year. For complete FY19, operating revenue fell 22 per cent to SEK 269.4 million compared to SEK 346.9 in FY18.#

The gross profit margin in the quarter that ended on December 31, 2019, was 33.4 per cent, reportedly affected by a more conservative valuation of remaining quantities of older merchandise in inventory.

Odd Molly International, a Swedish company that designs and sells fashion and other lifestyle products for girls, posted 33 per cent decrease in operating revenue to SEK 43.9 million in fourth quarter (Q4) FY19, compared to same period prior year. For complete FY19, operating revenue fell 22 per cent to SEK 269.4 million compared to SEK 346.9 in FY18.#

The gross profit margin in FY19 was 46.5 per cent.

Odd Molly International, a Swedish company that designs and sells fashion and other lifestyle products for girls, posted 33 per cent decrease in operating revenue to SEK 43.9 million in fourth quarter (Q4) FY19, compared to same period prior year. For complete FY19, operating revenue fell 22 per cent to SEK 269.4 million compared to SEK 346.9 in FY18.#

The company's retail operations in Q4 decreased 35 per cent to SEK 24.3 million, reportedly affected by store closures, and also lower customer traffic and a lower degree of promotions and campaigns compared with the same period in 2018. Revenue from wholesale operations decreased 34 per cent year-over-year and in the fourth quarter amounted to SEK 19.0 million. The licensing segment generated revenue of SEK 0.3 million in the quarter. The recently acquired real estate company generated revenue of SEK 0.4 million since the acquisition closed on December 19.

Odd Molly International, a Swedish company that designs and sells fashion and other lifestyle products for girls, posted 33 per cent decrease in operating revenue to SEK 43.9 million in fourth quarter (Q4) FY19, compared to same period prior year. For complete FY19, operating revenue fell 22 per cent to SEK 269.4 million compared to SEK 346.9 in FY18.#

Total operating revenue during the year amounted to SEK 269.4 million, a decrease of 22 per cent compared with the previous year. The company's retail operations decreased 20 per cent to SEK 160.9 million, reportedly due to store closures that were completed according to plan. Revenue from wholesale operations decreased 28 per cent to SEK 105.1 million. The licensing segment generated revenue of SEK 3.0 million during the year. The recently acquired real estate company generated revenue of SEK 0.4 million since the acquisition closed on December 19.

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