STOCKHOLM, SWEDEN / ACCESSWIRE / August 25, 2022 / STRAX (STO:STRAX)(FRA:NOBC)
STRAX is steering moderately nicely via exterior headwinds
The Group’s gross sales for the interval January 1 – June 30, 2022, amounted to MEUR 63.8 (54.8) with a gross margin of 17.7 (19.0) p.c.
The Group’s end result for the interval January 1 – June 30, 2022, amounted to MEUR -2.0 (-2.7) akin to EUR -0.02 (-0.02) per share.
EBITDA for the interval January 1 – June 30, 2022, amounted to MEUR 2.4 (1.6).
Fairness as of June 30, 2022, amounted to MEUR 10.5 (16.2) akin to EUR 0.09 (0.13) per share.
Covid-19 continued to have destructive impression on gross sales of personal cell equipment and private audio merchandise, while rising gross sales of decrease margin well being merchandise. This unfavourable model and product combine coupled with numerous international provide chain disruptions has induced a drop in gross margin for the interval.
STRAX entered a partnership with a German private protecting gear specialist firm to ship Covid-19 checks to a regional authorities physique in Germany.
STRAX prolonged its partnership with the German private protecting gear specialist firm to ship Covid-19 checks to a different regional authorities physique in Germany. The full worth of the contract has elevated and shall be overlaying a 24-month interval, the place whole volumes are anticipated to be greater with decrease volumes in Q2.
AirPop, the premium excessive efficiency face masks model STRAX holds a five-year international unique distribution settlement for, not too long ago secured key retail channels in the US, Canada, and Australia.
CLCKR, the cell phone accent model, wholly owned by STRAX introduced that their vary of cell stand and grip equipment are actually accessible in over 10,000 shops within the US.
Important occasions after the tip of the interval
STRAX subsidiary Urbanista, the Swedish life-style audio model, introduced the launch of Urbanista Phoenix – the world’s first true wi-fi, lively noise cancelling earphones powered by mild.
“The second quarter of 2022 was to some extent enterprise as typical when trying again on the previous couple of years. Difficult exterior surroundings stemming from numerous components, resembling provide chain constraints, shift in demand, strengthening of the US greenback and Covid-19 looming over us. All of those prolonging the uncertainty and creating an surroundings the place change is considerably the one fixed. STRAX was however capable of steer via the headwinds and we delivered affordable leads to the quarter”.
Gudmundur Palmason, CEO
For additional data please contact:
Gudmundur Palmason
CEO, STRAX AB, +46 8 545 017 50
About STRAX
STRAX is a world chief in equipment that empower cell existence. Our portfolio of branded equipment covers all main cell accent classes: Safety, Energy, Connectivity, in addition to Private Audio. Our new Well being & Wellness class affords branded Private Safety merchandise. Our distribution enterprise reaches a broad buyer base, via 70 000 brick and mortar shops across the globe, in addition to via on-line marketplaces and direct-to-consumers.
Wholly owned manufacturers embrace Urbanista, Clckr, RichmondFinch, Planet Buddies, xqisit, AVO+, Dóttir and grell, and licensed manufacturers embrace adidas and Diesel. Our distribution enterprise additionally companies over 40 different main cell accent manufacturers.
Based as a buying and selling firm in 1995, STRAX has since expanded worldwide and advanced into a world model and distribution enterprise. Right this moment now we have over 200 staff in 13 nations. STRAX is listed on the Nasdaq Stockholm inventory change.
This data is data that STRAX is obliged to make public pursuant to the EU Market Abuse Regulation and the Securities Markets Act. The data was submitted for publication, via the company of the contact individuals set out above, at 2022-08-25 08:55 CEST.
Attachments
Q2 2022
SOURCE: STRAX