Åhléns posts another quarterly loss as sales dip to just under SEK 1.1 billion

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Åhléns posts another quarterly loss as sales dip to just under SEK 1.1 billion
Photo: Mickan Mörk/TT

This compares with a loss of SEK 127 million in the corresponding quarter a year earlier.

For the full financial year, there was a loss of SEK 89 million.

Net sales in the quarter stood at just under SEK 1.1 billion. Cash flow from operations was minus SEK 68.9 million.

CEO Ayad Al-Saffar explains the headwinds with "restrained consumers, fierce competition and an environment characterised by increased geopolitical uncertainty."

"Against this background, we continue to implement necessary improvements to create the conditions for a sustainably profitable operation for Åhléns Group," he writes in the financial statements.

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By TT News AgencyEnglish edition by Sweden Herald, adapted for our readers

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