Net sales during the quarter fell to 590.1 million, from 624.3 million a year earlier.
The result is weighed down by write-downs on goodwill and inventory totaling 317 million kronor.
"In connection with the range review, we have chosen to make a larger one-time write-down of inventory of approximately 74 million kronor. This write-down has no cash flow effect and concerns older goods or goods that will no longer be included in our range. We are also in the process of renegotiating all our supplier agreements," writes CEO Sandra Gadd in a comment in the report.
