"Profitability was lower than expected," Swedencare states in a press release.
The company cites higher marketing costs on Amazon, operational disruptions and increased marketing investments and inventory write-downs.
Net sales increased to SEK 682 million, corresponding to 11 percent organic growth.
"Swedencare should consistently deliver double-digit growth combined with strong profitability, which leaves me disappointed with the quarter's outcome," writes CEO Håkan Lagerberg in a comment.
What do you think?