Net sales during Apr-May amounted to SEK 132m (205m) Operating result Apr-May amounted to -13m (21m) Cost savings of SEK 32m p.a. to be seen from Q4’22
Soft Q1 vs. our expectations, but the demand is present Net leverage ratio might have peaked for now Bonds in the low 70s at close to 2,000bps is attractive
We are disappointed, but Q4 above market expectations Weakness not specific to Desenio – it’s the market Material estimates revisions driven by the new reality