Press release - 22 October 2021 07:51

Path towards profitability continues - Hövding Quarterly Report July - September 2021

With continued improvement of the gross margin that was up 11 percentage points compared tolast year and 5 percentage points compared to the second quarter this year, we are well on par with our roadmap towards profitability. The gross margin improvements ripple down to the EBITDA that improved to -2% (-959 TSEK) from -15% (-6 689 TSEK) for the third quarter. The gross margin improvement is related to the adjustment of the retail price that now is fully implemented, as well as an improved cost base. While logistics, and the cost of it, continues to be challenging it has not consumed the positive improvements in this quarter.

Read the report here.

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