Jul 18, 2024 / 08:00AM GMT
Olle Svensk - Embellence Group AB(publ)-Chief Executive Officer
Yes. Welcome to the presentation of Embellence Group's Q2 report for 2024. My name is Olle Svensk. And with me today, I have Karin Lidén, our CFO. But let's get into the quarter.
Looking at the highlights for the period, we delivered a strong second quarter with sales growth of 13%-plus, and of that 12% was organic growth. And we delivered an EBITDA that grew from 8.9% to 13%. One should, of course, remember that this is versus a weak Q2 of last year. But it also means that on a market that is still soft, we are gaining market share. When we look at peers in the industry, we are actually performing better.
Then I also want to mention that on May 21, we held our first Capital Markets Day, where we presented an updated brand-focused strategy and long-term financial targets.
Moving on to our segments. Well, brands grew with 5%, and it was Boråstapeter, Artscape that stood out and delivered solid growth. Cole & Son is experiencing a sluggish consumer demand in its home market,
Q2 2024 Embellence Group AB (publ) Earnings Call Transcript
Jul 18, 2024
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