Ellos Holding AB (publ) today published its half-year report for January to June 2025, highlighting profitable growth and improved cash flow following the formation of Ellos Group on 15 October 2024. The report does not include comparative figures for the same periods in 2024.
© Ellos Group
For the second quarter (1 April – 30 June 2025), Ellos Group achieved net sales of SEK 800.9 million, with a gross profit of SEK 354.7 million and a gross margin of 44.3%. Adjusted EBITA amounted to SEK 41.7 million, representing an EBITA margin of 5.2%, while operating profit reached SEK 24.1 million (margin 3.0%). Cash flow from operating activities for the quarter amounted to SEK 62.1 million.
For the first half of 2025 (1 January – 30 June 2025), the group reported net sales of SEK 1,602.5 million, with a gross profit of SEK 685.2 million and a gross margin of 42.8%. Adjusted EBITA reached SEK 73.9 million (margin 4.6%) and operating profit totalled SEK 38.5 million (margin 2.4%). Cash flow from operating activities was SEK -1.5 million, while inventories stood at SEK 732.8 million at the end of the period.
Hans Ohlsson, CEO of Ellos Holding AB (publ), said:
"Ellos Group strong momentum continued during the second quarter. Net sales totalled SEK 800 million, corresponding to year-on-year organic growth of 4 per cent. Adjusted EBITA amounted to SEK 42 million for the period, representing a margin of 5 per cent. Notably, our cash flow continues to increase significantly. This powerful performance is evident for the quarter as well as the first six months of the year."
Ohlsson added:
"With our positive momentum we are delivering a first half-year of growth as well as increased profitability. It is particularly gratifying that all of our e-commerce sites are contributing to this growth. Net sales during the first half-year amounted to SEK 1,603 million, an increase of 3 per cent over the comparative period. Adjusted EBITA for the period was SEK 74 million, compared with SEK 70 million for the comparative period, corresponding to an EBITA margin of 5 per cent."
He highlighted the company's strategic focus:
"Our private labels account for around two-thirds of sales. Our focus on underwear and swimwear produced very positive results. During the spring we successfully developed our internal brand, Joelle, which now offers a strong, wide-ranging collection that has driven both sales and margins."
Ellos Group continues to see strong performance across fashion and home furnishings, with European expansion under its Jotex brand.
Ohlsson noted:
"Growth during the first half-year happened in our own as well as external trading platforms throughout Europe, confirming that our offer is relevant and in demand for customers and partners."
The company operates in the Nordic region and selected European markets, with a workforce of around 500 employees and total sales of approximately SEK 3.3 billion.
More information:
Ellos Group
www.ellosgroup.com
