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The latest announcement is out from Nelly Group AB ( (SE:NELLY) ).
Nelly Group AB reported first-quarter 2026 net revenue of SEK 243.3 million, a slight 1.8% decline year-on-year, but improved gross profit and margin at SEK 134.5 million and 55.3%, respectively. Operating profit fell to SEK 8.0 million with a lower margin of 3.3%, profit after tax dropped to SEK 5.1 million, and weaker cash flow from operations contrasted with a solid cash position and unused credit facilities, while the company also announced a CFO change during the quarter.
The appointment of new CFO Josefin Dalum, replacing outgoing CFO Niklas Lingblom in March, signals a key leadership transition at a time when Nelly is balancing margin improvement against softer topline growth and pressured operating earnings. With no material events after the quarter-end and ample liquidity, the group appears focused on stabilising performance and navigating a challenging retail environment while maintaining financial flexibility.
More about Nelly Group AB
Nelly Group AB is an online fashion retailer focused on selling clothing and related products, primarily targeting young consumers in its core Nordic markets. The company operates a digital-first business model, leveraging e-commerce platforms to distribute a broad assortment of fashion items while managing margins and cash flow in a competitive retail landscape.
Average Trading Volume: 237,764
Technical Sentiment Signal: Hold
Current Market Cap: SEK2B
See more insights into NELLY stock on TipRanks’ Stock Analysis page.