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DistIT Q3: Weaker consumer weighs on sales - SEB

DistIT reported Q2 sales of SEK 622m (-3.4% vs SEBe SEK 643m). EBIT was SEK 4.8m vs SEBe at SEK 14.3m (adj. EBIT margin 0.8%, -1.5pp vs SEBe 2.2 %), related to a weaker margin for Aurdel. Aurdel was negatively affected by a mix of weak consumer demand, inflation and the termination of a contract in which Aurdel distributed an external brand of batteries that they have not been able to fully replace with its own brands and other external brands.

DistIT reported Q2 sales of SEK 622m (-3.4% vs SEBe SEK 643m). EBIT was SEK 4.8m vs SEBe at SEK 14.3m (adj. EBIT margin 0.8%, -1.5pp vs SEBe 2.2 %), related to a weaker margin for Aurdel. Aurdel was negatively affected by a mix of weak consumer demand, inflation and the termination of a contract in which Aurdel distributed an external brand of batteries that they have not been able to fully replace with its own brands and other external brands.
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