At SEB’s Nordic Seminar, CEO Kristina Lukes and CFO John Afzelius focused on the underlying potential from the ongoing repositioning of the Nelly brand, targeting younger women (15-25 years) and adding everyday fashion to complement its leading position in occasional wear. Walking through the P&L, line by line, pointing to strategic decisions made last year, we see several margin levers in the years ahead. We reiterate our midpoint value of SEK 55.
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