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Business Summary: Elon AB (publ) is a Sweden-based retail chain for home electronics. The Company develops store concepts, technical solutions, logistics, customer service, as well as purchasing, marketing and building brands. The Company's business activities are divided into three business segments: Business to Consumer (B2C), Elon Business and Logistics & Services. Within the B2C segment, individual customers are served via the online platform and the Nordic store network. Elon Businesses offering is dedicated for professional actors in construction, real estate, logistics and e-commerce. Within this segment, the Company divides the business into two areas; Construction & Property and Wholesale & Distribution. Within Logistics & Services the Company delivers services as a third-party supplier with logistics solutions for companies, that include warehousing, logistics, Website, repackaging, bundling, shipping agreements and payment solutions. The Company operates in Sweden and Norway.
Financial Summary: BRIEF: For the nine months ended 30 September 2024, Elon AB (publ) revenues decreased 4% to SEK3.31B. Net loss applicable to common stockholders decreased 71% to SEK16.6M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Lower net loss reflects Other Operating Expense decrease from SEK14.9M (expense) to SEK0K, Personnel costs decrease of 2% to SEK154.9M (expense).