Good end of 2015 for Electra Group – but decreasing profit

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The Swedish Electra Group, which recently expanded its commitment in Norway and Denmark, declined both in sales and earnings in 2015.
At the same time it gains market shares mainly via the Audio Video chain.

Turnover fell by four million to 1700 million SEK and profit fell by eight million to 37.1 million SEK in 2015.

One of the reasons is the hard work to replace the lost customer Hi3G and 3 stores.

Retail area supplying Audio Video, Ring Up, Digitalbutikerna, The image and the Euronics network shows a more positive development.

Sales in the last quarter accounted for SEK 559.2 million (554.1).

For market.se, CEO Anneli Sjöstedt says turnover in retail in Sweden increased, mainly through a very strong fourth quarter in the Audio Video stores and smartphone sales.