Datum Källa Rubrik Typ Alternativ
2022-05-19 Lauritz.com Group A/S Lauritz.com Group A/S Annual General Meeting Pressreleaser Visa Stäng
2022-05-12 Lauritz.com Group A/S Lauritz.com Group A/S – Interim report January – March 2022 Pressreleaser Visa Stäng
Pressreleaser | 12 May 2022 | Lauritz.com Group

Lauritz.com Group A/S – Interim report January – March 2022

 

 

No. 4/2022

Copenhagen, 12 May 2022

 

In the first quarter of 2022 the business of Lauritz.com group delivered EBITDA slightly below Q1 2021. 

The earnings in Q1 are positively impacted by continued development towards higher yielding business, resulting in revenue almost in line with 2021 despite lower auction turnover.

 

Development in EBITDA

For the period January to March revenue is 0.7 percent below last year driven by lower auction turnover, and partly offset by improvement in fees and commissions. Operating cost has remained under control, with a 2.9 percent increase. 

EBITDA in Q1 2022 is DKK -1.0m (0.1m). The reduction is driven by the increased cost. 

Cash flow from operating activities is DKK -2.5m (5.4m). The change is mainly driven by changes in working capital items.

 

Future organization

To bring Lauritz.com to the next level as to turnover and earnings on shorter and longer terms, including expected roll out of new business areas, a future central management team has been defined. The new Country Manager Denmark and the new CTO onboarded during the first half of 2021 and a new CMO in February 2022.

 

Commercial initiatives

Our continued focus on sales management, business control and execution both internally in the headquarter and in all auction houses is showing results. 

The comprehensive optimization process that all auction houses have gone through in terms of logistics and handling of the auction supply chain, has released resources for intensified sales activities focusing on the local evaluation and sourcing of items for auction. 

In terms of marketing activities, we are continuously intensifying our digital foot print, showing positive effects and strengthening our position within international, national and local communities interested in selling and buying sustainable vintage items of high quality within art, design and collectables.

  

Financing

The group is funded by a bond. Currently the bond has an outstanding debt of SEK 155m and an interest rate of 4%. 

When the last part of the payment for the sold business is received in May 2022 (SEK 15m), a repayment of SEK 15m will be made, after which the remaining bond debt will be a standing loan of SEK 140m until maturity in December 2024.

 

Guidance for 2022

Our guidance for 2022 is: 

  • Growth in Auction Turnover of 0-10 percent
  • Growth in Revenue of 5-15 percent
  • EBITDA of DKK 3-8m.

  

Bengt Sundström, Chairman of the board

Mette Margrethe Rode Sundstrøm, CEO

Preben Vinkler Lindgaard, CFO

 

  

 

 

Highlights Q1 2022

 

January – March 2022
  • Revenue decline of 0.7 percent.
  • Auction Turnover decrease of 4.9 percent.
  • Number of knockdowns decrease of 15.4 percent.
  • Average Auction turnover price up by 12.4 percent.
  • Cost increase by 2.9 percent compared to last year.
  • EBITDA declined by DKK 1.1m to DKK -1.0m (+0.1m).

 

 

 

 

Lauritz.com Group A/S key figures
(continuing operations)

 

  January – March
000 DKK     2022 2021
Auction turnover     109,244 114,910
Number of Knockdowns     33,562 39,670
Average Auction turnover price, DKK     3,255 2,897
Revenue     32,214 32,435
EBITDA     -1,027 138
Auction Turnover Margin1     -0.9% 0.1%
Profit     -3,201 -960
Earnings per share, DKK     -0.078 -0.024
Cash flow from operating activities     -2.472 5.426

1 Auction Turnover Margin = EBITDA/Auction Turnover.

 

 

 

 

 

 

For press enquiries, please contact:

Mette Jessen

E-mail:  press@lauritz.com

 

 

 

For other enquiries, please contact:

Preben Vinkler Lindgaard

CFO

E-mail: Preben@lauritz.com

 

 

 

Certified Adviser: Erik Penser Bank AB

Telephone number: +46 8-463 83 00

E-mail: certifiedadviser@penser.se

 

Market place: Nasdaq First North Growth Market Stockholm

 

 

 

The information was submitted for publication through the agency of the contact person set out above, at 9.00am CEST on 12 May 2022.

Attachments


2022-05-03 Lauritz.com Group A/S Notice to convene Annual General Meeting in Lauritz.com Group A/S Pressreleaser Visa Stäng
2022-04-11 Lauritz.com Group A/S Correction to company announcement nr. 2 from 8 April 2022 Pressreleaser Visa Stäng
2022-04-08 Lauritz.com Group A/S Lauritz.com Group A/S publishes its annual report 2021 Pressreleaser Visa Stäng
2022-02-24 Lauritz.com Group A/S Lauritz.com Group A/S – Interim report January – December 2021 Pressreleaser Visa Stäng
2021-11-04 Lauritz.com Group A/S Lauritz.com Group A/S – Interim report January – September 2021 Pressreleaser Visa Stäng
2021-10-28 Lauritz.com Group A/S Lauritz.com Group A/S Extraordinary General Meeting Pressreleaser Visa Stäng
2021-10-13 Lauritz.com Group A/S Notice to convene extraordinary general meeting in Lauritz.com Group A/S Pressreleaser Visa Stäng
2021-08-26 Lauritz.com Group A/S Lauritz.com Group A/S – Interim report January – June 2021 Pressreleaser Visa Stäng
2021-06-25 Lauritz.com Group A/S Lauritz.com Group A/S - Annual General Meeting Pressreleaser Visa Stäng
2021-06-14 Lauritz.com Group A/S Annual General Meeting in Lauritz.com Group A/S Pressreleaser Visa Stäng
2021-06-14 Lauritz.com Group A/S Lauritz.com Group A/S publishes its annual report 2020 Pressreleaser Visa Stäng
2021-05-31 Lauritz.com Group A/S Lauritz.com Group A/S – Interim report January – March 2021 Pressreleaser Visa Stäng
2021-05-26 Lauritz.com Group A/S Lauritz.com Group A/S – Change in reporting calendar Pressreleaser Visa Stäng
2021-05-12 Lauritz.com Group A/S Lauritz.com Group A/S – Closing of Sale of Lauritz-com A/S' subsidiaries in Sweden, Germany and Finland and change in reporting calendar Pressreleaser Visa Stäng
2021-04-28 Lauritz.com Group A/S Lauritz.com Group A/S – Result of written procedure Pressreleaser Visa Stäng
2021-04-26 Lauritz.com Group A/S Lauritz.com Group A/S – Sale of Lauritz-com A/S' subsidiaries in Sweden, Germany and Finland Pressreleaser Visa Stäng
2021-04-16 Lauritz.com Group A/S Updated earnings guidance for 2021 Pressreleaser Visa Stäng
2021-04-09 Lauritz.com Group A/S Lauritz.com Group A/S – Correction to company announcement nr 4 regarding Bond Written Procedure and Potential sale Pressreleaser Visa Stäng
2021-04-08 Lauritz.com Group A/S Lauritz.com Group A/S – Bond Written Procedure and Potential sale Pressreleaser Visa Stäng
2021-02-25 Lauritz.com Group A/S Lauritz.com Group A/S interim report January – December 2020 Pressreleaser Visa Stäng
2021-02-01 Lauritz.com Group A/S New CEO at Lauritz.com Pressreleaser Visa Stäng
2021-01-22 Lauritz.com Group A/S Earnings guidance and update on M&A process Pressreleaser Visa Stäng
2020-12-30 Lauritz.com Group A/S Lauritz.com Group A/S - Change in CEO position Pressreleaser Visa Stäng
2020-10-29 Lauritz.com Group A/S Lauritz.com Group A/S interim report January – September 2020 Pressreleaser Visa Stäng
2020-08-20 Lauritz.com Group A/S Lauritz.com Group A/S interim report January – June 2020 Pressreleaser Visa Stäng
2020-08-17 Lauritz.com Group A/S Lauritz.com Group A/S – Guidance for 2020 Pressreleaser Visa Stäng
2020-05-27 Lauritz.com Group A/S Lauritz.com Group A/S – Correction to company announcement no. 8/2020 Pressreleaser Visa Stäng
2020-05-27 Lauritz.com Group A/S Lauritz.com Group A/S Annual General Meeting Pressreleaser Visa Stäng
2020-05-12 Lauritz.com Group A/S Annual General Meeting in Lauritz.com Group A/S Pressreleaser Visa Stäng
2020-05-07 Lauritz.com Group A/S Lauritz.com Group A/S interim report January – March 2020 Pressreleaser Visa Stäng
2020-05-07 Lauritz.com Group A/S Lauritz.com Group A/S publishes its annual report 2019 Pressreleaser Visa Stäng
2020-04-20 Lauritz.com Group A/S Lauritz.com Group A/S appoints M&A consultancy Pressreleaser Visa Stäng
2020-03-31 Lauritz.com Group A/S Lauritz.com Group A/S postpones the Annual General Meeting Pressreleaser Visa Stäng
2020-02-27 Lauritz.com Group A/S Lauritz.com Group A/S interim report January – December 2019 Pressreleaser Visa Stäng
2020-02-24 Lauritz.com Group A/S Result for 2019 and negotiations regarding financing structure Pressreleaser Visa Stäng
2020-01-04 Lauritz.com Group A/S Lauritz.com Group A/S - Negotiations on rolling out Lauritz.com in Asia including new financial structure Pressreleaser Visa Stäng
2019-12-17 Lauritz.com Group A/S Lauritz.com Group A/S – New financing arrangement being negotiated Pressreleaser Visa Stäng
2019-12-05 Lauritz.com Group A/S Lauritz.com Group A/S – Updated guidance for 2019 Pressreleaser Visa Stäng
2019-10-30 Lauritz.com Group A/S Lauritz.com Group A/S interim report January – September 2019 Pressreleaser Visa Stäng
2019-10-01 Lauritz.com Group A/S Changes in the management and organisation structure of Lauritz.com Pressreleaser Visa Stäng
2019-08-15 Lauritz.com Group A/S Lauritz.com Group A/S interim report January – June 2019 Pressreleaser Visa Stäng
2019-07-02 Lauritz.com Group A/S Lauritz.com Group A/S – Restructuring of Corporate bonds completed Pressreleaser Visa Stäng
2019-06-28 Lauritz.com Group A/S Lauritz.com Group A/S appoints its new CEO Pressreleaser Visa Stäng
2019-06-28 Lauritz.com Group A/S Lauritz.com Group A/S – Changes to bond terms approved Pressreleaser Visa Stäng
2019-06-10 Lauritz.com Group A/S Lauritz.com Group A/S – Restructuring of corporate bond, Written Procedure Pressreleaser Visa Stäng
2019-05-29 Lauritz.com Group A/S Lauritz.com Group A/S – Change to Board of Directors Pressreleaser Visa Stäng
2019-05-27 Lauritz.com Group A/S Lauritz.com Group A/S – Restructuring of corporate bond Pressreleaser Visa Stäng
2018-01-23 Lauritz.com Group A/S Lauritz.com Group A/S expect to publish financial interim report for Q4 2017 on 22 February 2018 at 9.00 am CET Rapporter Visa Stäng
2018-01-08 Lauritz.com Group A/S Lauritz.com changes the organisation to drive sales Pressreleaser Visa Stäng
2017-12-20 Lauritz.com Group A/S Lauritz.com Group A/S appoints its new CFO Pressreleaser Visa Stäng
2017-12-13 Lauritz.com Group A/S Addendum to Company announcement no 18 regarding Lauritz.com enters into a five-year partnership agreement for the auction house in Roskilde, Denmark. Pressreleaser Visa Stäng
2017-12-13 Lauritz.com Group A/S Lauritz.com enters into a five-year partnership agreement for the auction house in Roskilde, Denmark. Pressreleaser Visa Stäng
2017-12-01 Lauritz.com Group A/S Change in the management and board of directors of Lauritz.com Pressreleaser Visa Stäng
2017-11-07 Lauritz.com Group A/S Update: Presentation of Lauritz.com Group A/S interim report January - September 2017 Rapporter Visa Stäng
2017-11-07 Lauritz.com Group A/S Lauritz.com Group A/S interim report January - September 2017 Rapporter Visa Stäng
2017-11-02 Lauritz.com Group A/S Lauritz.com Group A/S publishes interim report Q3 2017 on 7 November 2017 at 9.00 am CET with streaming presentation on 9 May at 9.05 am CET Rapporter Visa Stäng
2017-08-15 Lauritz.com Group A/S Lauritz.com Group A/S interim report January - June 2017 Rapporter Visa Stäng
2017-08-10 Lauritz.com Group A/S Lauritz.com Group A/S publishes interim financial report Q2 2017 on 15 August at 9.00 am CET with live streaming presentation at 9.05 Pressreleaser Visa Stäng
2017-07-25 Lauritz.com Group A/S Lauritz.com Group A/S appoints its new CEO Pressreleaser Visa Stäng
2017-07-24 Lauritz.com Group A/S Lauritz.com Group A/S issues 125 875 shares of nom DKK 0,10 for a minor acquisition Pressreleaser Visa Stäng
2017-05-09 Lauritz.com Group A/S Lauritz.com Group A/S interim report January - March 2017 Rapporter Visa Stäng
2017-05-04 Lauritz.com Group A/S Lauritz.com Group A/S publishes interim report Q1 2017 financial report with live streaming presentation on 9 May at 9.00 am CET Rapporter Visa Stäng
2017-04-26 Lauritz.com Group A/S Lauritz.com Group A/S annual general meeting Pressreleaser Visa Stäng
2017-04-25 Lauritz.com Group A/S Lauritz.com enters into a five year partnership agreement for the auction houses in Esbjerg. Pressreleaser Visa Stäng
2017-04-07 Lauritz.com Group A/S Lauritz.com publishes its annual report 2016. Pressreleaser Visa Stäng
2017-04-06 Lauritz.com Group A/S Notice to convene the annual general meeting in Lauritz.com Group A/S Pressreleaser Visa Stäng
2017-04-06 Lauritz.com Group A/S Herved indkaldes til ordinær generalforsamling i Lauritz.com Group A/S Pressreleaser Visa Stäng
2017-03-31 Lauritz.com Group A/S Lauritz.com enters into a five year partnership agreement for the auction houses in Søborg and in Hørsholm in Denmark. Pressreleaser Visa Stäng
2017-03-27 Lauritz.com Group A/S Lauritz.com Group A/S :Mette Rode Sundstrøm to leave position as CEO during 2017 Pressreleaser Visa Stäng
2017-02-27 Lauritz.com Group A/S Lauritz.com Group A/S - Year-end 2016 financial report Pressreleaser Visa Stäng
2017-02-22 Lauritz.com Group A/S Lauritz.com Group A/S publishes year end 2016 financial report with live streaming presentation on 27 February at 10.00 am CET Pressreleaser Visa Stäng
2017-01-19 Lauritz.com Group A/S Lauritz.com Group A/S sænker 2016 vækst guidance for EBITDA Pressreleaser Visa Stäng
2017-01-19 Lauritz.com Group A/S Lauritz.com Group A/S lowers 2016 EBITDA growth guidance Pressreleaser Visa Stäng
2016-11-28 Lauritz.com Group A/S Lauritz.com Group A/S interim report January - September 2016 Rapporter Visa Stäng
2016-11-28 Lauritz.com Group A/S Lauritz.com Group A/S interim report January - September 2016 Rapporter Visa Stäng
2016-11-28 Lauritz.com Group A/S Lauritz.com Group A/S interim report January - September 2016 Rapporter Visa Stäng
2016-11-28 Lauritz.com Group A/S Lauritz.com Group A/S interim report January - September 2016 Rapporter Visa Stäng
2016-11-25 Lauritz.com Group A/S Lauritz.com Group A/S offentliggør kvartalsrapport for Q3 2016 med live streaming præsentation den 28. november kl 10.05 Pressreleaser Ladda ner | Visa Stäng
2016-11-25 Lauritz.com Group A/S Lauritz.com Group A/S offentliggør kvartalsrapport for Q3 2016 med live streaming præsentation den 28. november kl 10.05 Pressreleaser Ladda ner | Visa Stäng
2016-11-25 Lauritz.com Group A/S Lauritz.com Group A/S publishes interim report Q3 2016 with live streaming presentation on 28 November at 10.05 am CET Rapporter Ladda ner | Visa Stäng
2016-11-25 Lauritz.com Group A/S Lauritz.com Group A/S publishes interim report Q3 2016 with live streaming presentation on 28 November at 10.05 am CET Rapporter Visa Stäng
2016-11-24 Lauritz.com Group A/S Lauritz.com indgår 5-årig partneraftale omkring filialen i Herning Pressreleaser Visa Stäng
2016-11-24 Lauritz.com Group A/S Lauritz.com enters into a five year partnering agreement for the branch in Herning Pressreleaser Ladda ner | Visa Stäng
2016-09-23 Lauritz.com Group A/S Company announcement - Information regarding conclusion of a five year partnering agreement for the branch in Cologne and change in the Board of Directors Pressreleaser Visa Stäng
2016-09-23 Lauritz.com Group A/S Selskabsmeddelelse - Information om indgåelse af ny partneraftale i køln samt ændring i bestyrelsen Pressreleaser Visa Stäng
2016-09-18 Lauritz.com Group A/S Selskabsmeddelelse - Information om sales- and leaseback aftalen vedrørende ejendommen Rovsingsgade København Pressreleaser Visa Stäng
2016-09-18 Lauritz.com Group A/S Company announcement - information about sales- and leaseback agreement on the property located Rovsingsgade Copenhagen Pressreleaser Visa Stäng
2016-09-16 Lauritz.com Group A/S Lauritz.com A/S' tilbagekøber ca. 2,4% af selskabets udstedte obligationer for SEK 7,6 mio. Pressreleaser Visa Stäng
2016-09-16 Lauritz.com Group A/S Lauritz.com A/S' acquires approx. 2.4% of its issued bonds for mSEK 7.6 Pressreleaser Visa Stäng
2016-08-24 Lauritz.com Group A/S Lauritz.com group A/S delårsrapport Q2 2016 Rapporter Visa Stäng
2016-08-24 Lauritz.com Group A/S Lauritz.com Group A/S - interim report Janaury - June 2016 Rapporter Ladda ner | Visa Stäng
2016-08-11 Lauritz.com Group A/S Lauritz.com group A/S' afholdelse af ekstraordinær generalforsamling Pressreleaser Ladda ner | Visa Stäng
2016-08-11 Lauritz.com Group A/S Lauritz.com group A/S' extraordinary general meeting Pressreleaser Ladda ner | Visa Stäng

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