Pierce Group AB Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 17, 2023 at 02:00 am EST
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Pierce Group AB (publ) reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was SEK 369 million compared to SEK 373 million a year ago. Net loss was SEK 61 million compared to SEK 20 million a year ago. Basic loss per share from continuing operations was SEK 0.77 compared to SEK 0.26 a year ago. Diluted loss per share from continuing operations was SEK 0.77 compared to SEK 0.26 a year ago.
For the nine months, sales was SEK 1,154 million compared to SEK 1,243 million a year ago. Net loss was SEK 47 million compared to SEK 35 million a year ago. Basic loss per share from continuing operations was SEK 0.59 compared to SEK 0.66 a year ago. Diluted loss per share from continuing operations was SEK 0.59 compared to SEK 0.66 a year ago.
Pierce Group AB (publ) is a Sweden-based e-commerce company selling gear, spare parts, accessories and streetwear to riders across all of Europe through the online stores 24MX, XLMOTO and Sledstore via some forty websites adapted to the local markets. Pierce has two major segments targeting two different customer groups, Offroad sales to motocross and endure riders, and Onroad sales to riders on paved roads and tracks. Pierce also has a smaller segment, Other, which primarily focuses on sales to snowmobile riders. The headquarter is located in Stockholm, Sweden, the central warehouse is located in Szczecin, Poland, and the major portion of the customer support service is located in Barcelona, Spain.
PIERCE GROUP AB 
