contentSlug

type

ContentSlug_ContentQuery

slug

ContentPageContentQuery

content

trendingContent

query ContentSlug_ContentQuery(
  $contentSlug: String!
  $type: [ContentType!]
) {
  ...ContentPageContentQuery_13QmVO
}

fragment CompanyDetails_Content on Content {
  __isContent: __typename
  companies {
    name
    description
    pageUrl
    id
  }
}

fragment ContentBasicInfo on Content {
  __isContent: __typename
  id
  type
  title
  lang
  companies {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  tags {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  ...PublishingDetails
  ...Reactions
}

fragment ContentMetadata on Content {
  __isContent: __typename
  type
  title
  lang
  pageUrl
  alternatePageUrls: translations {
    __typename
    pageUrl
    lang
  }
  imgUrl
  description
  ... on Video {
    liveTime
    videoUrl
  }
  ... on Webcast {
    liveTime
    videoUrl
  }
}

fragment ContentPageContentQuery_13QmVO on Query {
  content(slug: $contentSlug, type: $type) {
    __typename
    id
    type
    title
    isPremium
    lang
    htmlBody
    summary
    companies {
      forum {
        latestPosts {
          ...ForumPosts
        }
      }
      name
      id
      viewerIsFollowing
      pageUrl
      defaultInstrument {
        isin
        id
        marketOpen
        marketClose
        marketplace {
          region
        }
        returns {
          total
        }
      }
    }
    tags {
      viewerIsFollowing
      id
      name
      pageUrl
    }
    createdAt
    ... on Video {
      liveTime
    }
    ... on Webcast {
      liveTime
    }
    slug
    ... on CompanyReport {
      reportUrl
    }
    ... on ThirdPartyCompanyReport {
      reportUrl
    }
    ... on StockExchangeRelease {
      reportUrl
    }
    ...ContentBasicInfo
    ...ContentMetadata
    ...PriceAndRecommendation_Content
    ...CompanyDetails_Content
    ...ReportLink_Content
    ...KeyFigures_Content
  }
  ...TrendingContent_1jQ2Cn
}

fragment ForumPosts on ForumPost {
  text
  likesCount
  url
  author
  postedAt
  authorImgUrl
}

fragment KeyFigures_Content on Content {
  __isContent: __typename
  companies {
    defaultInstrument {
      estimateData {
        modelType
        reportingCurrency
      }
      snapshot {
        transaction {
          date
          actualized {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
          }
          estimates {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
          }
        }
      }
      id
    }
    id
  }
}

fragment PriceAndRecommendation_Content on Content {
  __isContent: __typename
  createdAt
  companies {
    name
    pageUrl
    defaultInstrument {
      priceData {
        tradeCurrency
      }
      snapshot {
        priceData {
          date
          lastPrice
          tradeCurrency
        }
        transaction {
          date
          recommendation
          targetPrice
        }
        prevTransaction {
          recommendation
        }
      }
      id
    }
    id
  }
}

fragment PublishingDetails on Content {
  __isContent: __typename
  createdAt
  publishers {
    name
    imgUrl
  }
  authors {
    __typename
    id
    name
    slug
    imgUrl
    jobTitle
  }
  ... on Video {
    liveTime
  }
  ... on Webcast {
    liveTime
  }
}

fragment Reactions on Content {
  __isContent: __typename
  id
  reactionGroups {
    reactionType
    reactionsCount
    viewerReacted
  }
}

fragment ReportLink_Content on Content {
  __isContent: __typename
  type
  isPremium
  ... on CompanyReport {
    reportUrl
  }
  ... on ThirdPartyCompanyReport {
    reportUrl
  }
  ... on StockExchangeRelease {
    reportUrl
  }
}

fragment TrendingContent_1jQ2Cn on Query {
  trendingContent(type: ARTICLE) {
    __typename
    id
    title
    lang
    pageUrl
    createdAt
    type
    imgUrl
    companies {
      squareLogoUrl
      name
      id
    }
    authors {
      __typename
      imgUrl
      id
    }
    publishers {
      imgUrl
    }
  }
}


embellence-group-new-ceo-makes-his-mark-immediately-abg

__typename

title

isPremium

lang

htmlBody

summary

companies

createdAt

publishers

authors

reactionGroups

pageUrl

translations

imgUrl

description

Embellence Group operates in the retail industry. The company acquires, owns and develops brands in wallpaper, textiles, carpets and other home furnishings. The customers are mainly private players around the global market. The largest presence is found in Scandinavia and Europe. Embellence Group was founded in 1875 and has its headquarters in Borås.

Embellence Group

Q2 in brief: report in line, good gross margin Embellence Group's Q2 report is in line overall. Net sales of SEK 193m was +2% vs ABGSCe, in line with Factset cons, corresponding to 1% y-o-y ...

Q2 in brief: report in line, good gross margin Embellence Group's Q2 report is in line overall. Net sales of SEK 193m was +2% vs ABGSCe, in line with Factset cons, corresponding to 1% y-o-y growth (+4% org.). Growth was driven by the Boråstapeter and Artscape segments, which grew 8% and 10% respectively, despite -9pp impact from FX in the latter segment (ABGSCe). The External manufacturing segment, which has grown rapidly in the past 7 quarters (by 107% y-o-y in Q2'24), seems to have stabilised around a new higher level with growth of 8%. Gross margins were 62.2%, +2pp y-o-y. To drive growth, the opex ratio (including tangible depreciation) was also 160bp higher y-o-y, for an EBITA margin expansion of 40bp and EBITA of SEK 26m (+4% y-o-y). The 1% beat vs consensus estimates can be explained by the stronger gross margin. Outlook: Concrete steps toward e-commerce In Q1, Embellence Group stated that it saw markets stabilising. In the Q2 report, it said it has confidence for the future. Johan Andersson, the new CEO since a bit more than one quarter, seems to move fast in terms of accelerated efforts in e-commerce. He has recruited Kajsa Hjelm as head of e-commerce (previously Director e-commerce at Gina Tricot) and is replacing Cole &amp; Son's e-commerce platform by Q4'25. A larger share of e-commerce sales would be beneficial for profitability, we believe. The share is trading at 7.4x '25e EBITA Using yesterday's closing price and unrevised estimates, Embellence Group is trading at 7.4x-6.5x '25e-'26e EV/EBITA vs a historical trading range of 5-9x NTM. It has worked well L3M with a total return of +8%. The Q2 report alone has limited impact on '25e cons, and we believe the market will focus on the accelerated efforts on e-commerce today. Embellence Group hosts a conference call with the new CEO and the CFO today at 10:00 CEST, find call-in details here.