Urgent.News

What's breaking now, across thousands of outlets.

Finance & Markets

Synsam skryter av Haaland-effekt etter kraftig vekst

Investorene jubler over brillefin børsoppgang.

Synsam skryter av Haaland-effekt etter kraftig vekst

Synsam's share price soared over 13 percent on the Stockholm Stock Exchange following the company's release of its quarterly report on Friday. The report highlighted a partnership with Norwegian football star Erling Braut Haaland, which included collaboration on glasses, sunglasses, and sports eyewear. Synsam's CEO, Håkan Lundstedt, attributed the company's impressive growth to this partnership and its ability to reach new customer segments.

The company's revenue for the second quarter reached 2.1 billion Swedish kroner, a substantial increase from 1.9 billion kroner in the same period last year, exceeding analysts' expectations. The company's profits, including EBITDA and pre-tax profit, also showed strong growth, with EBITDA rising to 513 million kroner and pre-tax profit increasing to 200 million kroner.

Despite the impressive growth, Synsam's stock price has been volatile, trading nearly 10 percent lower for the year despite today's price surge.

Written by urgent.news from E24 Norway's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

Read the original at e24.no →

More in Finance & Markets

More from Friday 21 August →