EQS-News
LR Group significantly boosts sales trend in the third quarter and moves closer to its record year in 2021
EQS-News: LR Global Holding GmbH / Key word(s): Quarter Results LR Group significantly boosts sales trend in the third quarter and moves closer to its record year in 2021 |
- Group sales of EUR 65.1 million in Q3 2022 and EUR 196.6 million in 9M 2022
- Normalized EBITDA of EUR 22.4 million in 9M 2022
- ZEITGARD Pro, the best product launch in the company’s history, exerts positive impact on sales activities
- Sales strategy even more strongly geared to LR partner income opportunities in times of falling real wages
Furthermore, the LR Group achieved normalized EBITDA of EUR 22.4 million in the first nine months of 2022, compared with EUR 30.1 million in the same period of the previous year. In addition to the exceptionally strong revenue in the prior-year period, this reduction is also particularly due to non-recurring IT expenses arising from the implementation of a project to renew the ERP system and the eShop.
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