Reported sales were up 9% (+13% constant currency) to SEK 2.5 billion in the third quarter, according to preliminary results, with an organic sales decline more than offset by Quad Lock contributions in a continued challenging market. While spring and summer’s positive organic growth continued into the start of the third quarter, results turned negative as cautious retailers pulled back on seasonal products as the quarter progressed. EBIT margin ticked up 30 b.p., however, to 17.9% on gross margin expansion, while SG&A saw cost cuts in the organic business ease the ... Log in to view full article.