European Lingerie Group AB publishes unaudited 6 Months and Second Quarter Report for 2020
European Lingerie Group AB publishes unaudited 6 Months and Second Quarter 2020 Report (January 1 – June 30, 2020), including condensed interim consolidated financial statements.ELG is pleased to publish its 6 months and second quarter 2020 report. The performance during the second quarter was heavily impacted by COVID-19 and measures taken by local governments, whereby stores were temporarily closed and products of the group, therefore, lacked the traditional sales channel. As the result, the Group experienced drop in sales revenue, was forced to temporarily stop the production in its