European Lingerie Group AB publishes 12 Months and Fourth Quarter 2018 Report
European Lingerie Group AB (ELG or the “Group”) publishes unaudited 12 Months and Fourth Quarter 2018 Report (1 January – 31 December, 2018), including pro forma and condensed interim consolidated financial statements.”Sales results of the fourth quarter of 2018 for European Lingerie Group justified our previous belief that the bottom line of declining sales was hit in Q3 2018 and recovery should start. We see it across most of the markets and especially in Russia. Unfortunately, the trend of closure of small specialized retail shops in Southern and Central Europe still continues and the