Property sales boost Brio results

Brio in Q1 turnaround as losses improve thanks to property deals.
Publish date:
Social count:

Brio has published its latest first quarter figures posting an operating profit of SEK45.5m, against a loss of SEK31.9m in the first quarter of 2007.

The improvement was mainly due to gains from the sale of two properties, and excluding the property sale the result amounted to a loss of SEK29.5m.

The net turnover amounted to SEK173.0m, down from SEK181.1m in the first quarter last year. 

The firm said that it experienced a continued weak decline in sales as the market continues to turn from traditional toys to video and computer games.

Earnings per share amounted to SEK3.85, up from a loss of SEK4.00 in the first quarter last year. 

One British pound is worth approximately 11.73 Swedish kronor (SEK).


Featured Jobs

Vivid Job Logo 620 x 349

Digital Marketing Executive - Toys & Games

Vivid is Britain’s biggest toy company and the 20 largest in the world. With offices across the globe, they sell an amazing portfolio of toys and games to over 60 countries. Vivid is best known for its association with blockbuster brands and is very excited about future opportunities around the world.


UK Sales Agents

Liberty House Toys have been appointed as the exclusive UK distributor for the BiOBUDDi brand, and we are pleased to introduce this new unique, innovative and exciting range of 100% environmentally-friendly toy building blocks. We are seeking experienced sales agents with existing network in the toy retail market.

Gameplan Job Logo 620 x 349

Head of Product Development & Marketing

Our client is a privately owned French toy and games manufacturer which sells through distributors in forty countries. The company develops and sells innovative electronic interactive toys and games for the educational and gaming markets, and also takes suitable licenses. To progress its successful business development a Head of Product Development & Marketing is to to recruited.

HIT Entertainment Job Logo 620 x 349

Licensing Systems Administrator

The Contract System Coordinator is a newly created role to support the deal term entry process into Mattel’s new Contract Management System for its Licensing business. The role will support the Business Teams at the Deal & Amendment phase of the contracting process and act in conjunction with the System Administration team.