Despite these obstacles, we have worked diligently to adapt to the challenging market conditions.
We faced revenue and gross margin challenges, yet achieved successful expansions in international sales channels and growth within our own Moomin product category.
While sales decrease is not ideal, we remain optimistic that we can regain our momentum in the coming quarters.
The quarter started positively with record sales, thanks to new products, including our own designs which started finally to bring results.
3Q: calm before the storm.
Euroeat expanding online channels.
A challenging quarter. Not only for us at Euroeat, but for the whole consumer & retail business in China.
Growth with better profitability.
The agreement also covers Moomin branded products designed and manufactured by Euroeat in China.The agreement is signed between Euroeat Oy and Rights and Brands Asia Ltd.
The parties have signed a non-exclusive distribution agreement for mainland China.