Elm Company (7203.SE): 2Q26: Topline growth slows sharply to +12%, margins lower

研报英文原文证据摘录

Elm Company (7203.SE): 2Q26: Topline growth slows sharply to +12%, margins lower

Elm Company (7203.SE)

30 July 2026 Citi Research

with Bombay Stock Exchange (BSE) and certification from National Institute of Securities Markets (NISM) in no way guarantee

performance of the intermediary or provide any assurance of returns to investors. CGM’s registered office is at 1202, 12th Floor,

First International Financial Centre (FIFC), G Block, Bandra Kurla Complex, Bandra East, Mumbai – 400098 & registered Tel:

+91 22 61759999. Citi maintains robust policies, procedures,controls, and training to ensure continued compliance with all

applicable rulesand regulations. All recommendations contained herein are made by dulyqualified research analysts. CGM’s

Corporate Identity Number is U99999MH2000PTC126657, and its Compliance Officer [Vishal Bohra] contact details are:

Tel:+91-022-61759994, Fax:+91-022-61759851, Email: cgmcompliance@citi.com. The Investor Charter in respect of Research

Analysts, the Compliance Audit Report and Complaints information can be found at

https://www.citivelocity.com/cvr/eppublic/citi_research_disclosures. The grievance officer [Niraj Mody] contact details are

Tel: +91-22-42775002, Email: EMEA.CR.Complaints@citi.com. Investment in securities market are subject to market risks.

Read all the related documents carefully before investing. SEBI prescribed Client Terms & Conditions can be found at

https://www.citivelocity.com/rendition/authfilelinksvcs/eppublic/V1/file?paramData=ZmlsZU5hbWU9L1MzL0dETVMvcHVi

RGlzY2xvc3VyZUh0bWxzL2dkbV9kaXNfc2ViaV9UZXJtc29mVXNlLmh0bWw

The Product is made available in Indonesia through PT Citigroup Sekuritas Indonesia. Citibank Tower 10/F, Pacific Century

Place, SCBD lot 10, Jl. Jend Sudirman Kav 52-53, Jakarta 12190, Indonesia.