Prince Carl Philips' company Cphb design AB reported in 2018 its lowest turnover since its inception: SEK 19,500.
Something that is completely in order, according to the company's chairman Axel Calissendorf.
- It is an expression of long-term development.
In addition to his royal duties, Prince Carl Philip also has a career as a designer.
The Prince's company Cphb design AB conducts “design and graphic design with a focus on the consumer market”, according to the annual report.
Together with his colleague Oscar Kylberg, the prince has produced products such as bowls, wine glasses and vases sold under the Bernadotte & Kylberg brand. Prince's company Cphb design AB owns half of the shares in Bernadotte & Kylberg AB.
In 2018, Cphb design AB reports its lowest turnover since its inception in 2008.
The company has sales of SEK 19,534, according to the recently published annual report for 2018.
The company had the most sales in 2012: SEK 132,000. Since then, sales have fallen sharply. In 2017, the company had sales of just over SEK 25,000.
In 2018, Cphb design AB received a dividend from Bernadotte & Kylberg AB of SEK 100,000, which results in a profit of SEK 104,504. Otherwise, the operating profit for 2018 is only SEK 4,504.
Axel Calissendorff is Chairman of the Board of the company and believes that the low result is an expression of long-term development.
- It has to do with the fact that the prince from the beginning conducted his business activities in the form of design activities only in this company, Cphb AB. But gradually the business has moved to the business he runs with Oscar Kylberg in Bernadotte & Kylberg AB. There, the business is flourishing a bit more, says Axel Calissendorff.
He also says that the revenue contained in Cphb comes from old agreements on which the company earns royalties.
"The company's partnerships with Gense AB, Svenskt Tenn AB and Fiskars Sweden AB are progressing well and providing steady royalty income", read in the annual report for 2018.
- The new company has had a good development with successively increased sales, says Axel Calissendorff.
Margareta Thorgren announces that she doesn't want to comment on the prince's business.
Carl Philips bolag redovisar lägsta omsättningen – någonsin