RevolutionRace continues to grow

2022-11-08 07:30:00

First quarter (1 July – 30 September 2022)

  • Net sales in the first quarter increased by 8.5 percent and amounted to SEK 275.8 (254.2) million.
  • Gross profit amounted to SEK 196.8 (183.9) million, corresponding to a gross margin of 71.4 (72.4) percent.
  • EBIT amounted to SEK 49.8 (72.7) m, corresponding to an EBIT margin of 17.4 (28.4) percent.
  • Average order value (AOV) amounted to SEK 835 (793).
  • Earnings per share before dilution amounted to SEK 0.34 (0.50) and after dilution to SEK 0.34 (0.50).

Significant events

  • Pernilla Nyrensten resigned as CEO on August 15, 2022.
  • Paul Fischbein was appointed acting CEO of RevolutionRace as of August 16, 2022. On October 7, 2022, Paul was appointed permanent CEO.
  • Strong development in the DACH region with a sales growth of 39 percent.
  • Strong development in the region RoW with a sales growth of 34 percent.
  • Launch of new collection for Teens.

The report will be presented to investors, analysts and media in a webcast today at 10:00 CEST.

Follow the presentation live on: https://financialhearings.com/event/44530

To listen to the conference by phone, please dial:

SE: +46 8 505 163 86
UK: +44 203 198 4884
US: +1 412 317 6300
Pin code: 6035066#

MFN