RevolutionRace continues to grow

2023-01-31 07:30:00

Second quarter (1 October – 31 December 2022)

  • Net sales for the period increased by 30 percent and amounted to SEK 509 (392) million.
  • Gross profit amounted to SEK 360 (280) million, corresponding to a gross margin of 70.7 (71.6) percent.
  • EBIT excluding costs for incentive programme (LTIP) amounted to SEK 117 (117) million, corresponding to an adjusted EBIT margin of 23.0 (29.8) percent.
  • EBIT amounted to SEK 105 (117) million, corresponding to an EBIT margin of 20.7 (29.8) percent.
  • Average order value (AOV) amounted to SEK 876 (791).
  • Earnings per share before dilution amounted to SEK 0.73 (0.82) and after dilution to SEK 0.73 (0.82).

Significant events

  • Highest net sales for a single quarter.
  • Growth in all regions.
  • Significantly improved cash flow and decreased inventory in the quarter.
  • Paul Fischbein took over as CEO in October, having served as Acting CEO since August 2022.
  • The Annual General Meeting held in November approved a dividend of SEK 0.77 per share, changes in the board of directors and an incentive programme (LTIP) involving warrants.

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

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