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Another year of growth with good profitability for RevolutionRace

MAR

Financial development and significant events during the fourth quarter (1 April – 30 June 2023)

  • Net sales for the period increased by 14 percent and amounted to SEK 362 (318) million.
  • Gross profit amounted to SEK 269 (230) million, corresponding to a gross margin of 74.5 (72.3) percent.
  • EBIT amounted to SEK 68 (73) million, corresponding to an EBIT margin of 18.9 (21.9) percent.
  • Earnings per share before dilution amounted to SEK 0.48 (0.52) and after dilution to SEK 0.48 (0.52).

Financial development and significant events during the full year (1 July 2022 – 30 June 2023)

  • Net sales for the period increased by 17 percent and amounted to SEK 1,560 (1,331) million.
  • Gross profit amounted to SEK 1,126 (963) million, corresponding to a gross margin of 72.2 (72.3) percent.
  • EBIT amounted to SEK 310 (367) million, corresponding to an EBIT margin of 19.9 (27.0) percent.
  • Adjusted EBIT amounted to SEK 322 (367) million, corresponding to an EBIT margin of 20.6 (27.0) percent.
  • Earnings per share before dilution amounted to SEK 2.15 (2.55) and after dilution to SEK 2.15 (2.55).
  • Paul Fischbein was appointed acting CEO in August 2022 and as permanent CEO in October 2022.
  • The board of directors proposes a dividend of SEK 0.86 (0.77) per share.

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

If you wish to participate via webcast, please use the link below:
https://ir.financialhearings.com/revolutionrace-q4-2022-2023/register

 If you wish to participate via teleconference, please register on the link below:
https://conference.financialhearings.com/teleconference/?id=5008321

For more information, please contact:
Jesper Alm, CFO
E-mail: jesper.alm@revolutionrace.se

Desirée Holmér, IR Manager
E-mail: desiree.holmer@revolutionrace.se

About RevolutionRace
RVRC Holding AB (publ) (RevolutionRace) is a fast-growing outdoor brand offering multifunctional products including clothes, shoes, backpacks, and accessories to people with an active lifestyle. RevolutionRace ambition is to create high-quality, colorful, and affordable outdoor products with an amazing design and fit at unmatched value under the tagline “Nature is our playground.” The company operates with a digital D2C business model reaching customers in approximately 40 countries. The company was founded in 2013 and is listed on Nasdaq Stockholm since 2021. RevolutionRace is on a mission – to make the nature accessible for everyone!

Stay updated on latest news by subscribing to press releases and financial information: https://corporate.revolutionrace.com/en/subscribe/

This information is information that RVRC Holding AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 2023-08-15 07:30 CEST.

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22 23 Q4 RVRC (ENG)

Datum 2023-08-15, kl 07:30
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22 23 Q4 RVRC (ENG)
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