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RevolutionRace continues to grow

MAR

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#

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 company 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 more than 35 countries with 18 unique webshops. The company was founded in 2013 by Pernilla and Niclas Nyrensten 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 2022-11-08 07:30 CET.

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Datum 2022-11-08, kl 07:30
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221108 Q1 22 23 RVRC Q1 EN
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