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RevolutionRace continues to grow

MAR

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.

If you wish to participate via webcast, please use the link below:

https://ir.financialhearings.com/revolutionrace-q2-2023/register

If you wish to participate via teleconference, please register on the link below:

https://conference.financialhearings.com/teleconference/?id=5001379

For more information, please contact:
Kajsa Andersson, Press contact
E-mail: kajsa.andersson@revolutionrace.se
Phone: +46 (0) 722308765

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 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 and the Securities Markets Act. The information was submitted for publication, through the agency of the contact persons set out above, at 2023-01-31 07:30 CET.

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Datum 2023-01-31, kl 07:30
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