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RevolutionRace continues to increase sales with good profitability

MAR

Third quarter (1 January – 31 March 2023)

  • Net sales for the period increased by 13 percent and amounted to SEK 414 (367) million.
  • Gross profit amounted to SEK 300 (269) million, corresponding to a gross margin of 72.6 (73.1) percent.
  • EBIT amounted to SEK 87 (104) million, corresponding to an EBIT margin of 21.1 (27.8) percent.
  • Average order value (AOV) amounted to SEK 930 (849).
  • Earnings per share before dilution amounted to SEK 0.60 (0.72) and after dilution to SEK 0.60 (0.72).

Significant events

  • Reduced inventory and strong cash flow from operating activities of SEK 101 million.
  • Board member Johan Svanström left the board in February due to a new operational role as CEO of a listed company in UK.

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-q3-2022-2023/register

 If you wish to participate via teleconference, please register on the link below:
https://conference.financialhearings.com/teleconference/?id=5007593

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 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 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. The information was submitted for publication, through the agency of the contact persons set out above, at 2023-05-09 07:30 CEST.

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RVRC Holding AB Interim Report Q3 22/23

Datum 2023-05-09, kl 07:30
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RVRC Holding AB Interim Report Q3 22/23
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