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RevolutionRace’s profitable growth continues

Financial development & significant events during the first quarter (1 July – 30 September)

  • Net sales for the period increased by 24 percent and amounted to SEK 342 (276) million.
  • Gross profit amounted to SEK 247 (197) million, corresponding to a gross margin of 72.2 (71.4) percent.
  • EBIT amounted to SEK 67 (50) million, corresponding to an improvement of 34 percent.
  • EBIT margin amounted to 19.5 (17.4) percent.
  • Earnings per share before dilution amounted to SEK 0.47 (0.34) and after dilution to SEK 0.47 (0.34).
  • At the Extraordinary General Meeting (the “EGM”) of RVRC Holding AB (publ) on 30 August 2023, it was resolved to elect Sara Diez Jauregui as new Board member.

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-q1-report-2023/register

If you wish to participate via teleconference please register on the link below. After registration you will be provided phone numbers and a conference ID to access the conference. You can ask questions verbally via the teleconference.

https://conference.financialhearings.com/teleconference/?id=5007021

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 2023-11-07 07:30 CET.

Attachments
RVRC Holding AB Interim report Q1 23/24

Source:MFN
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