Good profitability despite challenging market
Third quarter 2022
- Net revenue was
SEK 127.9 (141.0) million representing a decrease of -9.3% (21.1%). - Organic net revenue growth was -12.7% (29.6%).
- Gross margin was 63.5%% (64.4%).
-
EBIT was
SEK 16.6 (22.9) million and EBIT margin was 13.0% (16.2%). -
Profit for the period was
SEK 13.0 (17.9) million. -
Earnings per share and per diluted share was
SEK 0.63 (0.86). -
The average NPS (
Net Promotor Score ) value was 72 (66).
January - September 2022
- Net revenue was
SEK 435.1 (486.2) million representing a decrease of -10.5% (38.4%). - Organic net revenue growth was -13.6 (50.2%).
- Gross margin was 62.0% (64.5%).
-
EBIT was
SEK 38.5 (87.4) million and EBIT margin was 8.9% (18.0%). -
Profit for the period was
SEK 29.7 (68.7) million. -
Earnings per share and per diluted share was
SEK 1.43 (3.30). -
Net cash position was
SEK 54.7 (120.4) million. -
The average NPS (
Net Promotor Score ) value was 69 (66). - Inventory as a share of last-twelve-month (LTM) net revenue was 28.5% (18.8%).
Comments from Michael Lindskog, CEO
"Our focus during much of this year has been to navigate the current market conditions. We see that our initiatives to ensure good profitability have been successful and the EBIT margin for Q3 was 13.0%."
"Our average NPS value during the quarter was 72 which is an all-time high and shows that we continue to deliver on our customer promises."
"We stand financially strong, despite the challenges faced this year, with a net cash position of
"Despite the overall challenging climate, we did toward the end of Q3, in some markets, see indications of a slight recovery in consumer demand."
"Q4 and Q1 are our most important quarters, and I am convinced that we can successfully navigate both the challenges and the opportunities that a peak-season entails."
Conference call in connection with the publication of the interim report
In connection with the publication of the interim report for January -
The interim report and the presentation are available at
The conference call can also be joined through the Group's website: https://www.Rugvistagroup.com/se/investors/q322/.
Contact information
Michael.Lindskog@rugvista.se
InvestorRelations@rugvistagroup.com
This report includes information that
Certified advisor
Box 5216
Nybrogatan 34, SE-102 45 Stockholm
info@fnca.se
About RugVista Group
The Group's operations are divided into three segments: Private consumers (B2C), Business consumers (B2B), and Marketplaces & Other (MPO). The B2C segment represents the consumer market and is the Group's core segment.
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