Solid outcome despite a macroeconomically challenging year
Fourth quarter
- Net revenue was
SEK 233.3 (204.1) million, corresponding to an increase of 14.3% (-6.7%). - Organic net revenue growth was 9.3% (-12.7%).
- The gross margin amounted to 60.3% (61.8%).
-
Operating profit was
SEK 29.4 (36.4) million, and the Operating margin was 12.6% (17.8%). -
The Profit for the period amounted to
SEK 24.3 (29.2) million. -
Earnings per share before and after dilution were
SEK 1.17 (1.40). -
The average NPS value was 64 (64), and the average
Trustpilot value was 4.8 (4.8).
January - December
- Net revenue was
SEK 702.2 (639.3) million, corresponding to an increase of 9.8% (-9.3%). - Organic net revenue growth was 2.8% (-13.1%).
- The gross margin remained at 62.0% (62.0%).
-
Operating profit amounted to
SEK 85.4 (74.9) million, and the operating margin was 12.2% (11.7%). -
Profit for the period was
SEK 70.0 (58.9) million. - Inventory value as a percentage of LTM net revenue was 17.9% (27.3%).
-
Net debt at the end of the period was
SEK 185.8 (111.8) million. -
Earnings per share before and after dilution were
SEK 3.37 (2.83). -
The average NPS value was 66 (68), and the average
Trustpilot value was 4.8 (4.8). - The average return rate 14.9% (15.5%).
-
The Board of Directors proposes a dividend of
SEK 1.80 (1.50) per share.
Comments from Michael Lindskog, CEO
"I am pleased that we can deliver a new net revenue all-time high for the fourth quarter despite an economic climate characterized by high uncertainty and where the European households were burdened by high inflation and interest rates."
"Our strategic KPIs developed positively with continued high customer satisfaction levels in addition to all-time highs for number of orders and number of new customers acquired."
"I am proud that we despite the year's challenges reached net revenue of
"In addition to investing in growth and developing the organization,
"I am pleased that we could also focus on future solutions for warehousing and office space. Entering into the agreement for a new warehouse, logistics, and office building, in addition to the opening of an office in
"Regardless of how the world around us and the economic climate develops, we look forward to meeting the new year by effectively navigating the market conditions with a continued focus on improving our possibilities for profitable growth both in the short- and long term."
Conference call in connection with the publication of the report
In connection with the publication of the year-end report for 2023,
To participate in the conference call (with the opportunity to ask verbal questions)
Register via: https://conference.financialhearings.com/teleconference/?id=5007233
After registration you will be provided with phone numbers and a conference ID to access the conference. It is also possible to participate in the telephone conference via the Group's website. https://www.rugvistagroup.com/en/report/Q4-2023/
To participate via the audiocast (with the opportunity to ask written questions)
Please join via: https://ir.financialhearings.com/rugvista-group-q4-report-2023
The interim report and the presentation are available on
https://www.rugvistagroup.com/en/investors/reports-and-presentations/
Contact information
Michael.Lindskog@rugvista.com
Joakim Tuvner, CFO
Joakim.Tuvner@rugvista.com
InvestorRelations@rugvistagroup.com
This report includes information that
Certified advisor
Box 5216
Nybrogatan 34
SE 102 45 Stockholm
info@fnca.se
About Rugvista
The business is divided into three segments: Private consumers (B2C), Business consumers (B2B), and Marketplaces & Other (MPO). The B2C segment represents the consumer market and is
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