The fourth quarter in summary (October-
- Net sales totaled tSEK 61,254 (55,405) and increased by 10.6% (16.1%). Currency-adjusted net sales growth amounted to 5.7% (8.6%).
- Operating profit amounted to tSEK 12,689 (4,549), with an operating margin of 20.7% (8.2%). Operating profit was affected by a non-cash impairment loss of tSEK 6,341. Excluding impairment, the margin was 31.1%.
- Adjusted operating profit totaled tSEK 12,689 (7,351) and adjusted operating margin was 20.7% (13.3%).
- The total number of paying subscribers at end of period was 893k (904k).
-
ARPU in the quarter totaled
SEK 272 (243). Currency-adjusted ARPU totaledSEK 260 . -
Earnings per share before and after dilution for the quarter amounted to
SEK 0.52 (0.18).
Full year in summary (January-
- Net sales totaled tSEK 236,146 (212,034) and increased by 11.4% (16.8%). Currency-adjusted net sales growth amounted to 3.1% (12.3%).
- Operating profit amounted to tSEK 56,606 (42,807), with an operating margin of 24.0% (20.2%).
- Adjusted operating profit totaled tSEK 61,437 (45,609) and adjusted operating margin was 26.0% (21.5%). In 2023 adjustments were made for costs related to the efficiency program.
-
ARPU for the period totaled
SEK 262 (234). Currency-adjusted ARPU totaledSEK 242 . -
Earnings per share before dilution totaled
SEK 2.28 (1.72) for the period. Earnings per share after dilution totaledSEK 2.28 (1.69).
Important events during the reporting period
- On 1 November, Erik Jivmark took over as the new CEO. Erik's most recent position was at Volvo Car Mobility.
-
In November, the new Cough Radar feature was launched. Based on
Sleep Cycle 's data, the feature shows how coughs and colds develop in real time. - At an Extraordinary General Meeting on 23 November, it was resolved to implement an incentive program for the company's CEO.
-
After a strategic review, the decision was made to discontinue Sleep Cycle Kids. As a result of the discontinuation, earnings will reflect an impairment loss of
SEK 6.3 million with no impact on future sales.
Important events after the period end
- On
January 23 , it was announced thatSleep Cycle is reorganizing and consolidating its operations to the head office inGothenburg . -
The Board of Directors proposes a dividend of
SEK 2.30 per share, corresponding toSEK 46.6 million , based on the number of outstanding shares as ofFebruary 7, 2024 .SEK 1.30 per share constitutes an ordinary dividend andSEK 1.00 per share constitutes an extraordinary dividend for 2023.
Commenting on the quarter, CEO
"When summing up 2023, we can conclude that the positive trend from the third quarter continued. The number of subscribers continued to increase in the fourth quarter combined with a 72.6 % EBIT growth compared to last year. The focus on product development and conversion, combined with cost-effective user acquisition, has not only enabled us to turn around growth in the number of subscribers during the year, but has also provided an improved user experience".
"After my first few months as CEO of
This information offered is such that
The full interim report is available on https://investors.sleepcycle.com
Sleep Cycles CEO
For more information please contact:
Erik Jivmark
CEO
erik.jivmark@sleepcycle.com
Per Andersson
CFO
per.andersson@sleepcycle.com
+46 70 939 5327
About
With millions of daily active users and over two billion nights analyzed in more than 150 countries,
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