RevolutionRace continues to grow globally – net sales increased by 50% to SEK 367.4 million and EBIT by 61% to SEK 103.5 million in the third quarter

“It gives me both satisfaction and pride that RevolutionRace continues to gain market share globally. Third quarter net sales increased 50% to 367.4 million Swedish crownsand gross profit increased to 268.5 million Swedish crowns, corresponding to a gross margin of 73.1%. Operating profit (EBIT) increased by 61% for 103.5 million Swedish crowns with a strengthened EBIT margin of 27.0%. With our strong financial position, operational implementation capability, digital positioning and brand, RevolutionRace continues to grow rapidly in existing and recently launched markets,” said Pernilla Nyrensten, CEO and Co-Founder of RevolutionRace.

Third quarter – January – March 2022

Net sales for the period increased 50% to SEK367.4 (244.5) million.
The operating result (EBIT) increased by 61% and amounted to SEK103.5 (64.4) million, corresponding to an EBIT margin of 27.0 (25.9) percent. Adjusted operating profit (EBIT) amounted to SEK103.5 (72.8) million, corresponding to an adjusted EBIT margin of 27.0 (29.3) percent.
The average net order value (AOV) was SEK 849 (777). The increase is mainly explained by a favorable market mix.
Earnings per share before dilution amount to SEK0.72 (0.46) and after dilution SEK0.72 (0.44).

Highlights of the quarter

Throw in Estonia – now local online stores in 18 markets in total.
The launch of a new product category in February, bags, was very well received.
Continued very strong sales development at DACH, where net sales increased by 93%.
Good development on Amazon including the relaunch of Amazon UK.
Successful marketing efforts in the markets with the greatest potential.

The report will be presented to investors, analysts and the media during a webcast today at 10:00 a.m. EST.

Follow the presentation live on: Link to the webcast

To listen to the conference by telephone, dial:

SE: +46856642695

UK: +443333009266

USA: +16467224957

For more information please contact:

Pernilla Nyrensten
CEO and co-founder
Email: [email protected]

Jesper AlmCFO
Email: [email protected]

This information is information that RVRC Holding AB (publ) is required to make public under the EU Market Abuse Regulation (EU) No. 596/2014. The information has been submitted for publication, through the contact person listed above, to 07:30 CET on May 10, 2022.

About RevolutionRace
RVRC Holding AB (publ) (RevolutionRace) offers high quality functional clothing for people with active lifestyles. The company was founded in 2013 by Pernilla Nyrensten, CEO and Niclas Nyrensten, Creative Director. Since its inception, the founders have aimed to create perfectly fitting, highest quality and reasonably priced multifunctional clothing under the slogan “Nature is our playground”. By selling clothing online, directly to consumers without unnecessary intermediaries, RevolutionRace can offer products that have unparalleled value in price, quality and design. Together with its customers, the company has grown rapidly and sells its products in more than 35 countries. For more information, visit corporate.revolutionrace.com.

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