Net sales

Strong year of global growth – RevolutionRace net sales increased by 48% to SEK 1,331.5 million, while EBIT increased by 59% to SEK 366.8 million during the year 2021/22

“I am very proud and pleased with RevolutionRace’s results in its first fiscal year as a listed company. Fourth quarter demand remained strong, despite macroeconomic challenges changing consumer behavior. Summarizing Fiscal Year 2021/22 , I am pleased to report that RevolutionRace was able to close the accounts of a very successful year of operation characterized by strong growth in many markets.” says Pernilla Nyrensten, CEO and co-founder of RevolutionRace.

Fourth trimester (April 2022June 2022)

  • Fourth quarter net sales increased 16% to SEK318.2 (273.7) million.
  • The operating result (EBIT) increased by 9% and amounted to SEK73.0 (66.7) million, corresponding to an EBIT margin of 21.3 (23.9) percent. Adjusted operating profit (EBIT) amounted to SEK73.0 (79.0) million, corresponding to an adjusted EBIT margin of 21.3 (28.3) percent.
  • The average net order value (AOV) was SEK 774 (740). The increase is mainly explained by a favorable market mix.
  • Earnings per share before dilution amount to SEK0.52 (0.44) and after dilution SEK0.52 (0.44).

Full year (Jul 2021June 2022)

  • Net sales for the 2021/2022 financial year increased by 48% to reach SEK1,331.5 (897.1) million.
  • The operating result (EBIT) increased by 59% and amounted to SEK366.8 (230.4) million, corresponding to an EBIT margin of 26.3 (25.2) percent. Adjusted operating profit (EBIT) amounted to SEK366.8 (252.2) million, corresponding to an adjusted EBIT margin of 26.3 (27.6) percent.
  • The average net order value (AOV) was SEK 803 (763).
  • The Board of Directors is proposing a dividend of SEK0.77 (0.64) per share.

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: +46850558368

UK: +443333009268

USA: +16467224902

For more information please contact:

Jesper AlmCFO
Email: [email protected]

This information is information that RVRC Holding AB (publ) is required to make public in accordance with 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 August 16, 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, high 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 of unparalleled value in terms of 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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