Everysport Group changes accounting standard to K3

Everysport Group (“Everysport” or the “Company”) today announces that the Board of Directors has decided to change the accounting standard from the international accounting standard IFRS to the Swedish K3 regulations. 

The preparatory work has been completed and the final step of the transition is underway in order to be able to present the year-end report for 2024 in accordance with K3. The changeover has a negative effect on earnings of SEK 6.5 million, which is due to the restatement of previous periods.

Primarily, goodwill will be amortized on a straight-line basis over five years according to K3. The change in accounting standard is part of Everysport's strategic work to optimize resources and adapt the business to the current Group structure.