Strong year of global growth – RevolutionRace’s net sales grew by 48% to SEK 1,331.5 million, while EBIT grew by 59% to SEK 366.8 million over the financial year 2021/22

“I take great pride and satisfaction in RevolutionRace’s earnings over its first financial year as a listed company. Fourth quarter demand remained strong, despite macroeconomic challenges altering consumer behaviour. Summing up the 2021/22 financial year, I am happy to affirm that RevolutionRace has been able to close the books for a highly successful year of operations characterized by strong growth in numerous markets.” says Pernilla Nyrensten, CEO and co-founder of RevolutionRace.

Fourth quarter (Apr 2022 – Jun 2022)

• Net sales in the fourth quarter increased by 16 percent to SEK 318.2 (273.7) million.
• Operating profit (EBIT) increased by 9 percent and amounted to SEK 73.0 (66.7) million, corresponding to an EBIT margin of 21.3 (23.9) percent. Adjusted operating profit (EBIT) amounted to SEK 73.0 (79.0) million, corresponding to an adjusted EBIT margin of 21.3 (28.3) percent.
• Average net order value (AOV) was SEK 774 (740). The increase is primarily explained by a favourable market mix.
• Earnings per share before dilution amounted to SEK 0.52 (0.44) and after dilution SEK 0.52 (0.44).

Full year (Jul 2021 – Jun 2022)

• Net sales in the financial year 2021/2022 increased by 48 percent to SEK 1,331.5 (897.1) million.
• Operating profit (EBIT) increased by 59 percent and amounted to SEK 366.8 (230.4) million, corresponding to an EBIT margin of 26.3 (25.2) percent. Adjusted operating profit (EBIT) amounted to SEK 366.8 (252.2) million, corresponding to an adjusted EBIT margin of 26.3 (27.6) percent.
• Average net order value (AOV) was SEK 803 (763).
• The Board of Directors proposes a dividend of SEK 0.77 (0.64) per share.

The report will be presented to investors, analysts and media in a webcast today at 10:00 CEST.

Follow the presentation live on: Link to webcast

To listen to the conference by phone, please dial:

SE: +46850558368

UK: +443333009268

US: +16467224902

For more information, please contact:

Jesper Alm
CFO
E-mail: [email protected]

This information is information that RVRC Holding AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation (EU) No 596/2014. The information was submitted for publication, through the agency of the contact person set out above, at 07:30 CET on August 16, 2022.

About RevolutionRace
RVRC Holding AB (publ) (RevolutionRace) offers high quality functional clothing for people with an active lifestyle. The company was founded in 2013 by Pernilla Nyrensten, CEO and Niclas Nyrensten, Creative Director. Since its inception, the founders have had the goal of creating multifunctional clothing with great fit, in the highest quality and at reasonable prices under the tag line "Nature is our playground". By selling clothes online, directly to consumers without unnecessary intermediaries, RevolutionRace can offer products that have an unmatched value in terms of price, quality and design. Together with its customers, the company has grown rapidly and is selling its products to more than 35 countries. For more information, please visit corporate.revolutionrace.com.