RugVista Group AB Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
February 08, 2024 at 06:30 am
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RugVista Group AB (publ) reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported sales was SEK 233.28 million compared to SEK 204.14 million a year ago. Revenue was SEK 234.76 million compared to SEK 204.51 million a year ago. Net income was SEK 24.31 million compared to SEK 29.16 million a year ago. Basic earnings per share from continuing operations was SEK 1.17 compared to SEK 1.4 a year ago. Diluted earnings per share from continuing operations was SEK 1.17 compared to SEK 1.4 a year ago.
For the full year, sales was SEK 702.2 million compared to SEK 639.27 million a year ago. Revenue was SEK 704.72 million compared to SEK 640.96 million a year ago. Net income was SEK 69.96 million compared to SEK 58.87 million a year ago. Basic earnings per share from continuing operations was SEK 3.37 compared to SEK 2.83 a year ago. Diluted earnings per share from continuing operations was SEK 3.37 compared to SEK 2.83 a year ago.
RugVista Group AB is a Sweden-based manufacturer of home furnishing products. RugVista Group offers online sales of carpets via online stores in 20 different languages through the brands RugVista and CarpetVista. The Company operates online platforms for carpet sales and offer its customers a wide and relevant range of design and traditional carpets with home delivery to consumers in different parts of Europe. RugVista offers its EU based customers free deliveries and returns free of charge. The business is divided into three segments: Private consumers (B2C), Business consumers (B2B), and Marketplaces & Other (MPO). The B2C segment represents the consumer market and is RugVistaâs core segment.