Malmö
Continued good profitability despite a challenging market
Fourth quarter 2022
- Net revenue was
SEK 204.1 (218.8) million representing a decrease of -6.7% (4.0%) - Organic net revenue growth was -12.7% (7.0%)
- Gross margin was 61.8%% (64.9%)
-
EBIT was
SEK 36.4 (40.3) million and EBIT margin was 17.8% (18.4%) -
Profit for the period was
SEK 29.2 (31.2) million -
Earnings per share and per diluted share was
SEK 1.40 (1.50) -
The average NPS (
Net Promotor Score ) value was 64 (67)
January - December 2022
- Net revenue was
SEK 639.3 (705.0) million representing a decrease of -9.3% (25.5%) - Organic net revenue growth was -13.1% (34.0%)
- Gross margin was 62.0% (64.6%)
-
EBIT was
SEK 74.9 (127.7) million and EBIT margin was 11.7% (18.1%) -
Profit for the period was
SEK 58.9 (99.9) million -
Earnings per share and per diluted share was
SEK 2.83 (4.80) -
Net cash position was
SEK 111.8 (189.6) million -
The average NPS (
Net Promotor Score ) value was 68 (67) - Inventory as a share of last-twelve-month (LTM) net revenue was 27.3% (20.8%)
- Average return rate was 15.5% (16.0%) for the year
-
The Board of Directors proposes a dividend payout of
SEK 1.50 (2.50) per share
Comments from Michael Lindskog, CEO
"EBIT for Q4 was
"For 2022 we can look back at several successes related to our strategic initiatives."
"The Board of Directors proposes a dividend payout of
"During 2022 we saw proof of the strength in our Direct-to-Consumer (DTC) business model. Largely because of it, we were able to successfully navigate the market conditions and deliver good profitability."
"2023 will give us new opportunities and challenges. We are well prepared and eager to take these on. I am convinced that we will continue to make progress on our journey toward the vision of becoming the center of gravity for the European rug industry and delivering on our mid- to long-term financial targets and sustainability ambitions."
Conference call in connection with the publication of the Year-end Report
In connection with the publication of the year-end report for January -
Conference call (with possibility to ask verbal questions): Following registration via the link below you will receive call-in details (phone number and conference-ID). https://conference.financialhearings.com/teleconference/?id=5005162
Webcast (with possibility to ask written questions): https://ir.financialhearings.com/rugvista-group-q4-2022.
The conference call can also be joined through the Group's website: https://www.rugvistagroup.com/se/investors/Q422/
The year-end report and the presentation are available at: https://www.Rugvistagroup.com/sv/investerare/rapporter-och-presentationer/
Contact information
Michael.Lindskog@rugvista.se
Joakim Tuvner, CFO & Investor Relations
Joakim.Tuvner@rugvista.se
InvestorRelations@rugvistagroup.com
This report includes information that
Certified advisor
Box 5216
Nybrogatan 34
SE 102 45 Stockholm
info@fnca.se
About
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
Number of coworkers within
https://news.cision.com/rugvista/r/rugvista-group-ab--publ--publishes-year-end-report-for-january-december-2022,c3711512
https://mb.cision.com/Main/20069/3711512/1836421.pdf
https://mb.cision.com/Public/20069/3711512/bd4542125bce8622.pdf
(c) 2023 Cision. All rights reserved., source