Rugvista Group AB Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 10, 2022 at 06:30 am
Share
Rugvista Group AB (publ) reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was SEK 127.94 million compared to SEK 141.03 million a year ago. Revenue was SEK 128.4 million compared to SEK 141.39 million a year ago. Net income was SEK 13.02 million compared to SEK 17.88 million a year ago. Basic earnings per share from continuing operations was SEK 0.63 compared to SEK 0.86 a year ago. Diluted earnings per share from continuing operations was SEK 0.63 compared to SEK 0.86 a year ago.
For the nine months, sales was SEK 435.14 million compared to SEK 486.18 million a year ago. Revenue was SEK 436.45 million compared to SEK 487.37 million a year ago. Net income was SEK 29.71 million compared to SEK 68.66 million a year ago. Basic earnings per share from continuing operations was SEK 1.43 compared to SEK 3.3 a year ago. Diluted earnings per share from continuing operations was SEK 1.43 compared to SEK 3.3 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.
RUGVISTA GROUP AB 
