RVRC (RVRC) investor relations material

Executive summary

• Achieved 6% sales growth in local currencies and 5% in SEK for the full year, with net sales reaching SEK 1,925 million, outperforming market growth in most regions, especially Nordics and DACH, despite adverse currency effects and a tough macro environment.

• Maintained industry-leading profitability and strong financial position, supported by a direct-to-consumer model and high customer engagement.

• Board proposes a dividend of SEK 1.35 per share, up 12.5–13% from last year, marking annual increases since IPO.

• Continued expansion in key markets, with strong growth in the Nordics and DACH regions and new physical store openings.

• Entered the new financial year with local currency sales up 10% quarter-to-date compared to the same period last year.

Financial highlights

• Q4 net sales were SEK 405 million, flat in SEK but up 4% in local currencies; full-year net sales reached SEK 1,925 million, up 6% in local currencies.

• Q4 gross profit was SEK 281 million, gross margin 69.4% (down from 71.9%); full-year gross profit was SEK 1,344 million, gross margin 69.8% (down from 71.3%).

• Q4 EBIT and adjusted EBIT were SEK 63 million, EBIT margin 15.5% (down from 18.3%); full-year adjusted EBIT was SEK 383 million, margin 19.9%.

• Net cash position at year-end was SEK 177 million, with an undrawn credit facility of SEK 600 million.

• Inventory at year-end: SEK 521 million, expected to decrease gradually.

Outlook and guidance

• Early Q1 of the new financial year shows sales growth in local currencies of around 10% year-over-year.

• Market environment remains uncertain, but the company is well-prepared with strong margins, solid financials, and a loyal customer base.

• Gradual improvement in FX impact expected as inventory turns over, with benefits from a stronger SEK vs. USD and EUR anticipated over coming quarters.

• No formal forecast provided; focus remains on high growth and profitability in existing and new markets.