RVRC (RVRC) investor relations material

Executive summary

• Net sales for Q1 reached SEK 392 million, up 15% in local currencies and 12% in SEK year-over-year, with growth across all regions and the DACH region contributing 55% of net sales.

• EBIT rose 31% to SEK 75 million, with an EBIT margin of 19% (up from 16.3% last year), and profit for the period was SEK 58 million, up 28% year-over-year.

• The company maintains a strong net cash position of SEK 163 million and an undrawn SEK 600 million credit facility.

• Inventory increased seasonally to SEK 586 million, with SEK 500 million in sellable goods, and is expected to decrease over the year.

• Continued share repurchase program, buying back SEK 32 million in shares during the quarter; total repurchased shares now 3.8 million, with a proposal to cancel all repurchased shares.

Financial highlights

• Gross profit for Q1 was SEK 273 million, up 11% from SEK 245 million last year, with a gross margin of 69.6% (down from 70% last year, mainly due to currency effects).

• EBIT margin improved to 19% from 16.3% year-over-year.

• Cash flow from operating activities was SEK 27 million, a significant improvement from SEK -82 million last year.

• Net working capital stood at SEK 296 million (down from SEK 318 million year-over-year).

• Earnings per share before and after dilution were SEK 0.53, up 33%.

Outlook and guidance

• Entering the seasonally strongest period with well-prepared inventory and continued sales growth at the start of Q2.

• No formal forecast is provided, but financial targets include 20% annual growth and a 20% adjusted EBIT margin through 2026/27.

• Inventory expected to gradually decrease during the current financial year.