RVRC (RVRC) Q3 25/26 earnings summary

Executive summary

• Net sales for Q3 2025 reached SEK 487 million, flat in SEK but up 5% in local currencies year-over-year, with continued market share gains despite uncertain conditions.

• EBIT for Q3 was SEK 105 million, up 31% year-over-year, with a margin of 21.4%, maintaining industry-leading profitability.

• Gross margin improved to 71.0% from 69.4% last year, driven by currency effects and product mix.

• Strong net cash position of SEK 351 million and undrawn SEK 600 million credit facility.

• Completed successful relocation to a new automated logistics center in Sweden, enabling higher future volumes with minimal disruption.

Financial highlights

• Rolling twelve-month net sales exceeded SEK 2 billion.

• Gross profit in Q3 was SEK 345 million, with gross margin at 71.0% (up from 69.4%).

• Adjusted EBIT for Q3 was SEK 105 million (21.4% margin), up from SEK 101 million (20.8%) last year.

• Cash flow from operating activities was SEK 18 million, a significant improvement from SEK -110 million last year.

• Inventory decreased to SEK 409 million from SEK 543 million year-over-year, supporting improved working capital.

Outlook and guidance

• Management expects continued positive gross margin development, supported by favorable FX and product mix.

• Continued sales growth observed in early April, with management confident in ongoing profitable growth.

• Inventory levels are expected to increase ahead of peak season to support availability.

• Financial targets: 20% annual growth and adjusted EBIT margin of 20% through FY 2026/27.