RVRC (RVRC) Q4 24/25 earnings summary

Executive summary

• Achieved continued growth and maintained high profitability in a challenging market, with strengthened positions in key regions and a solid financial position.

• Net sales for the full year increased by 6% in local currencies (5% in SEK) to SEK 1,925 million, with growth across all regions, especially strong in Austria, Switzerland, and the UK.

• D2C business model and international presence in 40 countries support industry-leading margins.

• Opened first physical outlet and planning a brand store in Stockholm, complementing digital-first strategy.

• Board proposes a dividend of SEK 1.35 per share, marking an increase every year since the IPO.

Financial highlights

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

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

• Q4 EBIT was SEK 63 million (margin 15.5% vs. 18.3% last year); full-year adjusted EBIT was SEK 383 million (margin 19.9% vs. 21.1%).

• Net cash position at year-end was SEK 177 million; unused credit facility of SEK 600 million.

• Dividend of SEK 1.35 per share proposed, up 12.5–13% from last year.

Outlook and guidance

• Market environment remains challenging, but company is well prepared with strong margins and financial position.

• Early Q1 sales up around 10% in local currencies year-over-year.

• No major CapEx investments planned in the near future.

• New financial targets: annual growth of 20% and adjusted EBIT margin of 20% for 2024/25–2026/27.