RVRC (RVRC) Q4 25/26 earnings summary

Executive summary

• Achieved net sales of SEK 414m in Q4 2025/26, up 3% in local currencies year-over-year; full-year net sales reached SEK 2,018m, up 8% in local currencies year-over-year.

• Gross margin reached 72.2% in Q4 and 70.5% for the full year, reflecting industry-leading profitability.

• Adjusted EBIT for Q4 was SEK 66m (15.9% margin); full-year adjusted EBIT was SEK 425m (21.0% margin).

• Strong financial position with SEK 328m in cash and an undrawn SEK 600m credit facility as of June 30, 2026.

• Acquisition of 90.1% of ICIW, a profitable sportswear brand, for SEK 700m initial enterprise value, with consolidation from July.

Financial highlights

• Q4 net sales grew 3% in local currencies (2% in SEK) year-over-year; full-year net sales grew 8% in local currencies (5% in SEK).

• Gross profit in Q4 was SEK 299m, up 6% year-over-year; full-year gross profit was SEK 1,423m, up 6%.

• Q4 EBIT was SEK 66m (15.9% margin); full-year EBIT was SEK 422m (20.9% margin). Adjusted full-year EBIT was SEK 425m (21.0% margin).

• Q4 EPS was SEK 0.49; full-year EPS was SEK 3.10 (before dilution).

• Dividend of SEK 1.50 per share proposed, totaling SEK 161m (48.1% of net profit).

Outlook and guidance

• Inventory well positioned for the autumn and winter season.

• Combined net sales of SEK 2.5bn and adjusted EBIT close to SEK 500m expected with ICIW consolidation.

• ICIW to operate independently, with growth support, especially in DACH; consolidation from July 2026.

• Continued sales growth in local currencies noted in July (pro forma).

• No formal forecast provided.