RVRC Holding AB
STO:RVRC
RVRC Holding AB
RVRC Holding AB provides outdoor apparel. The company is headquartered in Boras, Vastra Gotalands and currently employs 129 full-time employees. The company went IPO on 2021-06-16. The firm owns and manages shares in subsidiaries and conducts sales of outdoor and leisure clothing as well as associated products and related activities. RevolutionRace group is outdoor company that offers multifunctional products including clothing, shoes, backpacks and accessories for people with an active lifestyle. The firm offers its multi-functional clothing under its own RevolutionRace brand and targets a global and broad customer base that lives an active life mainly in the age category between 18 and 70 years. RevolutionRace conducts its business within the framework of a digital D2C2) business model, which means that the sale takes place exclusively online and is aimed directly at consumers. The firm reaches out to customers in more than 35 countries via 18 online stores.
RVRC Holding AB provides outdoor apparel. The company is headquartered in Boras, Vastra Gotalands and currently employs 129 full-time employees. The company went IPO on 2021-06-16. The firm owns and manages shares in subsidiaries and conducts sales of outdoor and leisure clothing as well as associated products and related activities. RevolutionRace group is outdoor company that offers multifunctional products including clothing, shoes, backpacks and accessories for people with an active lifestyle. The firm offers its multi-functional clothing under its own RevolutionRace brand and targets a global and broad customer base that lives an active life mainly in the age category between 18 and 70 years. RevolutionRace conducts its business within the framework of a digital D2C2) business model, which means that the sale takes place exclusively online and is aimed directly at consumers. The firm reaches out to customers in more than 35 countries via 18 online stores.
Record Sales: RevolutionRace delivered record net sales of SEK 726 million in Q2, up 11% in local currencies, reaching SEK 2 billion in rolling 12-month sales for the first time.
Strong Profitability: Adjusted EBIT grew to SEK 180 million, with an adjusted EBIT margin of 24.8%. Gross margin remained high at 69.8%.
Challenging Currencies: Earnings and margins were negatively impacted by currency effects, particularly due to a stronger Swedish krona.
Regional Outperformance: The DACH region led growth (Germany up 11%, Austria and Switzerland above 20%), with Sweden and the rest of the world also growing despite weak market conditions.
Solid Cash Flow: Cash flow from operations was robust at SEK 360 million, supporting a strong net cash position and continued dividends/share buybacks.
Inventory Reduction: Inventory levels decreased 17% year-on-year, now considered well-optimized.
No Guidance: Management did not provide formal guidance but indicated continued growth into January and a focus on balancing growth and profitability.
