Press releases

Regulatory

Rugvista Group AB (publ) – publishes Year-end Report for January–December 2023

Solid outcome despite a macroeconomically challenging year Fourth quarter Net revenue was SEK 233.3 (204.1) million, corresponding to an increase of 14.3% (-6.7%). Organic net revenue growth was 9.3% (-12.7%). The gross margin amounted to 60.3% (61.8%). Operating profit was SEK 29.4 (36.4) million, and the Operating margin was 12.6% (17.8%). The Profit for the period amounted to SEK 24.3 (29.2) million. Earnings per share before and after dilution were...

Rugvista enters into a lease agreement

Rugvista has signed a 9-year lease agreement with Catena regarding a new office- and logistics facility of 13,700 sq.m. The facility is being constructed by Catena in the Malmö Mellersta hamnen area, with Rugvista expected to move in by the summer of 2025. With the new premises, Rugvista will consolidate its headquarters, warehouses, and logistics under one roof, providing opportunities to streamline and optimize logistics, warehouse, and office...

Regulatory

Rugvista Group AB (publ) – Nomination Committee ahead of 2024 Annual General Meeting appointed

The Nomination Committee of Rugvista has been formed in accordance with the company’s instruction for the Nomination Committee as adopted by the Annual General Meeting. The Nomination Committee appointed for Rugvista’s 2024 Annual General Meeting has the following composition: Gunnar Mattsson (representative of madHat AB, and chairperson of the Nomination Committee) Carl Armfelt (representative of TIN Fonder) Martin Benckert (chairperson of...

Regulatory

Rugvista Group AB (publ) – publishes Interim Report for January–September 2023

Back to profitable organic growth Third quarter Net revenue amounted to SEK 159.6 million (127.9), equivalent to an increase of 24.7% (-9.3%). Organic net revenue growth was 14.1% (-12.7%). Gross margin was 62.7% (63.5%). Operating profit amounted to SEK 18.6 million (16.6), and the operating margin was 11.7% (13.0%). Profit for the period totaled SEK 15.2 million (13.0). Earnings per share before and after dilution were SEK 0.73 (0.63). The average NPS...

Regulatory

Rugvista Group AB (publ) – publishes Interim Report for January–June 2023

 August 17, 2023 Regulatory Continued good profitability and signs of increased demand Second quarter The net revenue amounted to SEK 129.1 (121.2) million, representing an increase of 6.5% (-13.8%). The organic net revenue growth was -1.5% (-15.6%) after adjusting for currency effects. The gross margin increased to 63.6% (60.1%). The operating profit significantly improved to SEK 11.8 (0.4) million, which consequently led to an increased...

Regulatory

Bulletin from Annual General Meeting 2023 of Rugvista Group AB (publ)

Resolutions at Annual General Meeting May 25, 2023 The Annual General Meeting of Rugvista Group AB (publ) was held today, Thursday May 25, 2023, at the company’s premises at Frihamnsallén 10 in Malmö. Shareholders also had the opportunity to exercise their voting rights by post before the General Meeting. At the Annual General Meeting, the following principal resolutions were passed. Adoption of income statements and balance sheets The...

Regulatory

RugVista Group AB (publ) – publishes Interim Report for January – March 2023

Good profitability and progress on strategic initiatives First quarter 2023 The net revenue was MSEK 180.3 (186.0), corresponding to a decrease of -3.1% (-9.1%) The organic net revenue growth was -8.1% (-12.3%) The gross margin increased slightly to 62.6% (62.3%) The EBIT improved to MSEK 25.7 (21.5) and the EBIT-margin also improved to 14.2% (11.6%) The profit for the period increased to MSEK 20.3 (16.8) The inventory value as a percentage of LTM net...

RugVista Group AB (publ) invitation to Rugvista’s Capital Markets Day

Rugvista welcomes investors, analysts, and financial media to a Capital Markets Day on May 25th, 2023. The Capital Markets Day will be held at our premises at Frihamnsallén 10, Malmö, with the possibility to participate digitally. Together with additional members of the company's management team, CEO Michael Lindskog will provide an update on Rugvista's current development and focus areas. Agenda for the day: Subject Presenter Presentation of Rugvista's...

Regulatory

Notice of Annual General Meeting in RugVista Group AB (publ)

The shareholders of Rugvista Group AB (publ), Reg. No. 559037-7882, are invited to attend the Annual General Meeting, to be held on Thursday May 25, 2023 at 14:30 at the company’s premises at Frihamnsallén 10 in Malmö, Sweden. Registration for the Annual General Meeting will commence at 14:00. The Board of Directors has decided that shareholders may exercise their voting rights at the Annual General Meeting also by postal voting in accordance with the...

Regulatory

RugVista Group AB (publ) publishes Annual and Sustainability Reports for January-December 2022

The Board and CEO hereby present the 2022 Annual and Sustainability Reports for Rugvista Group AB (publ). The Annual Report for 2022 includes the company’s Sustainability Report and the Corporate Governance Report. The reports will be available on the company’s website as of today: https://www.rugvistagroup.com/en/investors/reports-and-presentations/. Contact information Michael Lindskog, CEO Michael.Lindskog@rugvista.se Joakim Tuvner, CFO &...

Regulatory

Rugvista appoints Director of Performance Marketing

Rugvista Group AB (publ) today announces that the company has appointed Abdullatef Almalouhi as Director of Performance Marketing as of April 3. Director of Performance Marketing is a new role in the company and will be part of the executive management. Abdullatef Almalouhi has long experience from executive roles within performance marketing, most recently as Head of Digital Marketing at Pets Deli. Previous roles include Head of SEA at Rakuten. He holds...

Regulatory

Nomination Committee’s proposal regarding Board of Directors of RugVista Group AB (publ)

The Nomination Committee for Rugvista Group AB (publ) proposes the election of six Board members, with no deputies, for resolution at the Annual General Meeting (AGM). Martin Benckert, CEO of the company’s largest shareholder madHat AB is proposed as Chairperson of the Board.  Ebba Ljungerud, and Patrik Berntsson are proposed as new Board members.  Erik Lindgren, Eva Boding, and Paul Steene have declined re-election.  The re-election of...

Regulatory

RugVista Group AB (publ) publishes Year-end Report for January-December 2022

Malmö February 9, 2023 Continued good profitability despite a challenging market Fourth quarter 2022 Net revenue was SEK 204.1 (218.8) million representing a decrease of -6.7% (4.0%) Organic net revenue growth was -12.7% (7.0%) Gross margin was 61.8% (64.9%) EBIT was SEK 36.4 (40.3) million and EBIT margin was 17.8% (18.4%) Profit for the period was SEK 29.2 (31.2) million Earnings per share and per diluted share was SEK 1.40 (1.50) The average NPS (Net...

Rugvista develops its brand positioning and introduces the communication platform ”Set the Scene”

Rugvista continues to develop its brand positioning with the ambition to create long-term customer relationships and to attract additional customers in the company’s most important markets.  The brand position is founded on the key words “expertise”, “trustworthy”, and “convenience”.  The communication platform “Set the Scene” is the basis for Rugvista’s strategy, and an updated visual identity is the first step.  “To take the...

Regulatory

Nomination Committee RugVista Group AB (publ) appointed

The Nomination Committee of Rugvista Group AB (publ) (“Rugvista”) has been formed in accordance with the company’s “Instruction for the Nomination Committee” as adopted by the Annual General Meeting. The Nomination Committee appointed for Rugvista’s 2023 Annual General Meeting has the following composition: Gunnar Mattsson (representative of madHat AB, and chairperson of the Nomination Committee) Klara Hanzon...

Rugvista opens showroom in Emporia

Rugvista has today celebrated the inauguration of its first showroom in the Emporia shopping center in Malmö.  The store will be open at least until end of January 2023. With the store we can offer visitors the opportunity to explore Rugvista’s wide quality assortment of rugs by combining exhibition pieces with the possibility to place orders in the web-shop.  Orders placed will be delivered to the customer’s home free of...

Regulatory

RugVista Group AB (publ) interim report January – September 2022

Good profitability despite challenging market Third quarter 2022 Net revenue was SEK 127.9 (141.0) million representing a decrease of -9.3% (21.1%). Organic net revenue growth was -12.7% (29.6%). Gross margin was 63.5% (64.4%). EBIT was SEK 16.6 (22.9) million and EBIT margin was 13.0% (16.2%). Profit for the period was SEK 13.0 (17.9) million. Earnings per share and per diluted share was SEK 0.63 (0.86). The average NPS (Net Promotor Score) value was 72...

Regulatory

RugVista Group AB (publ) appoints Carnegie Investment Bank AB (publ) as liquidity provider

Rugvista Group AB (publ) (“Rugvista”) has appointed Carnegie Investment Bank AB (publ) (”Carnegie”) as liquidity provider for the company’s shares listed on Nasdaq First North Premier Growth Market. The arrangement is in accordance with the framework of Nasdaq Stockholm’s rules on liquidity providers. In the role of liquidity provider Carnegie undertakes to continuously quote prices for the Rugvista share in accordance...

Regulatory

RugVista appoints Joakim Tuvner as new CFO

Rugvista Group AB (publ) has appointed Joakim Tuvner as new Chief Financial Officer (CFO) for the Company and assumes his position in January 2023. Joakim Tuvner joins from Oatly where he has held the position Vice President Finance, EMEA. He has long experience from leadership positions within business and finance from both Swedish and international growth companies and retail businesses. Joakim holds a Degree of Master of Science in Business and...

RugVista to boost customer experience through partnership with delivery platform Ingrid

Rugvista has partnered with delivery experience platform Ingrid to give customers in key markets across Europe better access to preferred last-mile carrier options and to optimize the company’s logistics. “Rugvista constantly strives to deliver an outstanding customer experience and we know that providing popular delivery and return options in each local market is critical,” says Anders Matthiesen, Chief Operating Officer at Rugvista. “Teaming...

Regulatory

RugVista Group AB (publ) interim report January – June 2022

Continued challenging market conditions Second quarter 2022 Net revenue was SEK 121.2 (140.6) million representing a decrease of -13.8% (+13.2%). Organic net revenue growth was -15.6%. Gross margin decreased to 60.1% (64.1%). EBIT was SEK 0.4 (24.8) million and EBIT margin was 0.4% (17.6%). Profit for the period was SEK -0.1 (18.6) million. Earnings per share and per diluted share was SEK -0.01 (0.89). The average NPS (Net Promotor Score) value was 68...

Invitation to presentation of interim report on August 18, 2022

Rugvista Group AB (publ) will publish its Q2 2022 report on August 18, 2022, at 7:30 am CEST. The company will hold a conference call and an online presentation on the same day at 9:00 am CEST. CEO Michael Lindskog will present the interim report and the presentation will be held in English. The conference call will be broadcast live on the web via the link: https://tv.streamfabriken.com/rugvista-group-q2-2022 Telephone number for the conference call is:...

RugVista strengthens sustainability work through membership in Textile Exchange

Rugvista today announced that the company has become a member of Textile Exchange, a global non-profit organization that works to reduce the textile industry's environmental impact. Rugvista has, as previously announced, also had the company's climate goals approved by the Science Based Target initiative. These memberships are an important part of achieving Rugvista's sustainability goals of reducing the company's greenhouse gas emissions by 50% and...

RugVista summer greeting

Rugvista highly values the relationship with its shareholders and has today sent out a shareholder note wishing shareholders a happy summer and highlighting some previously disclosed information. A convenience translation of the Swedish original letter is included below. ___________ July 5, 2022, Limhamn Dear shareholder,   First, I would like to say thank you for the trust shown by investing in Rugvista, and also from all of us at Rugvista wish you...

RugVista launches shareholder discount on the full assortment

Rugvista Group AB (publ) introduces shareholder benefit in form of an all-year-round discount of 15 percent for its shareholders on all rugs and carpets in the company’s web-shops. The shareholder discount applies to everyone who owns at least one Rugvista share. “We are happy to announce this discount and welcome all our shareholders to explore and discover our extensive assortment of rugs and carpets including our Rugvista Essentials collection...

Regulatory

Bulletin from Annual General Meeting 2022 of RugVista Group AB (publ)

Resolutions at Annual General Meeting 20 May 2022 The Annual General Meeting of Rugvista Group AB (publ) was held today, Friday 20 May 2022, at the company’s premises at Frihamnsallén 10 in Malmö. Shareholders also had the opportunity to exercise their voting rights by post before the General Meeting. At the Annual General Meeting, the following principal resolutions were passed. Adoption of income statements and balance sheets The...

Regulatory

RugVista Group AB (publ) interim report January – March 2022

Good profitability despite challenging market conditions First quarter 2022 highlights Net revenue was SEK 186.0 (204.5) million representing a growth of -9.1% (+84.8%). Organic net revenue growth was -12.3%. Gross margin decreased to 62.3% (64.9%). EBIT was SEK 21.5 (39.7) million and EBIT margin was 11.6% (19.4%). Adjusted EBIT was SEK 21.5 (49.6) million corresponding to an adjusted EBIT margin of 11.6% (24.2%). Profit for the period was SEK 16.8...

Regulatory

CFO Henrik Bo Jørgensen to leave RugVista

Henrik Bo Jørgensen, CFO för Rugvista Group AB (publ) has announced that he has decided to leave Rugvista. Henrik Bo Jørgensen will continue as CFO until July, 2022. “I am sad to see Henrik leave, and I want to thank him for his commitment and contribution during his time at Rugvista. We wish him all the best moving forward”, says Michael Lindskog, CEO of Rugvista. The recruitment process for a new CFO will be initiated...

Regulatory

Notice of Annual General Meeting in RugVista Group AB (publ)

The shareholders of Rugvista Group AB (publ), Reg. No. 559037-7882, are invited to attend the Annual General Meeting, to be held on Friday, 20 May 2022 at 2:00 p.m. at the company’s premises at Frihamnsallén 10 in Malmö, Sweden. Registration for the Annual General Meeting will commence at 1:30 p.m. The Board of Directors has decided that shareholders may exercise their voting rights at the Annual General Meeting also by postal voting in accordance...

Regulatory

RugVista Group publishes 2021 Annual and Sustainability Report

The Board and CEO hereby present the 2021 Annual and Sustainability Report for Rugvista Group AB (publ) Rugvista Group’s Annual Report for 2021 includes the company’s Sustainability Report and the Corporate Governance Report. The report will be available as of today on the company’s corporate website: https://www.rugvistagroup.com/en/investors/reports-and-presentations/ Contact information Michael...

RugVista nominated for e-commerce player of the year 2022

Rugvista is nominated for “e-commerce player of the year 2022” also known as “D-Award 2022”.  The Swedish Digital Trade association (Svensk Digital Handel) nominates three companies who have contributed the most to drive the digital commerce forward during the year.  The winner of the D-Award prize will be announced at the D-Congress on April 28 which is being held at the Swedish Exhibition & Congress Centre in...

Regulatory

RugVista Group AB (publ) year-end report 2021

Outstanding full-year financial performance Fourth quarter 2021 highlights Net revenue was SEK 218.8 (210.5) million representing a growth of 4.0% (55.3%). Organic net revenue growth was 7.0%. Gross margin increased to 64.9% (61.2%). EBIT was SEK 40.3 (39.1) million and EBIT margin was 18.4% (18.6%). Profit for the period was SEK 31.2 (30.4) million. Earnings per share and per diluted share was SEK 1.50 (1.50) and 1.50 (1.46), respectively. The average...

Invitation to presentation of RugVista Group’s year-end report 2021 on February 17

Rugvista Group will publish its year-end report 2021 on February 17, 2022, at 07:30 am CET. The company will hold a conference call and an online presentation on the same day at 10:00 am CET. The call will be hosted by CEO Michael Lindskog and CFO Henrik Bo Jørgensen. The presentation is in English and is followed by a question-and-answer session. The conference call will be broadcast live on the web via the...

RugVista Group AB (publ) appoints Peter Rosenfors as Chief Technology Officer

Rugvista Group has appointed Peter Rosenfors as the new Chief Technology Officer (CTO) as of December 1, 2021, following Ludvig Friberger’s decision to step back from daily operations and focus on his role as a member of Rugvista Group’s Board of Directors. Peter Rosenfors, who joined Rugvista in September, has almost 20 years of experience from technology, technical strategy, roadmap and architecture and leadership. Most recently, he joins from CDON...

Regulatory

Nomination Committee RugVista Group AB (publ) appointed

The Nomination Committee of Rugvista Group AB (publ) (“Rugvista”) has been formed in accordance with the company’s “Instruction for appointing the Nomination Committee” as adopted by the Annual General Meeting. The Nomination Committee appointed for Rugvista’s 2022 Annual General Meeting has the following composition: Andreas Nyberg (representative of Litorina IV L.P) Klara Tersman (representative of TIN Fonder) Erik...

Regulatory

RugVista Group AB (publ) interim report January – September 2021

Strong growth and solid profitability Third quarter 2021 highlights Net revenue was SEK 141.0 (116.4) million representing a growth of 21.1% (20.7%). Organic net revenue growth was 29.6%. Gross margin increased to 64.4% (63.2%). EBIT was SEK 22.9 (24.4) million and EBIT margin was 16.2% (21.0%). Profit for the period was SEK 17.9 (18.8) million. Earnings per share was SEK 0.86 (0.93). The average NPS (Net Promotor Score) value was 66 (67). January –...

Invitation to presentation of RugVista Group’s January – September interim report on November 11

Rugvista Group AB (publ) will publish its Q3 2021 report on November 11, 2021, at 07:30 am CET.  The company will hold a conference call and an online presentation on the same day at 08:30 am CET.  The call will be hosted by CEO Michael Lindskog and CFO Henrik Bo Jørgensen.  The presentation will be in English. The conference call will be broadcast live on the web via the link: https://tv.streamfabriken.com/rugvista-group-q3-2021...

RugVista Appoints Anders Matthiesen as Chief Operating Officer

Rugvista Group AB announced today the appointment of Anders Matthiesen as Chief Operating Officer and he will join the company’s management team once he starts on October 4th.   Anders Matthiesen has spent the past 10+ years driving operational efficiencies and enhanced user experiences across a range of industries such as oil & energy, financial services, and consumer goods.  He joins from the global jewelry brand Pandora where he...

RugVista appoints Peter Rosenfors as Head of Technology

Rugvista Group AB announced today the appointment of Peter Rosenfors as Head of Technology. Peter will also join the company’s management team once he starts on September 20th.  Peter Rosenfors has almost 20 years of experience in various technical roles. Most recently, he joins from CDON where he was Chief Technology Officer with responsibility for the technology behind the marketplace platform, technical strategy, roadmap, and architecture....

Invitation to presentation of RugVista’s Q2 report on August 26

Rugvista Group AB (publ) will publish its Q2 2021 report on August 26, 2021, at 07.30 am CEST. The company will hold a conference call and an online presentation on the same day at 09.00 am CEST. The call will be hosted by CEO Michael Lindskog and CFO Henrik Bo Jørgensen. The presentation will be in English. The conference call will be broadcast live on the web via the link: https://tv.streamfabriken.com/rugvista-group-q2-2021 Telephone number for the...

Regulatory

Exercise of over-allotment option and end of stabilization period

NOT FOR DISTRIBUTION OR PUBLICATION , DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, HONG KONG, CANADA, NEW ZEALAND, JAPAN, SWITZERLAND OR SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH THE PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL OR REQUIRE FURTHER REGISTRATION MEASURES. PLEASE SEE “IMPORTANT INFORMATION” AT THE END OF THE PRESS RELEASE

Regulatory

Stabilization notice

NOT FOR DISTRIBUTION OR PUBLICATION , DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, HONG KONG, CANADA, NEW ZEALAND, JAPAN, SWITZERLAND OR SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH THE PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL OR REQUIRE FURTHER REGISTRATION MEASURES. PLEASE SEE “IMPORTANT INFORMATION” AT THE END OF THE PRESS RELEASE

Regulatory

First day of trading in RugVista Group AB’s shares on Nasdaq First North Premier Growth Market

 NOT FOR DISTRIBUTION OR PUBLICATION , DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, HONG KONG, CANADA, NEW ZEALAND, JAPAN, SWITZERLAND OR SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH THE PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL OR REQUIRE FURTHER REGISTRATION MEASURES. PLEASE SEE “IMPORTANT INFORMATION” AT THE END OF THE PRESS RELEASE 

Regulatory

RugVista Group AB (publ) publishes prospectus for its initial public offering on Nasdaq First North Premier Growth Market

NOT FOR DISTRIBUTION OR PUBLICATION , DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, HONG KONG, CANADA, NEW ZEALAND, JAPAN, SWITZERLAND OR SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH THE PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL OR REQUIRE FURTHER REGISTRATION MEASURES. PLEASE SEE “IMPORTANT INFORMATION” AT THE END OF THE PRESS RELEASE

Regulatory

RugVista Group AB (publ) intends to list its shares on Nasdaq First North Premier Growth Market

NOT FOR DISTRIBUTION OR PUBLICATION , DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, HONG KONG, CANADA, NEW ZEALAND, JAPAN, SWITZERLAND OR SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH THE PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL OR REQUIRE FURTHER REGISTRATION MEASURES. PLEASE SEE “IMPORTANT INFORMATION” AT THE END OF THE PRESS RELEASE.