Press releases

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...

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 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...

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...

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...

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 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...

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...

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 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 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 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...

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...

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...

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...

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...

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 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...

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...

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...

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...

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 –...

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 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 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....

Continued growth in-line with long-term financial target

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...

Strong start to the new year