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 23, 2024 at 14:00 at the company’s premises at Ringugnsgatan 11 in Malmö, Sweden. Registration for the Annual General Meeting will commence at 13:30. 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...
The Board and CEO hereby present the 2023 Annual and Sustainability Reports for Rugvista Group AB (publ). The Annual Report for 2023 includes the company’s Sustainability Report and the Corporate Governance Report. The reports will be available on the company’s website as of today: www.rugvistagroup.com/en/investors/reports-and-presentations/. Contact information Michael Lindskog, CEO
Michael.Lindskog@rugvista.com Joakim Tuvner,...
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...
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...
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...
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...
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...
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...
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...
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 &...
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...
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...
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...
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...
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...
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...
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...
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 –...
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