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...
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...
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...
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...
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...