Rugvista hereby announces a change in the management team where CDPO (Chief Design and Purchasing Officer) Carin Terins leaves Carin Terins joined Rugvista in 2018 and has as CDPO been responsible for Rugvista’s design- and purchase function. Carin Terins has announced that she has decided to leave Rugvista. Carin will continue in duty until June 2024 after which the CEO will assume the operational responsibility for the assortment- and purchase...
Strategic achievements in a challenging market First quarter The net revenue amounted to MSEK 176.1 (180.6), corresponding to a decrease of -2.4% (-3.1%). Organic net revenue growth was -3.5% (-8.1%). The gross margin reached 61.6% (62.6%). The operating profit amounted to MSEK 20.0 (25.7), and the operating margin was 11.4% (14.2%). The profit for the period totaled MSEK 17.2 (20.3). Inventory as a percentage of net revenue (rolling twelve months) was...
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...