Sleep Cycle interim report January-March 2024: Increased underlying growth and new strategy
Gothenburg, Sweden — 3 May, 2024The first quarter in summary (January-March 2024) · Net sales totaled tSEK 63,457 (56,162) and increased by 13.0% (12.8%). Currency-adjusted net sales growth amounted to 11.1% (3.0%). · Operating profit amounted to tSEK 13,843 (10,914), with an operating margin of 21.8% (19.4%). · Adjusted operating profit totaled tSEK 19,599 (11,212) and adjusted operating margin was 30.9% (20.0%). · The total number of paying subscribers at end of period was 893k (881k). · ARPU in the quarter totaled SEK 276 (251). Currency-adjusted ARPU totaled SEK 271 (