Sleep Cycle year-end report 2023: Continued subscription growth sums up a strong full year
Gothenburg, Sweden — 8 February, 2024The fourth quarter in summary (October-December 2023) · Net sales totaled tSEK 61,254 (55,405) and increased by 10.6% (16.1%). Currency-adjusted net sales growth amounted to 5.7% (8.6%). · Operating profit amounted to tSEK 12,689 (4,549), with an operating margin of 20.7% (8.2%). Operating profit was affected by a non-cash impairment loss of tSEK 6,341. Excluding impairment, the margin was 31.1%. · Adjusted operating profit totaled tSEK 12,689 (7,351) and adjusted operating margin was 20.7% (13.3%). · The total number of paying subscribers