Everysport Group (publ) publishes Interim Report for Q1 2023: Profitable core business, lower net sales due to reduced padel portfolio
Summary of the first quarter 2023:
- Net sales SEK 43.5 million (50.3)
- Adjusted EBITDA SEK 3.6 million (5.6)
- EBITDA SEK 4.4 million (5.6)
- Adjusted EBIT SEK -3.9 million (-5.6)
- Profit after financial items SEK -7.6 million (-7.4)
- Earnings per share -1.30 SEK (-1.10)
“The business area Everysport Media reports a strong beginning of the year with increased net sales, positive EBIT and profit contribution. The strategically important B2C revenues increased by more than 20 percent as a result of once again breaking the record number of monthly subscribers in combination with price adjustments. In Q1, we continued to execute on the strategic review of the padel portfolio and significantly reduced the number of facilities, which enables continued investments in the core business. The Group's results are affected by non-recurring effects totaling SEK 2.3 million attributable to Every Padel.”
Any questions answered by:
Hannes Andersson, CEO, Everysport Group AB, tel: +46 70 736 56 25
e-mail: hannes.andersson@everysport.com
About Everysport Group
Everysport Group AB (publ) is a group operating in sports. Everysport is divided into two business areas: Everysport Media and Every Padel. Everysport Media owns and develops digital platforms and services in sports, and the Every Padel business area operates in the fast-growing sport of padel. The group has a total of about 130 employees. The head office is located in Stockholm, and the company also has offices in Norway and the US. The group is listed on the Spotlight Stock Market (EVERY).
This disclosure contains information that Everysport Group AB is obliged to make public pursuant to the EU Market Abuse Regulation (EU nr 596/2014). The information was submitted for publication, through the agency of the contact person, on 04-05-2023 08:00 CET.