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Everysport Group (publ) publishes interim report for Q2 2024: Strong quarter for Elite Prospects — exceeds 25,000 subscribers

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Summary Q2 2024 (compared to Q2 2023)

  • The Group's net sales amounted to SEK 20.8 million (37.8), excluding divested operations, net sales increased 14 percent to SEK 20.8 million (18.2).
  • Net sales for business area Elite Prospect increased by 29 percent to SEK 11.3 million (8.7). Monthly recurring subscription revenue (MRR) increased by 20 percent to SEK 2.4 million (2.0).
  • Net sales for business area Everysport amounted to SEK 6.7 million (27.6), of which SEK 0.0 million (19.6) relates to divested operations.
  • The Group's adjusted operating result, EBITDA, was SEK -0.8 million (2.7).
  • The Group's operating result, EBITDA, was SEK -1.7 million (2.7).
  • The Group's adjusted operating profit after depreciation and amortization, EBIT, was SEK -1.6 million (-3.5).
  • The Group's operating result, EBIT, was SEK -2.5 million (-10.0).
  • The Group's profit after financial items was SEK -0.5 million (-10.0).
  • Earnings per share were SEK -0.06 (-1.65).

Summary first half of 2024 (compared to first half of 2023)

  • The Group’s net sales amounted to SEK 44.5 million (81.3). Excluding the divested businesses, net sales increased by 17 percent to SEK 40.1 million (34.3).
  • Net sales for business area Elite Prospect increased by 34 percent to SEK 22.3 million (16.6). Annual recurring subscription revenue (ARR) increased by 20 percent to SEK 28.8 million (24.0).
  • Net sales for business area Everysport amounted to SEK 17.5 million (61.7), of which SEK 4.3 million (47.0) related to divested operations.
  • The Group's adjusted operating profit, EBITDA, was SEK -1.2 million (7.9).
  • The Group's operating profit, EBITDA, was SEK 3.7 million (7.0).
  • The Group's adjusted operating profit after depreciation and amortization, EBIT, was SEK -4.4 million (-7.4).
  • The Group's operating result, EBIT, was SEK -1.1 million (-16.2).
  • The Group’s profit after financial items was SEK -1.3 million (-17.6).
  • Earnings per share were SEK -0.20 (-2.95).

“Everysport Group continues to show strong growth, with net sales in the second quarter up 14 percent to SEK 20.8 million, adjusted for divested operations. Elite Prospects grew 29 percent to SEK 11.3 million, exceeding 25,000 paying subscribers and recorded the strongest subscriber growth ever in a single month in June. The growth in the quarter is a result of our long-term strategy to focus on digital and scalable products. The positive development now allows us to increase our investments to further accelerate our expansion.” extract from Hannes Andersson’s CEO statement

For more information, please contact:
Hannes Andersson, CEO, Everysport Group AB
Phone: +46 70 736 56 25
E-mail: hannes.andersson@everysport.com

About Everysport Group (publ)
Everysport Group is a leading Swedish company that develops digital platforms and services within sports tech and sports media. The Group's flagship product, Elite Prospects, is a globally leading hockey platform with over 25,000 paying subscribers and 1.5 million unique visitors per week. Everysport Group is headquartered in Stockholm with a local presence in the US. The Group is listed on Spotlight Stock Market with the ticker "EVERY".

For more information, please visit www.everysportgroup.com

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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 25-07-2024 08:00 CET.

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