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Everysport Group (publ) publishes interim report for Q3 2023: Strengthened balance sheet and position for long-term growth

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Summary of the third quarter 2023:

  • Net sales SEK 36.5 million (43.3)
  • Adjusted EBITDA SEK 3.2 million (3.2)
  • EBITDA SEK 43.1 million (3.2)
  • Adjusted EBIT SEK -2.8 million (-10.7)
  • Profit after financial items SEK 17.4 million (-12.6)
  • Earnings per share SEK 2.81 (-1.73)

Summary January to September 2023:

  • Net sales SEK 117.8 million (141.0)
  • Adjusted EBITDA SEK 11.2 million (10.0)
  • EBITDA SEK 50.2 million (10.0)
  • Adjusted EBIT SEK -10.2 million (-27.1)
  • Result after financial items SEK -0.2 million (-32.7)
  • Earnings per share SEK -0.06 (-4.96)

"The business activity remains high. In line with our increased focus on sports tech and sports data, we divested our horse racing and betting operations in October. This week, we were also able to report positive results from the ongoing strategic review of Every Padel. With these transactions in mind, we have significantly improved Everysport's financial position and thus, repositioned the company for long-term growth. In this journey, Elite Prospects will continue to play an important strategic role. Increased revenues and a record number of subscribers on the hockey platform makes us excited about the future." 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 Swedish sports tech and media Group that owns, operates, and develops digital platforms. The Group's best known brand is Elite Prospects, the world's largest ice hockey platform with approximately 20 thousand paying subscribers, over 300 thousand members and 1.5 million unique visitors per week. Everysport Group's headquarter is located in Stockholm, with a local presence in the US. The company is listed on the Spotlight Stock Market under the ticker 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 09-11-2023 08:00 CET.

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