Everysport Group changes accounting standard to K3

Everysport Group (“Everysport” or the “Company”) today announces that the Board of Directors has decided to change the accounting standard from the international accounting standard IFRS to the Swedish K3 regulations. 

The preparatory work has been completed and the final step of the transition is underway in order to be able to present the year-end report for 2024 in accordance with K3. The changeover has a negative effect on earnings of SEK 6.5 million, which is due to the restatement of previous periods.

Primarily, goodwill will be amortized on a straight-line basis over five years according to K3. The change in accounting standard is part of Everysport's strategic work to optimize resources and adapt the business to the current Group structure.

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 26,000 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

Interested in news and financial information from Everysport Group? Subscribe here.