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Everysport Group publishes Interim Report for Q3 2024: Elite Prospects drives progress towards profitable growth

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Summary Q3 2024 (compared to Q3 2023) 

  • The Group's net sales amounted to SEK 19.1 million (36.5). Excluding divested operations, net sales increased by 1 percent to SEK 19.1 million (18.9).
  • Business area Elite Prospect:
    • Net sales increased by 23 percent to SEK 10.5 million (8.5).
    • Monthly recurring subscription revenue (MRR) increased by 11 percent to SEK 2.4 million (2.1).
    • Annual recurring subscription revenue (ARR) calculated as of the end of September increased by 20 percent to SEK 28.8 million (24.0).
  • The Everysport business area's net sales amounted to SEK 6.2 million (26.5), of which SEK 17.6 million relates to divested operations in the comparison period.
  • The Group's adjusted operating result, EBITDA, was SEK 0.9 million (2.4).
  • The Group's operating result, EBITDA, was SEK 0.6 million (43.1).
  • The Group's adjusted operating profit after depreciation and amortization, EBIT, was SEK 0.0 million (-2.8).
  • The Group's operating result, EBIT, was SEK -0.3 million (18.7).
  • The Group's profit after financial items was SEK -0.5 million (17.4).
  • Earnings per share were SEK -0.08 (2.81). 

Summary January - September 2024 (compared to January - September 2023) 

  • The Group's net sales amounted to SEK 63.5 million (117.8). Excluding divested operations, net sales increased by 11 percent to SEK 59.2 million (53.2).
  • The Elite Prospects business area's net sales increased by 30 percent to SEK 32.8 million (25.2).
  • The Everysport business area's net sales amounted to SEK 23.8 million (88.2), of which SEK 4.3 million (64.6) relates to divested operations.
  • The Group's adjusted operating profit, EBITDA was SEK -0.3 million (11.2).
  • The Group's operating profit, EBITDA was SEK 4.4 million (50.2).
  • The Group's adjusted operating profit after depreciation, EBIT was SEK -4.4 million (-10.2).
  • The Group's result after financial items was SEK -1.8 million (-0.2).
  • Earnings per share were SEK -0.28 (-0.06). 

"Everysport Group reports continued positive development in the third quarter, with significant improvements in financial performance as a result of our restructuring efforts to ensure long-term growth and profitability. Group net sales were in line with last year, with continued strong growth in Elite Prospects. The hockey platform stood out with a 23 percent increase in sales (27 percent in USD) to SEK 10.5 million (SEK 8.5 million) and the highest-ever growth in paying subscribers in a single month in September." 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 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

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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 24-10-2024 08:00 CET.

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