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Everysport Group publishes Year-End Report 2023: Increased growth focus, new record quarter for Elite Prospects

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Summary Q4 2023 (compared to Q4 2022)

  • The Group's net sales amounted to SEK 29.9 million (48.0), excluding divested operations, net sales increased 11 percent to SEK 25.7 million (23.2).
  • Net sales for business area Elite Prospect increased by 33 percent to SEK 10.6 million (8). Monthly Recurring subscription-based Revenue (MRR) increased by 50 percent to SEK 2.25 million (1.50).
  • Net sales for business area Everysport amounted to SEK 17.2 million (38.8), of which SEK 4.2 million relates to divested operations.
  • The Group's adjusted operating result, EBITDA, was SEK 2.1 million (4.8).
  • The Group's operating result, EBITDA, was SEK 1.7 million (-1.8).
  • The Group's adjusted operating profit after depreciation and amortization, EBIT, was SEK 1.8 million (-8.4).
  • The Group's profit after financial items was SEK -9.8 million (-10.2).
  • Earnings per share were SEK -1.71 (-1.56).

Summary full-year 2023 (compared to full year 2022)

  • The Group's net sales amounted to SEK 147.7 million (189.0) excluding the divested businesses, net sales increased by 1 percent to SEK 89.9 million (89.3).
  • Net sales for business area Elite Prospect increased by 31 percent to SEK 35.8 million (27.3). Annual Recurring subscription-based Revenue (ARR), calculated as at the end of December, increased by 50 percent to SEK 27.0 million (18.0).
  • Net sales for business area Everysport amounted to SEK 105.5 million (156.6), of which SEK 57.8 million relates to divested operations.
  • The Group's adjusted operating result, EBITDA, was SEK 13.3 million (14.9)
  • The Group's operating result, EBITDA, was SEK 51.9 million (8.2)
  • The Group's adjusted operating profit after depreciation and amortization, EBIT, was SEK -8.5 million (-35.5)
  • The Group's profit after financial items was SEK -10.0 million (-42.9).
  • Earnings per share were SEK -1.76 (-6.51).

"Everysport Group reports a good fourth quarter with clear steps in the right direction after an eventful year characterized by high transaction activity. Net sales, excluding divested businesses, increased by 11 percent to SEK 25.7 million (23.2). The positive development was driven by Elite Prospect's international expansion, which resulted in new records for both sales and visitors. With our updated strategy, which is expected to  increase scalability and improve margins, we are positive about 2024." 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 group that owns, operates and develops products within sports tech and sports media. The Group's best-known brand is the world-leading ice hockey platform, Elite Prospects, which has more than 1.5 million unique visitors per week. Everysport Group is headquartered in Stockholm, Sweden with a local presence in the USA. The Group is listed on the Spotlight Stock Exchange 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 22-02-2024 08:00 CET.

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