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Fractal Gaming Group Interim Report January-March 2023

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First quarter 2023

  • Net sales amounted to SEK 195.5 million (117.5).
  • Product profit amounted to SEK 79.1 million (47.2), with a product margin of 40.4% (40.2).
  • EBITDA amounted to SEK 41.6 million (11.3), corresponding to an EBITDA margin of 21.3% (9.6).
  • EBIT amounted to SEK 36.5 million (7.3), corresponding to an EBIT margin of 18.7% (6.2).
  • Operating cash flow amounted to SEK 58.8 million (7.1).
  • Interest-bearing net debt was SEK 50.6 million (119.1).
  • Earnings per share amounted to SEK 0.9 (0.2)
  • No items affecting comparability for the quarter.

Hannes Wallin, CEO and Founder of Fractal comments:
“We began the year with a strong sales and earnings performance, where demand for our products exceeded our expectations. During the last two years, we have had many successful product launches, and we now have our strongest-ever product portfolio, which has enabled an increase in market shares. To generate growth, we are also increasing our marketing activities to reach even more gamers in existing and new segments.

Despite continued macroeconomic and geopolitical uncertainty that is generally affecting consumer purchasing power in most markets, demand for PC gaming hardware continued to improve in the first quarter. The second quarter began on a continued strong note, and we see excellent potential for continued growth in 2023, based on our attractive product portfolio that meets the demand we see from high-performance gamers around the world.”

Telephone and web conference
A telephone and web conference will be held for investors, analysts and media on May 11, 11.00 (CEST). CEO, Hannes Wallin and CFO, Karin Ingemarson will present and comment on the report and the presentation will be followed by a question and answer session.

Link to web conference:
https://ir.financialhearings.com/fractal-gaming-group-q1-2023

To sign up for the telephone conference:
https://conference.financialhearings.com/teleconference/?id=200752

For more information, please contact
Hannes Wallin, CEO and founder, Fractal
Telephone: +46 31 380 71 00
E-mail: IR@fractal-design.com

Karin Ingemarson, CFO, Fractal
Telephone: +46 31 380 71 00
E-mail: IR@fractal-design.com

This information is information that Fractal Gaming Group is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 8:00 a.m. CEST on May 11, 2023.

Certified Advisor
Andreas Stigers
FNCA Sweden AB

About Fractal
Fractal is a leading company in the premium segment of PC gaming products. The Group was founded in 2010 and our products are currently sold in more than 50 markets worldwide. Fractal is the market leader in premium PC cases in several geographic markets, for example in the Nordic region, is top two in Japan, and holds a top-three position globally.

 

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