Fractal Gaming Group Interim Report January-September 2023

Third quarter 2023

• Net sales amounted to SEK 189.9 million (131.0).
• Product profit amounted to SEK 79.3 million (50.2), with a product margin of 41.8% (38.3).
• EBITDA amounted to SEK 35.1 million (12.5), corresponding to an EBITDA margin of 18.5% (9.5).
• EBIT amounted to SEK 29.8 million (7.5), corresponding to an EBIT margin of 15.7% (5.7).
• Operating cash flow amounted to SEK 65.0 million (12.2).
• Interest-bearing net debt was SEK -75.5 million (126.0).
• Earnings per share amounted to SEK 0.8 (0.2).
• No items affecting comparability for the quarter.

Jan–Sep 2023

• Net sales amounted to SEK 630.6 million (343.9).
• Product profit amounted to SEK 257.1 million (126.8), with a product margin of 40.8% (36.9).
• EBITDA amounted to SEK 124.6 million (20.8), corresponding to an EBITDA margin of 19.8% (6.0).
• EBIT amounted to SEK 109.0 million (7.2), corresponding to an EBIT margin of 17.3% (2.1).
• Operating cash flow amounted to SEK 187.8 million (11.4).
• Earnings per share amounted to SEK 3.0 (0.3).
• No items affecting comparability during the period.

Hannes Wallin, CEO and Founder of Fractal comments:
"The third quarter was also one of strong performance for Fractal, with continued healthy growth in sales and profits. We are growing more substantially than the market and are drawing in new customers.

The growth during the first nine months of the year exceeded our expectations, where our strategic growth initiatives have had a clear effect. In addition to a stronger product range, the growth has been aided by a broadened sales effort, with stronger sales on Amazon leading the way, and our successful launch of the Fractal Content Creator Program, which has positively exposed our brand to new customer segments.

Underlying long-term demand is strong and we will continue to drive our growth-promoting initiatives with a focus on delivering high-quality products, a high level of service, expansion into new product categories, and broadened marketing activities. “

Telephone and web conference
A telephone and web conference will be held for investors, analysts and media on November 16, 11.00 (CET). 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-q3-report-2023

To sign up for the telephone conference:
https://conference.financialhearings.com/teleconference/?id=5001480

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. CET on November 16, 2023.

Certified Advisor
Andreas Stigers
FNCA Sweden AB

About Fractal
Fractal Design is a PC gaming hardware manufacturer based in Gothenburg, Sweden. Since its inception in 2007, Fractal has developed gaming products which fuse Scandinavian design, user-centric innovation and premium quality. Today, Fractal offers gaming hardware to customers around the globe from its offices in Sweden, Taiwan, China and the US.