Preliminary result: Strong profit development during the first quarter

Fractal Gaming Group publishes preliminary results for the first quarter. Net sales are estimated at SEK 195.5m (117.5), an increase of 66.4%. EBITDA is estimated at SEK 41.6m (11.3), corresponding to an EBITDA margin of 21.3% (9.6). EBIT is estimated at SEK 36.5m (7.3), corresponding to an EBIT margin of 18.7% (6.2).

"The first quarter's profit development has been stronger than expected, driven by high sales growth and a good product margin. As we communicated earlier, there is a pent-up need for new PC gaming equipment. The recovery in the market, which began in the second half of 2022, has further strengthened during the quarter, which also means that our distributors have had to increase their inventory levels to meet the increasing demand”, says Hannes Wallin, CEO and Founder.

"It is satisfying that we have had a strong start to the year and that the demand for our products has exceeded our expectations. The new products that were launched last year have received a very positive reception from our customers around the world and we have increased our market shares during the quarter," he adds.

The financial information above is preliminary. Fractal Gaming Group will publish its full interim report for the first quarter on May 11, 2023. In connection with this, a telephone and web conference for investors, analysts and the media will be held at 09:00 CEST. The invitation with contact details will be sent out well in advance of the conference.

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

Karin Ingemarson, CFO
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 07:50 CEST on April 20, 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.