Sleep Cycle interim report April – June 2024: Laying the foundation for continued sustainable and profitable growth
Gothenburg, Sweden – 26 July, 2024The second quarter in summary (April-June 2024) · Net sales totaled tSEK 65,442 (57,952) and increased by 12.9% (11.0%). Currency-adjusted net sales growth amounted to 10.5% (1.1%). · Operating profit amounted to tSEK 20,964 (12,732), with an operating margin of 32.0% (22.0%). · Adjusted operating profit totaled tSEK 20,964 (17,265) and adjusted operating margin was 32.0% (29.8%). · The total number of paying subscribers at end of period was 898k (877k). · ARPU in the quarter amounted to SEK 282 (263). Currency adjusted ARPU was SEK 277.