Q2 2026 RVRC Holding AB Earnings Call Transcript
Key Points
- RVRC Holding AB (FRA:0GE) reported record sales in Q2, with net sales reaching SEK726 million, marking an 11% growth in local currencies compared to the previous year.
- The company achieved a milestone with net sales surpassing SEK2 billion over the rolling 12 months for the first time.
- Strong performance in the DA region, with Germany, Austria, and Switzerland showing significant growth, particularly Austria and Switzerland with over 20% growth.
- The company maintained industry-leading margins, with an adjusted EBIT margin of 24.8% and a gross margin of 69.8%.
- Cash flow from operations was robust at SEK360 million, contributing to a solid financial position with a net cash position of SEK341 million despite dividend distributions and share repurchases.
- Currency effects negatively impacted net sales, margins, and earnings due to a stronger SEK, with a specific currency-related negative item of SEK1 million compared to a positive SEK5 million last year.
- The US market is currently not a focus due to logistical challenges related to new tariff conditions, affecting growth potential in that region.
- Gross margin slightly decreased from 70.3% last year to 69.8% this quarter, primarily due to currency effects.
- Personnel expenses increased due to hiring for physical stores, which could impact profitability if not managed efficiently.
- The company faces ongoing market uncertainty, particularly in the outdoor market, which has been challenging in recent years.
Welcome to the Revolution Race Q2 presentation. (Operator Instructions). Now I will hand the conference over to the CEO, Paul Fishbein; and CFO Jesper Alm. Please go ahead.
Thank you, operator, and good morning, everyone and welcome to this conference call where we will address the report for the second quarter of the financial year 2025 and 2026.
And our financial year starts first of July and ends the June 30, so Q2 means the period from October 1 to December 31.
My name is Paul Fishbein, and I am the CEO of Revolution Race and joining me today, for, today's conference call, I have the company's Chief Financial Officer Jasper. For those of you who are who are new to the revolution race story, I will start by giving you a brief intro introduction.
Revolution Race is an international outdoor brand offering outdoor products, mainly clothing, but also shoes, footwear, bags, and other, outdoor products. Everything started with pants, and that category is still the largest
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