Everysport Group (publ) publishes interim report for Q1 2024: Increased growth, stronger margins ahead

Summary Q1 2024 (compared to Q1 2023)

• The Group's net sales amounted to SEK 23,6 million (43,5), excluding divested operations, net sales increased 20 percent to SEK 19.3 million (16.1).
• Net sales for business area Elite Prospect increased by 39 percent to SEK 11.0 million (7.9). Monthly Recurring subscription-based Revenue (MRR) increased by 43 percent to SEK 2.3 million (1.3).
• Net sales for business area Everysport amounted to SEK 10.8 million (34.1), of which SEK 4.3 million (27.5) relates to divested operations.
• The Group's adjusted operating result, EBITDA, was SEK -0.4 million (3.5).
• The Group's operating result, EBITDA, was SEK 5.4 million (4.4).
• The Group's adjusted operating profit after depreciation and amortization, EBIT, was SEK -2.8 million (-3.9). 
• The Group's profit after financial items was SEK -0.14 million (-1.30).
• Earnings per share were SEK -0,4 (3.5).  

’’Everysport Group's positive momentum continued during the first quarter of the year. Adjusted for the divested businesses, net sales increased by 20 percent to SEK 19.3 million. Elite Prospect's growth journey shows no signs of slowing down; on the contrary, new records are once again being set in essential KPI:s. With the completion of the strategic review and continued investment in growth, we expect earnings to improve in the second half of 2024. Today, I can also announce our latest sports tech product, Elite Football.” extract from Hannes Andersson’s CEO statement

For more information, please contact:
Hannes Andersson, CEO, Everysport Group AB
Phone: +46 70 736 56 25
E-mail: [email protected]

About Everysport Group (publ)
Everysport Group is a leading Swedish company that develops digital platforms and services within sports tech and sports media. The Group's flagship product, Elite Prospects, is a globally leading hockey platform with over 22,000 paying subscribers and 1.5 million unique visitors per week. Everysport Group is headquartered in Stockholm with a local presence in the US. The Group is listed on Spotlight Stock Market with the ticker "EVERY".

For more information, please visit www.everysportgroup.com

Interested in news and financial information from Everysport Group? Subscribe here.

This disclosure contains information that Everysport Group AB is obliged to make public pursuant to the EU Market Abuse Regulation (EU nr 596/2014). The information was submitted for publication, through the agency of the contact person, on 25-04-2024 08:00 CET.