Published: 2023-08-24 08:00:00

Everysport Group AB: Everysport Group (publ) publishes Interim Report for Q2 2023: Continued strong growth in subscription revenues, lower net sales due to divested padel facilities

Summary of the second quarter 2023:

  • Net sales SEK 37.8 million (47.3)
  • Adjusted EBITDA SEK 2.7 million (1.2)
  • EBITDA SEK 2.7 million (1.2)
  • Adjusted EBIT SEK -3.5 million (-10.8)
  • Profit after financial items SEK -10.0 million (-12.7)
  • Earnings per share SEK -1.65 (-2.12)

Summary January - June 2023:

  • Net sales SEK 81.3 million (97.6)
  • Adjusted EBITDA SEK 7.9 million (6.8)
  • EBITDA SEK 7.0 million (6.8)
  • Adjusted EBIT SEK -7.4 million (-16.4)
  • Profit after financial items SEK -17.6 million (-20.1)
  • Earnings per share SEK -2.95 (-3.23)

“The first half of 2023 was characterized by high business activity that resulted in a number of strategic transactions, which together are expected to create the conditions for a more profitable Everysport. During the second quarter, the Everysport Media business area continued to develop positively with a growth of over 20 percent in B2C, driven by Elite Prospects, which after implemented price adjustments has passed the milestone of quarterly recurring revenues exceeding SEK 6 million. The result in Q2 is held back by Every Padel, which also entails impairment of goodwill of SEK 6.5 million.“

From Hannes Andersson’s CEO statement

For more information, please contact:

Hannes Andersson, CEO, Everysport Group AB. tel: +46 70 736 56 25.

About Everysport Group

Everysport Group AB (publ) is a group operating in sports. Everysport is divided into two business areas: Everysport Media and Every Padel. Everysport Media owns and develops digital platforms and services in sports and Every Padel conducts facility operations in padel. The group has a total of about 110 employees. The head office is located in Stockholm and the company also has offices in Norway and the US. The group is listed on the Spotlight Stock Market (EVERY).

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 24-08-2023 08:00 CET.

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