RVRC (RVRC) Q4 25/26 earnings summary

Executive summary

• Achieved continued growth and solid profitability for the year ending June 2026, with net sales up 8% in local currencies to SEK 2,018 million and adjusted EBIT margin reaching 21.0% year-over-year.

• Completed the acquisition of 90.1% of ICANIWILL (ICIW), a profitable sportswear brand, for SEK 700 million EV, with consolidation from July and potential earn-outs up to SEK 175 million.

• Maintained a strong financial position, enabling dividend growth, share repurchases, and supporting continued growth.

• Industry-leading margins and market share gains achieved despite challenging market conditions, especially in Germany.

• Opened new stores in Stockholm and Haparanda, expanding physical retail presence.

Financial highlights

• Q4 net sales: SEK 414 million (+3% in local currencies); full year: SEK 2,018 million (+8% in local currencies).

• Q4 gross margin: 72.2%; full-year gross margin: 70.5%.

• Q4 EBIT: SEK 66 million (margin 15.9%); full year EBIT: SEK 422 million (margin 20.9%); adjusted full year EBIT: SEK 425 million (margin 21.0%).

• Cash and equivalents at year-end: SEK 328 million; net cash position: SEK 313 million.

• Dividend proposed at SEK 1.50 per share (up 11%), with a payout ratio of 48%.

Outlook and guidance

• Group expects a stronger foundation post-ICIW acquisition, with pro forma annual net sales of SEK 2.5 billion and adjusted EBIT near SEK 500 million.

• Inventory is well positioned for the upcoming autumn and winter season.

• U.S. operations relaunched with a new logistics setup, aiming for renewed growth.

• ICIW to operate independently, with growth support, especially in DACH; consolidation from July 2026.

• No formal forecast provided; market conditions in Germany remain challenging.