HÖVDING INTERIM REPORT Q3 2021
July –
Path towards profitability continues
HIGHLIGHTS IN THE QUARTER
- Number of Hövding helmets sold 23,323 (28,586) (-18%)
- Net sales TSEK 41,228 (45,312) (-9%)
- Gross margin 35% (24%)
- EBITDA TSEK –959 (-6,688)
- Profit before tax TSEK –1,779 (-8,097)
- Profit per share
SEK -0,06 (-0,34) - Cash flow before changes in working capital TSEK -1,344 (-7,907)
- Cash flow after changes in working capital TSEK -11,256 (-3,096)
CEO
"Throughout 2021 our focus has been to position ourselves for stronger expansion in 2022. Continued growth, improved gross margin and cost control are the main components of this plan. Year to date, vs LY, we have 12% growth in net sales, 50% growth in gross proft while reducing cost of operations with -15%. In some ways a year of transition to ensure that as we expand more aggressively, we do it in a sustainable manner.
In doing all of this we continue to be reminded of our purpose. Protecting cyclist’s lives. We play our part in the wave of urban cyclists on the increase everywhere. Keeping them safe with the world´sbest head protection available."
INFORMATION
Please direct any queries regarding the content of this interim report to:
CEO
Ph: +46 40 236868
fredrik.carling@hovding.com
Hövding
Bergsgatan 33
214 22 Malmö
+46 40 236868
Hövding
Västra
E-mail: ca@vhcorp.se, tel: +46 40 200250
The information herein is provided by Hövding
Attachment
- Hövding
Sverige AB - Interim Report Q3 2021
© OMX, source