First quarter, January–March 2022
- Revenue amounted to MEUR 1.72 (2.24)
- The operating result for the period amounted to MEUR -5.30 (6.00)
- The adjusted operating result for the period amounted to MEUR 1.53 (-0.01)
- Earnings per share amounted to
EUR -0.24 (n.a.) - Cash and cash equivalents on
March 31 amounted to MEUR 14,794 (2,226)
Significant events during the first quarter 2022
- IPO at Nasdaq First North in
Stockholm on25 February 2022 , raisingSEK 200m via a capital increase from existing and new shareholders. - Management focus on expansion of technology team and ramp up marketing campaigns as well as evaluation of M&A opportunities.
Significant events after the event of the period
- There have been no significant events to report up until the date of the publication of this report.
CEO´s comment
Q1 2022 was an important step in Rebelle’s continued internationalization and growth journey. The big highlight of the quarter was our IPO at Nasdaq First North Growth Market in
However, this new chapter of
Naturally, this creates a harsh environment for selling discretionary products such as second hand luxury fashion products. For
However, on the inbound side we saw a strong development with a record number of new products coming onto our marketplace. As our business is strongly driven by the availability of products and the development of our inventory, this represents a key prerequisite for Rebelle’s future growth.
We are currently working on a number of measures to boost the performance of our business and accelerate growth. This includes a systematic optimisation of our marketing channels, which will become important for our plan to ramp-up and internationalise our marketing campaigns. Furthermore, we are working on a number of measures to drive the conversion of our website, most notably the integration of additional payment methods into the checkout of our online shop.
The current headwind from the market does not affect our conviction that luxury second hand fashion is offering big opportunities for growth. Consumers are becoming increasingly aware of the environmental impact of the fashion industry and this will lead to a change in their consumption patterns. Based on our unique inventory of products from leading luxury labels, a strong brand and a superior service proposition enabled by unique operational capabilities,
The IPO is providing us with new opportunities to invest into our business. In Q1 2022 we have started to expand our technology team and ramp up marketing campaigns. Whilst in the short term these initiatives will increase our cost base, we are convinced that in the longer term they will increase the appeal of our offer to consumers and thus accelerate growth.
Our strategy for the future also includes inorganic growth via mergers & acquisitions in order to expand our footprint and business model. Q1 has provided us with first opportunities to connect with suitable companies. As for the future, we intent to increase the engagement with investors and look forward to be able to present the development of
Audiocast,
In conjunction with the publication of the interim report for the first quarter of 2022,
Date and time
Webcast link
https://tv.streamfabriken.com/rebelle-q1-2022
Phone number
To participate via telephone, please dial one of the numbers below.
SE: +46850558355
US: +16467224957
For further information, please contact:
Telephone: +46 76 190 90 51
jonas.rodny@pauesaberg.se
About
The company’s shares (ticker BELLE) are traded on Nasdaq First North Growth Market Stockholm.
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