Göteborg,
The following figures are preliminary, not audited, and may be adjusted in the year-end report published on
The fourth quarter in summary (October-
- Net sales increased by 16.0% (15.0%) and totaled tSEK 55,703 (48,040). Currency-adjusted net sales growth totaled 6.7% (21.7%).
- Operating profit totaled tSEK 5,011 (8,030) and the operating margin was 9.0% (16.7%).
- Adjusted operating profit totaled tSEK 7,813 (8,030) and adjusted operating margin was 14.0% (16.7%). In the fourth quarter, costs of in total tSEK 2,802 related to the public cash offer affecting comparability have been expensed. No costs were adjusted for in 2021.
- The total number of paying subscribers at the end of the period was 904,000 (901,000), an increase of 0.3% compared with the previous year.
-
Average Revenue per User (ARPU) for the quarter totaled
SEK 244 (214), a growth of 14.2% (0.1%). -
Earnings per share before dilution for the quarter totaled
SEK 0.20 (0.33). Results per share after dilution totaledSEK 0.20 (0.32).
The full year in summary (January-
- Net sales increased by 16.6% (14.7%) and totaled tSEK 213,271 (182,937). Currency-adjusted net sales growth totaled 12.4% (21.6%).
- Operating profit totaled tSEK 44,110 (10,325) and the operating margin was 20.7% (5.6%).
- Adjusted operating profit totaled tSEK 46,912 (36,386) and adjusted operating margin was 22.0% (19.9%). In 2022, costs of in total tSEK 2,802 related to the public cash offer affecting comparability have been expensed. In 2021, costs of in total tsek 26,061 was adjusted for related to IPO costs.
- The total number of paying subscribers at the end of the period was 904,000 (901,000), an increase of 0.3% compared with the previous year.
-
ARPU for the period amounted to
SEK 236 (212), a growth of 11.0% (0.0%). -
Earnings per share before dilution in the year totaled
SEK 1.77 (0.43). Earnings per share after dilution totaledSEK 1.74 (0.42).
Commenting on the fourth quarter, CEO Carl Johan Hederoth says:
"We continued to deliver stable revenue growth in the fourth quarter. ARPU grew almost 14% in the period reflecting some of the price adjustments we started to implement during 2022. In line with the strategic decision to implement increased prices on all top markets during the fourth quarter, we succeeded in delivering growth although flat development in number of subscribers."
"As planned, and excluding expenses related to the public cash offer, we increased investments in marketing and product development during Q4-22 which has impacted the operating margin compared to previous quarters. We did so to strengthen the business for a good start of 2023 and we expect to leverage those investments in terms of new feature releases and commercial activities during 2023. From Q1-23, we anticipate operating margin to be back on previous levels."
"Macroeconomic conditions will most likely continue to affect app ecosystems throughout 2023 but I believe that
This is information that
For more information please contact:
Carl Johan Hederoth
CEO
cj@sleepcycle.com
Per Andersson
CFO and Head of Investor Relations
per.andersson@sleepcycle.com
+46 70 939 5327
Head of PR
press@sleepcycle.com
+46 73 972 6424
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