New Bubbleroom Sweden Ab · OMXSTO:BBROOM
New Bubbleroom Sweden Ab — Q1 2024 Earnings Presentation
12 slides from New Bubbleroom Sweden Ab's earnings presentation, Apr 30, 2024
Slide 1: Q4 2023 Presentation
Q4 2023 PRESENTATION February 27, 2023 Magnus Månsson, CEO Göran Thuresson, CFO 1
Slide 2: Today's Presenters
TODAY’S PRESENTERS CEO CFO Magnus Månsson Alexander Tossavainen 2
Slide 3: Agenda
AGENDA • Highlights Q1 2024 • Business update Q1 and looking forward • Financial performance Q1 2024 • Conclusions • Q&A 3
Slide 4: Highlights – Q1 2024
HIGHLIGHTS – Q1 2024 GROWTH JAN-MAR • Net sales showed a growth of 1.4%*) despite the market +1.4% (+2.8) circumstances and sales amounted to 99.5 MSEK. • Strong assortment, increased share of own products. GROSS MARGIN • Strong gross margin in a historical perspective, slightly JAN-MAR lower than l
Slide 5: Business update Q1 and looking forward
Business update Q1 and looking forward • Strategic overview continues • Successfully completed ERP-system change • Overall focus areas • Customer journey • Product journey (speed to market) • Growth • Profitability and cash flow • Our core values supports the below initatives • Data-driven decisions
Slide 6: Business update Q1 and looking forward
Business update Q1 and looking forward • Coming business initiatives: • Customer reviews • Return processing moved to Borås • Inhouse customer service • Popup store Åhléns Stockholm • Opened outlet, both online and physical • Loyalty club • Gift cards • Marketing activities • Press day for presentat
Slide 7: First quarter: Growth in Q1 and high share of own design
First quarter Growth in Q1 and high share of own design MSEK Net Sales Gross Profit • Sales increased by +1.4% (2.8) and amounted to +1.4% SEK 99,5 million. 98.2 99.5 -0.8% • Gross margin amounted to 65.0% (66.4). 65.2 64.7 • Share of own brands assortment amounted to 71.6% (70.3) in Q1. 66,4% 65,0%
Slide 8: Balance Sheet
BALANCE SHEET • During Q1 2024 inventory levels maintain on a healthier level and amounted to SEK 76.7 million (106.4), a reduction of SEK 29.7 million, due to active measures to bring down inventory to healthier levels during 2023. • Inventory in % of LTM Sales amounted to 17.5% (23.9%). • Net work
Slide 9: Cash Flow Full Year
CASH FLOW FULL YEAR • Cash flow from operations in Q1 2024 was SEK -10.7 million (-2.0). 0.3 • Capex amounted to SEK 0.5 million, compared to -6.5 1.5 1.2 SEK 3.2 million last year. Capex 2024 refers mainly to 3.6 investments in our system platform. -10.7 • Cash flow from financing activities amount
Slide 10: Conclusions
Conclusions • Continued focus on returning to profitability • Strong market position • Well equipped organization 10
Slide 11: Q&A
Q&A 11
Slide 12: bubbleroom.com | New Bubbleroom Sweden AB
bubbleroom.com | New Bubbleroom Sweden AB Prognosgatan 11 | 504 64 Borås 12
New Bubbleroom Sweden — Q1 2024 Earnings Presentation on 6ix