New Bubbleroom Sweden Ab · OMXSTO:BBROOM
New Bubbleroom Sweden Ab — Q2 2024 Earnings Presentation
13 slides from New Bubbleroom Sweden Ab's earnings presentation, Jul 16, 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 Andreas Malmström 2
Slide 3: Agenda
AGENDA • Highlights Q2 2024 • Business update Q2 and looking forward • Financial performance Q2 2024 • Conclusions • Q&A 3
Slide 4: Highlights – Q2 2024
HIGHLIGHTS – Q2 2024 GROWTH GROWTH APR-JUN JAN-JUN • Net sales showed a growth of 6.6%*) despite the market +6.6% +4.3% (-4.7%) (-1,5%) circumstances and sales amounted to 134,8 MSEK. • Strong gross margin due to strong product assortment, gross margin for the quarter at 69.1% compared to 67.7% GROS
Slide 5: Business update Q2 and looking forward
Business update Q2 and looking forward • The focus on our business initiatives continues • Business initiatives • Customer journey • Product journey (speed to market) • Growth • Profitability and cash flow • Customer journey • Customer service • Product reviews • Digital return process • Bubbleroom
Slide 6: Business update Q2 and looking forward
Business update Q2 and looking forward • Continuous development of already implemented initiatives • Marketing activities • Press day for presentation of our AW24 collection • Strengthen brand marketing • Continue to develop Bubbleroom Member • Personalized communication and offers • Sustainability
Slide 7: Strong growth in sales and EBITDA
Strong growth in sales and EBITDA MSEK Net Sales Gross Profit • Sales increased by +6.6% (-4.7) and amounted +6.6% to SEK 134,8 million. +8.9% 134.8 126.5 85.6 93.2 • Gross margin at 69.1% (67.7) with a total of SEK 93,2 million, growing with 8.9% compared to last year. 67,7% 69,1% • Share of own br
Slide 8: Growing sales and profitability during the first six months
Growing sales and profitability during the first six months MSEK Net Sales Gross Profit • Sales increased by +4.3% (-1.1) and amounted to +4.3% +4.7% SEK 234,4 million. 234.4 157.9 224.6 150.8 • Gross margin at 67.4% (67.1) with a total of SEK 157,9 million, growing with 4.7% compared to last year.
Slide 9: Balance Sheet
BALANCE SHEET*) MSEK 30 juni 30 juni 31 dec. 2024 2023 2023 ASSETS Intangible Assets 5,8 6,8 6,5 • During Q2 2024 inventory levels decrease to SEK Tangible Assets 50,2 57,4 53,8 67,4 million (86,3), a reduction of SEK 18,9 million. Financial Assets 4,1 4,1 4,1 Our continuous work with our product as
Slide 10: Cash Flow Q2
CASH FLOW Q2*) 28.4 • Cash flow from operations in Q2 2024 was SEK 28,4 13.0 million (32,7). 0.1 9.4 • No cash flow from investing activities during the quarter. Capex earlier in 2024 refers mainly to 6.3 0.3 investments in our ERP. EBITDA Adjustments Change Changes Change Cash Flow • Cash flow from
Slide 11: Conclusions
Conclusions • Strong quarter driven by the implemented business initiatives • Strong execution by the organization • Continued focus on returning to profitability 11
Slide 12: Q&A
Q&A 12
Slide 13: bubbleroom.com | New Bubbleroom Sweden AB
bubbleroom.com | New Bubbleroom Sweden AB Prognosgatan 11 | 504 64 Borås 13
New Bubbleroom Sweden — Q2 2024 Earnings Presentation on 6ix