Slide 1: Rusta Q1 2024/25
Confidential Rusta Q1 2024/25 Göran Westerberg, CEO | Sofie Malmunger, CFO 12 September 2024
Slide 2: Agenda
Confidential Agenda 1. Business update 2. Financial performance 3. Summary and Q&A
Slide 3: Business update
Confidential Rusta Q1 2024/25 Business update
Slide 4: Positioned for continued profitable growth
Confidential Multi-geography presence Positioned for continued profitable growth ~150+ 2131) stores in Sweden, Norway, Finland and Finland ~30 Germany with significant 42 white space, and profitable Norway online store ~20 49 Sweden ~40 112 28 40-60 Store openings 1 during Q1 2024/25 3 ~60 ➜ Sogndal
Slide 5: Strengthened profitability and increased sales on a challenging market in Q1
Confidential Rusta Q1 2024/25 Strengthened Q1 ’24/25 vs. ’23/241) Q1 ’24/25 vs. ’23/24 profitability and increased sales on a 3.7% 0.5% Net sales growth LFL2) growth in Q1 challenging market in Q1 Positive net sales growth Increased gross profit Strengthened EBITA Q1 ’24/25 vs. ’23/24 Q1 ’24/25 vs.
Slide 6: Key events
Confidential Rusta Q1 2024/25 Key events Improved profitability Challenging market on all markets Continued price awareness and Improved productivity in the value caution among costumers. Lower chain has fully compensated for share of high-ticket items during increased shipping costs and lower summe
Slide 7: Financial performance
Confidential Rusta Q1 2024/25 Financial performance
Slide 8: Strengthened profitability and increased sales
Confidential Rusta Q1 2024/25 Strengthened profitability and increased sales Positive net sales growth Increased gross margin Improved profitability Net sales (MSEK) Gross profit (MSEK) & gross margin (%) Adj. EBITA1) (MSEK) 3.7% 6.2% 10.2% 1,343 2,959 3,069 351 1,265 318 43.8% 42.7% Q1 '23/24 Q1 '2
Slide 9: Net sales and profitability growth on all markets
Confidential Rusta Q1 2024/25 Net sales and profitability growth on all markets Net sales growth in all segments Profitability growth in all segments Q1’ 24/25 vs. Q1 '23/24 EBITA excl. IFRS 16 margin Net sales growth excl. currency effects 5.0% +1.8pp +0.4pp +1.5pp 20.8% 3.5% 2.9% 13.7% 5.7% online
Slide 10: Improved profitability
Confidential Rusta Q1 2024/25 Improved profitability EBITA margin Q1 24/25 Profitability drivers in Q1 1. Improved purchase prices 2. Positive inventory effects 3. Good cost control 4. Positive volume effects 1) Notes: 1) Including other operating income and expenses, depreciations and add-back of a
Slide 11: Strong balance sheet and cash flow
Confidential Rusta Q1 2024/25 Strong balance sheet and cash flow Active working capital management Increased cash balance Net working capital (MSEK) Net debt excl. IFRS 16 (MSEK) % LTM sales 9% 10% % LTM sales -0.55x -0.56x 1,111 935 -344 -458 Q1 '23/24 Q1 '24/25 Q1 '23/24 Q1 '24/25
Slide 12: We are committed to delivering on our financial targets
Confidential Financial targets We are committed to delivering on our financial targets Net sales growth Profitability Dividend policy Rusta targets an Rusta targets an EBITA Rusta aims to distribute annual average margin of around eight 30-50 percent of net organic1) net sales percent in the medium
Slide 13: 35 new stores in pipeline – all-time-high
Confidential Multi-geography presence 35 new stores in pipeline – all-time-high ~150+ 2151) stores in Sweden, Norway, Finland and Finland ~30 Germany with significant 42 white space, and profitable Norway online store ~20 51 Sweden ~40 112 Store openings 28 35 40-60 after Q1 2024/25 1 1 ➜ Egersund (
Slide 14: Outlook
Confidential Rusta Q1 2024/25 Outlook Focus on price Continued potential to leadership to drive recruit new customers LFL growth Increased pipeline of Productivity new stores and more momentum expected positive view on to support continued expansion potential margin growth
Slide 15: Summary and Q&A
Confidential Rusta Q1 2024/25 Summary and Q&A
Slide 16: Thank you
Confidential Thank you Next event: Interim report Q2 2024/25 December 10, 2024