RevolutionRace (RVRC), the Swedish DTC outdoor brand, saw accelerated sales growth in September, the final month of its first financial quarter. Despite this boost, Q1 sales grew modestly by 3 percent to 350 million Swedish kroner (€30.0m), with currency-adjusted growth at 5 percent.
Sales in the Nordics dropped due to market challenges, particularly in Finland. However, the DACH region reported growth. The gross margin dipped by 2.2 points to 70 percent, and Ebit fell to SEK 57 million (€4.9m) from SEK 67 million. Net profit also declined to SEK 46 million (€3.9m).
RVRC has positioned itself for a solid second quarter with new product launches, inventory expansion and plans for further releases in alpine gear and hiking footwear, according to CEO Paul Fischbein.
Read more details at our sister publication, The Outdoor Industry Compass.
