RevolutionRace grows rapidly on all markets maintaining high profitability
RVRC continues to deliver strong results, with revenues growing robustly across all geographical segments. With a total revenue growth of 12.4%, the company is on the verge of reaching two billion SEK in revenues. This growth builds on our strong performance over the past few years, reinforcing our position in the market.
Despite the strong growth, RVRC has been able to maintain its profitability at a high level of 20+% EBIT margin. This is enabled by the D2C model of the company where the Gross margins are high (72% in Q2/2024).
With regard to geographical regions, the Rest of the World (RoW) segment is rapidly catching up with the original Nordic segment. The DACH region has become clearly the biggest segment with 57% of revenues. In three years, RoW has grown from 34 MSEK to 85 MSEK. At the same time, the Nordic segment has gradually declined from 100 MSEK to 90 MSEK.
“U.K. stands out in this quarter and have done so for some quarters as the market that is growing fastest in absolute numbers and also percentage in the rest of the world region. Netherlands is a good market for us. U.K. was actually a market where we saw very good performance a couple of years ago before Brexit. And so we know that demand is there. And I think that U.K. is a market that sort of suits our offering very well. So I would say U.K., Netherlands and Poland is maybe the 3 markets that sort of stands out in the rest of the world region for the moment.”
