New Bubbleroom Sweden (BBROOM) Q3 2024 earnings summary

Executive summary

• Net sales in Q3 2024 grew 0.2% year-over-year to SEK 92.0 million, with gross margin rising to 63.2% from 60.0% last year.

• Adjusted EBITDA loss for Q3 was SEK -5.0 million, a significant improvement from SEK -11.1 million in Q3 2023, reflecting improved cost control.

• Share of own brands in the assortment increased to 70.6% in Q3 2024.

• Business initiatives focused on customer journey, product speed to market, customer club, and digitalized returns are ongoing.

• Continued emphasis on sustainability, branding, and data-driven decision-making supports future growth.

Financial highlights

• Q3 net sales: SEK 92.0 million (+0.2% year-over-year); gross profit: SEK 58.1 million (+5.4%).

• Gross margin: 63.2% in Q3 (up from 60.0%); share of own brands: 70.6% (up from 67.2%).

• Adjusted EBITDA: SEK -5.0 million (improved from -11.1 million); adjusted EBIT: SEK -7.5 million (from -13.3 million).

• Nine-month net sales: SEK 326.4 million (+3.1% year-over-year); gross margin: 66.2% (up from 65.1%).

• Cash balance at Q3 end: SEK 34.5 million (down from SEK 49.4 million last year).

Outlook and guidance

• Continued focus on margin improvement, cost control, and returning to profitability.

• Anticipation of a seasonally strong Q4, with ongoing initiatives to enhance customer offering.