Sleep Cycle Q3 Adjusted EBIT SEK 15.1M; Sales Fall 17%
Q3 net sales were SEK 50.9 million, down 17% year over year (12% on an FX-adjusted basis). Adjusted operating profit was SEK 15.1 million, with a 29.7% margin; reported EBIT was SEK 1.1 million after SEK 14.0 million in one-off items. B2B revenue rose 49% to a record SEK 10.0 million.
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05:41:32 AM UTC
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Sleep Cycle AB (publ) OMXSTO:SLEEP
Sleep Cycle reported Q3 adjusted operating profit of SEK 15.1M, equivalent to a 29.7% margin. Net sales were SEK 50.9M, a 17% decline year over year and down 12% on an FX-adjusted basis. B2B revenue reached a record SEK 10.0M, rising 49%. Reported EBIT was SEK 1.1M, following SEK 14.0M in one-off items.