Sweden · Delayed Price · Currency is SEK Rusta AB Earnings Call Transcripts
Fiscal Year 2026
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Q3 delivered double-digit sales growth, margin expansion, and record cash flow, driven by strong campaigns, positive currency effects, and robust store and online performance. Upgraded store opening guidance and a solid balance sheet support continued growth ambitions.
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Sales grew 9.3% (ex-currency) with gross margin up to 44.8% and EBITDA up 45.6% year-over-year. Store expansion and new concepts drove growth, while positive currency effects are expected in H2. Guidance and financial targets remain unchanged.
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Net sales grew 3.4% year-over-year, with strong performance in Sweden and Norway but weakness in Finland due to macro headwinds. Gross margin and EBITDA margin declined due to currency effects, but positive FX and sourcing effects are expected in the second half. Store expansion and major projects remain on track.
Fiscal Year 2025
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Q4 saw robust sales and profit growth, with net sales up 12.6% and EBITDA margin improving. Store expansion guidance was raised, and positive currency effects are expected to boost margins in the second half of the year. Dividend per share increased by 26%.
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Q3 saw 7.3% net sales growth, driven by volume and strong performance in Sweden, with Norway recovering and Germany showing promise. EBITDA margin reached 11%, and management remains confident in achieving mid-term growth and margin targets.
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Q2 net sales grew 3.1% (5.1% ex-currency), with volume-driven growth and improved gross margin. Store expansion guidance was raised, and profitability remains strong despite currency headwinds. Consumer sentiment is cautious, but loyalty and store traffic are rising.
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Net sales grew 3.7% year-over-year with all segments contributing, while profitability improved as EBITDA rose 17.6% and gross margin reached 43.8%. Store expansion momentum is strong, with 35 new locations in the pipeline, and the company remains focused on price leadership and margin growth.
Fiscal Year 2024
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Full-year sales grew 9% with a 45.7% rise in adjusted EBITDA, despite a SEK 74 million EBITDA hit from an IT incident. Gross margin improved to 43.5%, and a SEK 1.15 dividend per share is proposed. Store expansion and operational efficiency remain key priorities.