Kvartalsrapport Q1 2024

Automatiskt nyckeltalsindex

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===== SIDA 1 =====

FENIX OUTDOOR INTERNATIONAL AG 
Interim condensed consolidated financial statements for the 
period ended 31 March 2024 
 
First quarter 2024-01-01 – 2024-03-31 
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Events after period closing  
Holding of own shares  
 
 
Financial information  
 
 
Contact person

===== SIDA 2 =====

2 
 
 
Interim report, three months 
COMMENTS BY THE EXECUTIVE CHAIRMAN

===== SIDA 3 =====

3 
 
 
Interim report, three months

===== SIDA 4 =====

4 
 
 
Interim report, three months 
MEUR 
Jan-Mar 
2024 
Jan-Mar 
2023 
Apr/Mar 
2023/2024 
Jan-Dec 
2023 
Net sales  163.8 180.0 723.2 739.4

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5 
 
 
Interim report, three months 
EBITDA 27.1 31.2 109.6 113.7 
Operating profit  12.8 17.1 50.6 55.0 
Profit margin, %  7.8% 9.5% 7.0% 7.4% 
Result before tax 11.4 16.3 42.6 47.6 
Net result for the period  6.9 10.6 28.3 32.0 
Earnings per B-share, EUR *) 0.51 0.79 2.01 2.37 
Solvency rate, % *) 59.4% 60.9%   56.1% 
*) Earnings per share are calculated on outstanding shares. Solvency rate are 
calculated as Equity as a percent of total assets. 
 
 
163.8 180.0
723.3 739.4
 0,0
 200,0
 400,0
 600,0
 800,0
Q1, 2024 Q1, 2023 12 months,
2023/2024
Q1-Q4, 2023
Net sales, MEUR
12.8 17.1
50.6 55.0
 0,0
 20,0
 40,0
 60,0
Q1, 2024 Q1, 2023 12 months, 2023/2024 Q1-Q4, 2023
Operating profit, MEUR

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6 
 
 
Interim report, three months 
THE OPERATION 
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First quarter 2024-01-01 – 2024-03-31 
 
  Brands Frilufts Global sales Common Group 
Jan-Mar Jan-Mar Jan-Mar Jan-Mar Jan-Mar Jan-Mar Jan-Mar Jan-Mar Jan-Mar Jan-Mar 
2024 2023 2024 2023 2024 2023 2024 2023 2024 2023 
External sales, MEUR 
EBITDA, MEUR  
Operating profit, MEUR 
Number of Stores 
of which are franchise 
Non-current assets 
Cap. Expenditures 
 
Brands Frilufts Global sales Common Total 
External sales per Jan-Mar Jan-Mar Jan-Mar Jan-Mar Jan-Mar Jan-Mar Jan-Mar Jan-Mar Jan-Mar Jan-Mar 
market, MEUR 2024 2023 2024 2023 2024 2023 2024 2023 2024 2023 
Switzerland 
Sweden 
Other Nordic countries 
Germany 
Benelux 
Other Europe 
Americas 
Other World 
Total

===== SIDA 7 =====

7 
 
 
Interim report, three months 
THE OPERATION  
Brands 
Frilufts 
Global sales 
Common, Liquidity and financial standing

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8 
 
 
Interim report, three months 
THE OPERATION 
 
Net sales and operating result per segment 
 
 
 
  
53.1
38.2
59.8
47.3 45.2
17.6
2.8
19.1
-1.5 12.9
- 10,0
 0,0
 10,0
 20,0
 30,0
 40,0
 50,0
 60,0
 70,0
Q1, 2023 Q2, 2023 Q3, 2023 Q4, 2023 Q1, 2024
Brands
Net sales, MEUR Operating profit, MEUR
68.1 85.8 99.7 98.5
71.1
- 8,6 -1.0 4.4 5.7 -7.3
- 50,0
 0,0
 50,0
 100,0
 150,0
Q1, 2023 Q2, 2023 Q3, 2023 Q4, 2023 Q1, 2024
Frilufts
Net sales, MEUR Operating profit, MEUR
58,7
32.1
63.3
34.4
47.6
12.3
-1.0 13.8 0.6 7.8
- 20,0
 0,0
 20,0
 40,0
 60,0
 80,0
Q1, 2023 Q2, 2023 Q3, 2023 Q4, 2023 Q1, 2024
Global sales
Net sales, MEUR Operating profit, MEUR

===== SIDA 9 =====

9 
 
 
Interim report, three months 
FINANCIAL REPORT 
  3 months 12 months 
CONSOLIDATED INCOME STATEMENT 
MEUR 
Total income 
Operating expenses  
Operating profit  
Profit before tax  
Net profit for the period

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10 
 
 
Interim report, three months 
Consolidated Statement of  3 months 12 months  
Comprehensive Income 
MEUR  
Net profit for the period 
Total other comprehensive income for the 
period  
Total comprehensive income for the period

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11 
 
 
Interim report, three months 
FINANCIAL REPORT 
CONSOLIDATED STATEMENT OF 
FINANCIAL POSITION, MEUR 
Assets 
Non-current assets 
Total non-current assets  
Current assets 
Total current assets excl. current assets held for sale 
Assets held for sale 
Total current assets  
Total assets 
Equity and liabilities 
Total equity  
Liabilities 
Total non-current liabilities  
Current liabilities excl. liabilities directly associated with assets held for sale 
Liabilities directly associated with assets held for sale 
Total current liabilities  
Total Liabilities 
Total equity and liabilities

===== SIDA 12 =====

12 
 
 
Interim report, three months 
FINANCIAL REPORT 
Consolidated statement of changes in equity

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13 
 
 
Interim report, three months 
FINANCIAL REPORT 
Consolidated statement of cash flows 
MEUR 
OPERATING ACTIVITIES   
Cash flow from operating activities before changes in working capital  
Cash flow from operating activities  
INVESTING ACTIVITIES 
Cash flow from investing activities  
FINANCING ACTIVITIES 
Cash flow from financing activities

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14 
 
 
Interim report, three months 
Notes to the financial report 
 
Note 1 Accounting principles 
Note 2 Right of use assets 
 
 
31.03.2024, MEUR Brands Frilufts 
Global 
sales Common Total 
Right-of use assets 28.7 93.8 1.3 1.7 125.5 
Interest-bearing loans 
and borrowings -30.7 -95.5 -1.3 -2.4 -129.9 
 
 
  Brands Frilufts 
Global 
sales Common Total 
Depreciation -2.2 -6.2 -0.3 -0.2 -9.0 
Interest cost -0.2 -0.5 0.0 0.0 -0.8 
 
 
 
 
 
 
31.12.2023, 
MEUR Brands Frilufts 
Global 
sales Common Total 
Right-of-use 
assets 30.3 84.9 1.4 0.6 117.2 
Lease liabilities -32.6 -86.3 -1.3 -0.5 -120.7 
 
  Brands Frilufts 
Global 
sales Common Total 
Depreciation -9.0 -23.2 -1.2 -0.8 -34.2 
Interest cost -0.8 -1.5 0.0 0.0 -2.3 
 
 
 
Note 3 Exchange rates 
  Average rate   Balance sheet closing rate 
  
Jan-Mar 
2024 
Jan-Mar 
2023 
Jan-Dec 
2023   2024-03-31 2023-03-31 2023-12-31 
EUR/SEK 11.3361 11.2355 11.4842   11.5250 11.2805 11.0960 
EUR/CHF 0.9548 0.9982 0.9712   0.9766 0.9968 0.9260 
EUR/USD 1.0825 1.0776 1.0826   1.0811 1.0875 1.1050 
CHF/SEK 11.8728 11.2552 11.8253   11.8011 11.3167 11.9827

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15 
 
 
Interim report, three months 
Note 4 Risks 
 
Note 5 Hedge accounting 
 
 
  
Market value, TEUR 
FX Forwards

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16 
 
 
Interim report, three months 
 
Note 6 Segment reporting – sales and operating result
First quarter 2024-01-01 – 2024-03-31 
 
  
Brands 
              
  Frilufts Global sales Common Group 
Jan-Mar Jan-Mar Jan-Mar Jan-Mar Jan-Mar Jan-Mar Jan-Mar Jan-Mar Jan-Mar Jan-Mar 
2024 2023 2024 2023 2024 2023 2024 2023 2024 2023 
External sales, MEUR 
EBITDA, MEUR  
Operating profit, MEUR 
Number of Stores 
of which are franchise 
Non-current assets 
Cap. Expenditures 
          
 
Brands Frilufts Global sales Common Total 
External sales per Jan-Mar Jan-Mar Jan-Mar Jan-Mar Jan-Mar Jan-Mar Jan-Mar Jan-Mar Jan-Mar Jan-Mar 
market, MEUR 2024 2023 2024 2023 2024 2023 2024 2023 2024 2023 
Switzerland 
Sweden 
Other Nordic countries 
Germany 
Benelux 
Other Europe 
Americas 
Other World 
Total 
Note 7 Outstanding options from acquisitions

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17 
 
 
Interim report, three months 
 
Note 8 Acquisition of Artic Fox s.r.o. 
 
 
Note 9 Transactions with related parties
 
Note 10 Events after period closing 
Alexander Koska  
Calendarium