Göteborg,
The third quarter in summary (July-
- Net sales increased by 11.1% (12.8%) and totaled tSEK 61,065 (54,976). Currency-adjusted net sales growth totaled 2.6% (7.3%).
- Operating profit totaled tSEK 20,427 (13,563) and the operating margin was 33.5% (24.7%). No expenses affecting comparability have been expensed.
- The total number of paying subscribers at the end of the period was 887,000 (912,000), a decrease of 2.7% compared with the previous year.
-
Average Revenue per User (ARPU) for the quarter totaled
SEK 276 (239), a growth of 15.5% (14.4%). -
Earnings per share before dilution for the quarter totaled
SEK 0.82 (0.55). Results per share after dilution totaledSEK 0.82 (0.54).
Nine months in summary (January-
- Net sales increased by 11.5% (16.8%) and totaled tSEK 175,745 (157,569). Currency-adjusted net sales growth totaled 2.2% (14.4%).
- Operating profit totaled tSEK 44,251 (39,099) and the operating margin was 25.2% (24.8%).
- Adjusted operating profit totaled tSEK 49,082 (39,099) and adjusted operating margin was 27.9% (24.8%). During 2023, non-recurring items of in total tSEK 4 533 related to the optimization program and tSEK 298 related to the public cash offer from Velvet Cichlid during 2022 affecting comparability have been expensed.
- The total number of paying subscribers at the end of the period was 887,000 (912,000), a decrease of 2.7% compared with the previous year.
-
Average Revenue per User (ARPU) for the period totaled
SEK 261 (231), a growth of 13.0% (10.0%). -
Earnings per share before dilution for the period totaled
SEK 1.77 (1.59). Results per share after dilution totaledSEK 1.77 (1.55).
Important events during the reporting period
- At an extraordinary general meeting held on
July 26 ,Sleep Cycle's founder and majority shareholder Maciej Drejak was elected as a new board member. -
On
August 25th it was announced that Erik Jivmark was being appointed as the new CEO to replace Carl Johan Hederoth. Erik Jivmark takes over onNovember 1 ; the company's CFO Per Andersson is serving as acting CEO for the periodOctober 1 to October 31 . -
In September,
Sleep Cycle released new features that align with the updates in Apple iOS 17 and Watch 10.
Important events after the period end
No significant events have occurred after the reporting period.
Commenting on the quarter, acting CEO Per Andersson says:
"The third quarter was successful for
"We are currently in a strong momentum after several successful feature launches in the third quarter. One of these are the new features released as part of Apple's iOS 17 launch, which have been performing very well thanks to a good cooperation with Apple. With a strong product roadmap, increased investments in AI and several exciting partnership discussions, we are in a good position to capitalize on our success and further increase the growth rate going forward".
This information offered is such that
The full interim report is available on https://investors.sleepcycle.com
Acting CEO and CFO Per Andersson will give a presentation on Wednesday 25 October at
For more information please contact:
Per Andersson
Acting CEO and CFO
per.andersson@sleepcycle.com
+46 70 939 5327
About
With millions of daily active users and over two billion nights analyzed in more than 150 countries,
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