Start / Fractal Gaming Group Interim Report January-March 2023

Fractal Gaming Group Interim Report January-March 2023

First quarter 2023

  • Net sales amounted to SEK 195.5 million (117.5).
  • Product profit amounted to SEK 79.1 million (47.2), with a product margin of 40.4% (40.2).
  • EBITDA amounted to SEK 41.6 million (11.3), corresponding to an EBITDA margin of 21.3% (9.6).
  • EBIT amounted to SEK 36.5 million (7.3), corresponding to an EBIT margin of 18.7% (6.2).
  • Operating cash flow amounted to SEK 58.8 million (7.1).
  • Interest-bearing net debt was SEK 50.6 million (119.1).
  • Earnings per share amounted to SEK 0.9 (0.2)
  • No items affecting comparability for the quarter.

Hannes Wallin, CEO and Founder of Fractal comments:
“We began the year with a strong sales and earnings performance, where demand for our products exceeded our expectations. During the last two years, we have had many successful product launches, and we now have our strongest-ever product portfolio, which has enabled an increase in market shares. To generate growth, we are also increasing our marketing activities to reach even more gamers in existing and new segments.

Despite continued macroeconomic and geopolitical uncertainty that is generally affecting consumer purchasing power in most markets, demand for PC gaming hardware continued to improve in the first quarter. The second quarter began on a continued strong note, and we see excellent potential for continued growth in 2023, based on our attractive product portfolio that meets the demand we see from high-performance gamers around the world.”

Telephone and web conference
A telephone and web conference will be held for investors, analysts and media on May 11, 11.00 (CEST). CEO, Hannes Wallin and CFO, Karin Ingemarson will present and comment on the report and the presentation will be followed by a question and answer session.

Link to web conference:
https://ir.financialhearings.com/fractal-gaming-group-q1-2023

To sign up for the telephone conference:
https://conference.financialhearings.com/teleconference/?id=200752

Downloadable files
Interim Report 2023 Q1 (PDF)
PR Interim Report 2023 Q1 (PDF)

For more information, please contact
Hannes Wallin, CEO and founder, Fractal
Telephone: +46 31 380 71 00
E-mail: [email protected]

Karin Ingemarson, CFO, Fractal
Telephone: +46 31 380 71 00
E-mail: [email protected]

This information is information that Fractal Gaming Group is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 8:00 a.m. CEST on May 11, 2023.

Certified Advisor
Andreas Stigers
FNCA Sweden AB

About Fractal
Fractal is a leading company in the premium segment of PC gaming products. The Group was founded in 2010 and our products are currently sold in more than 50 markets worldwide. Fractal is the market leader in premium PC cases in several geographic markets, for example in the Nordic region, is top two in Japan, and holds a top-three position globally.

 

Disclaimer

The information contained in this section of Fractal's website is restricted and is not for release, publication or distribution, directly or indirectly, in whole or in part in, in or into the United States, Australia, Canada, Hong Kong, Japan, New Zealand, South Africa or in any jurisdiction in which such release, publication or distribution would be unlawful or would require registration or other measures besides those required under Swedish law.

Enter the country you live in.

Enter the country you are in.

Unfortunately

The information contained in this section of Fractal’s website is restricted and is not for release, publication or distribution, directly or indirectly, in whole or in part in, in or into the United States, Australia, Canada, Hong Kong, Japan, New Zealand, South Africa or in any jurisdiction in which such release, publication or distribution would be unlawful or would require registration or other measures besides those required under Swedish law. We apologise for any inconvenience this may cause. Click here to return to the homepage.

Back to home

Important information

Due to legal restrictions, the information on this part of the website is not directed at or accessible to certain persons. We kindly ask you to review the following information and provide the following confirmation each time you wish to access this part of the website. Please note that the terms set out below may be altered or updated and therefore it is important that you review them each time you visit this website.

The information contained in this section of Fractal Design’s website is not intended for, and must not be accessed by, or distributed or disseminated, directly or indirectly, in whole or in part, to persons resident or physically present in the United States of America (including its territories and possessions, any state of the United States and the District of Columbia, the “United States”), Australia, Canada, Hong Kong, Japan, New Zealand, South Africa or any jurisdiction where to do so might constitute a violation of the local securities laws or regulations of such jurisdiction, and does not constitute an offer to sell or the solicitation of an offer to buy or acquire, securities of Fractal Design in the United States, Australia, Canada, Hong Kong, Japan, New Zealand, South Africa or any jurisdiction where to do so might constitute a violation of the local securities laws or regulations of such jurisdiction.

Any share of Fractal Design referred to on this website (the “Securities”) have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”) or with any securities regulatory authority of any state of the United States, and may not be offered or sold within the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and in compliance with any applicable securities laws of any state or other jurisdiction of the United States. The Securities have also not been and will also not be registered under the applicable securities laws of Australia, Canada, Hong Kong, Japan, New Zealand or South Africa and, subject to certain exemptions, may not be offered or sold in or into or for the account or benefit of any person having a registered address in, or located or resident in Australia, Canada, Hong Kong, Japan, New Zealand or South Africa. There will be no public offer of the Securities in the United States, Australia, Canada, Hong Kong, Japan, New Zealand or South Africa.

Any offer of shares in any member state of the EEA or in the United Kingdom (each a “Relevant State”) (with the exception of Sweden) will be made pursuant to an exemption under Prospectus Regulation from the requirement to publish a prospectus for offers of shares. As a consequence, the Securities may only be sold in any Relevant State pursuant to an exemption under the Prospectus Regulation. This portion of the website is directed only at persons who are “qualified investors” within the meaning of Article 2(e) of the Prospectus Regulation. For the purposes of this paragraph the expression “Prospectus Regulation” means Regulation (EU) 2017/1129 (as amended or superseded).

This website and the information contained herein are directed only at, persons who: (i) have professional experience in matters relating to investments falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended, the “Order”), (ii) are persons falling within Article 49(2)(a) to (d) (“high net worth companies, unincorporated associations etc.”) of the Financial Promotion Order, (iii) are outside the United Kingdom, or (iv) are persons to whom an invitation or inducement to engage in investment activity (within the meaning of section 21 of the Financial Services and Markets Act 2000 (“FSMA”)) in connection with the issue or sale of any securities may otherwise lawfully be communicated or caused to be communicated (all such persons together being referred to as “relevant persons”). This website and the information contained herein must not be acted on or relied on by persons who are not Relevant Persons.  Any investment or investment activity to which this website and the information contained herein relate is available only to Relevant Persons and will be engaged in only with Relevant Persons.

Access to the information and documents contained on the following websites may be illegal in certain jurisdictions, and only certain categories of persons may be authorized to access such information and documents. All persons residing outside of Sweden who wish to have access to the documents contained on this website should first ensure that they are not subject to local laws or regulations that prohibit or restrict their right to access this website, or require registration or approval for any acquisition of Securities by them. No such registration or approval has been obtained outside Sweden. Fractal Design assumes no responsibility if there is a violation of applicable law and regulations by any person.

I therefore certify that:

  1. I am resident and physically present outside the United States, Australia, Canada, Hong Kong, Japan, New Zealand, South Africa and any jurisdiction in which such release, publication or distribution would be unlawful or would require registration or other measures besides those required under Swedish law.
  2. I am resident and physically present (a) in Sweden or (b) outside Sweden and each of the jurisdictions referred to in clause (1) above and, in that case, I am authorized to access the information and documents on this website without being subject to any legal restriction and without any further action required by Fractal Design.