All RevolutionRace articles
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News briefsRevolutionRace opens up in three new markets
RevolutionRace is expanding its international presence by opening up for customers in three new markets: Canada, South Korea, and Japan. RevolutionRace will now be available in approximately 40 countries. “We are very excited to continue our journey of growth by opening up for customers in three new exciting markets. We ...
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News briefsRVRC proposes sustainability and inclusion specialist from Zalando as new board member
The Nomination Committee of Swedish DTC provider RVRC Holding AB (RevolutionRace) – consisting of Øistein Widding (appointed from Altor Fund IV (No.1) AB and Altor Fund IV (No.2) AB), Peter Algar (appointed from Nyrensten Global Holding AB), Caroline Sjösten (appointed from Swedbank Robur Fonder AB) and Andreas Källström Säfweräng (Chairman ...
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ArticleRevolutionRace sees sales growth accelerate after top line grows 13% in Q3
Despite weak consumer sentiment and extensive markdowns, RevolutionRace’s top line rose by 13 percent to 414 million Swedish kroner (€37.1m) in Q3.
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News briefsJohan Svanström to leave RVRC’s board of directors
Johan Svanström informed the board of directors of RVRC Holding AB (RevolutionRace) that he wishes to resign from his position as a member of the board effective Feb. 24, 2023. Svanström is taking on a role as CEO of Rightmove, a U.K. listed company, and is unable to continue his ...
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News briefsRevolutionRace sales up 30% in Q2
Under new CEO Paul Fischbein, RVRC Holding generated record quarterly sales of 509 million kroner (€46.5m) against SEK 392 million for the second quarter ended Dec. 31. Adjusted EBIT was flat at SEK 117 million (€10.7m) as gross profit contracted to 70.7 percent from 71.4 percent. EBIT margin came in ...
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News briefsRVRC generates Q2 sales growth in all regions
RevolutionRace (RVRC), the Swedish outdoor DTC company, reported a 10 percent drop in second-quarter operating income to Swedish kroner 105 million (€9.6m) from SEK 117 million that was impacted by one-time incentive program costs of SEK 12 million (€1.1m) and advertising expenses. Ebit without the incentive cost was flat for ...
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ArticleRVRC experiences improving trends in September
RevolutionRace (RVRC), the Swedish outdoor DTC company, which installed Paul Fischbein as its permanent CEO Oct. 7 following the mid-August resignation of founder and former CEO Pernilla Nyrensten, reported a 31 percent drop in first quarter operating income to 49.8 million Swedish kronor (€4.7m) from SEK 72.7 million. Net profit ...
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ArticleRevolutionRace gets boost from new markets, products
RevolutionRace (RVRC), in its first full year as a publicly traded company, realized 48 percent revenue growth to 1,331.5 million Swedish kronor (€121.0m) and 50 percent profitability expansion to SEK 288.0 million (€26.1m). The Swedish company, now headed by CEO Paul Fischbein, attributes its steady progress over the last four ...
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News briefsFischbein is RVRC’s new permanent CEO
The board of directors of RVRC Holding AB (RevolutionRace) has appointed Paul Fischbein as the company’s permanent CEO. He previously served as CEO of RevolutionRace and assumes his permanent position effective immediately. Fischbein has extensive experience working as CEO and serving on boards, both as chairman and as a member. ...
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News briefsRevolutionRace launches new collection for children and youth
The Swedish DTC outdoor company RevolutionRace (RVRC) launched its first collection for children and youth on Sept. 20, the Swedish Day of the Rights of Public Access. The first collection features the brand’s bestselling pants and shirts in sizes 146-164. According to a company release, the RVRC product development team ...
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News briefsNyrensten steps down as CEO of RevolutionRace
Source: RVRC Holding Pernilla Nyrensten, former CEO of RevolutionRace RVRC Holding (RevolutionRace) has announced changes to its leadership team. Pernilla Nyrensten is stepping down as CEO at her own request. She will continue as an active member of the board of directors, focusing in particular on brand ...
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ArticleRevolutionRace sees 50% Q3 sales gain despite supply chain problems
RevolutionRace (RVRC), the Swedish DTC outdoor company, continued to grow rapidly in the third quarter of its financial year, as sales increased by 50 percent to 367.4 million Swedish kronor (€34.6m) despite persistent supply chain problems for some of its products. On a constant currency basis, sales in the three ...
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ArticleRevolutionRace keeps up sales momentum
Swedish DTC outdoor company RevolutionRace (RVRC) says it is seeing continued robust growth at the start of the third quarter of its fiscal year, after sales in the second quarter increased by 58 percent to 392 million Swedish kronor (€37.5m-$42.8m) amid continued strong demand for multifunctional garments. On a constant ...
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News briefsRVRC launches new product category
Swedish DTC hotspur RevolutionRace (RVRC) introduced a new product category: hiking shoes. The company describes the Phantom Trail Mid, its first-ever footwear model, as being a waterproof hiking boot for men and women with the flexibility of a trail running shoe, designed for various activities all year round. The shoe ...
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ArticleRevolutionRace nearly doubles turnover in Q1, German sales up 156%
RevolutionRace (RVRC) saw sales in the first quarter of its fiscal year jump by 95 percent from the year earlier to 254.2 million Swedish kronor (€25.6m-$29.7m), supported by continued demand for multi-functional garments and led by a stellar performance in Germany. On a constant currency basis, sales increased by 98 ...
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ArticleRevolutionRace publishes first sustainability report after IPO
In its 2020/21 Annual and Sustainability Report, Swedish DTC brand RevolutionRace (RVRC) reports that it has performed strongly and profitably over the past fiscal year, with very positive growth in both new and existing markets. RVRC Holding AB, which went public on the Stockholm Nasdaq in June, posted strong results ...
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News briefsDTC brand RevolutionRace launches Swiss online store in French and German
Swedish DTC outdoor brand RevolutionRace, which went public on the Nasdaq Stockholm stock exchange in June, continues its growth trajectory with the launch of a local online store in Switzerland. With the new store, which offers Swiss customers the option to shop in both German and French, RevolutionRace’s offerings are ...
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ArticleRevolutionRace races ahead in first financial report post-listing
RevolutionRace, the Swedish DTC outdoor company fresh from a June listing on Nasdaq Stockholm, saw sales in the fourth quarter of its fiscal year surge by 152 percent to 273.7 million Swedish kronor (€26.8m-$31.3m), led by 296 percent growth on the German market and with double or triple-digit growth in ...
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News briefsRevolutionRace completes successful IPO
Swedish outdoor company RevolutionRace , founded in 2013 by Pernilla and Niclas Nyrensten , completed its IPO on Nasdaq Stockholm on June 16 at a valuation of 8.47 billion Swedish kronor (about €838m-$1bn). It is quite rare for a new company to be listed on the Nasdaq Stockholm stock ...
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News briefs
UPDATE: RevolutionRace goes public
According to ehandel.se, RevolutionRace from Sweden has published its prospectus and IPO price on June 7 (we reported earlier). The latter lands at SEK 75 (€7.44-$9.06) per share, which corresponds to a market value of just under SEK 8.5 billion (€843m-$1.02bn). Founders Pernilla and Niclas Nyrensten, who currently own 34 ...
