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Regulatory press release

Actic Group AB: Continued adjustment with clear targets in sight

Actic Group
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  • Net sales decreased with 1% to SEK 238 million (240).
  • EBIT amounted to SEK -1.5 million (20.7), corresponding to a margin of -0.6% (8.7).
  • Earnings per share amounted to SEK -0.66 (0.35).
  • The average income per member and month increased with 1 per cent to SEK 352 (350).

In today's interim year report, Actic Group reports a negative growth of 1% in the second quarter. EBIT amounted to SEK -1.5 million with a negative margin of 0.6%. The result has been affected by the restructuring work during the second quarter, which resulted in additional costs totaling nearly SEK 12 million due to, for example, organisational changes and support costs. The average income per member and month (ARPM) increased with 1% to SEK 352.

"The operating profit for the second quarter is highly unsatisfactory. With the goal to increase the organisation's profitability with SEK 40-50 million on an annual basis we continue to work on conceptualizing the offer and streamlining the business. Further, underperforming clubs are monitored and where long-term profitability targets are not achieved, closure or divestment will take place, which will generate an earnings improvement in the range of SEK 12-15 million on an annual basis", says Anders Carlbark, CEO and President of Actic Group.

Restructuring costs will be phased out during the second half of the year, while our efficiency work will gradually yield results and new staffing efficiency targets will be implemented in order to reduce staff costs.

For further information, please contact:

Anders Carlbark, CEO, anders.carlbark@actic.se,+46 72 980 53 94

Niklas Alm, Investor Relations, niklas.alm@actic.se,+46 70 824 40 88

The information above is such that Actic Group AB is obliged to make public pursuant to the EU Market Abuse Regulation and the Securities Markets Act. The information was submitted for publication, through the agency of the contact person set out above, at 07:45 CET on Thursday August 22nd.

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