Press Releases

Actic Group Q1 - Efficiency enhancements and acquisitions strengthen results

In today’s interim report for the first quarter, Actic Group reported a growth of 8 per cent amounting to SEK 244.2 million (226.0), driven by acquisitions. The organic growth was -1 percentage points, explained by the application of the new revenue recognition principle, IFRS 15, which implies that membership fees will be recognised over the duration of the agreement. Simultaneously, as a result of continued favourable development of the PT business, average income per member increased by 1 per cent to SEK 353 million (349) per month.

The adjusted EBITDA amounted to SEK 39.5 million (36.3), including an adjusted EBITDA margin of 16.2 (16.0) per cent. Items affecting comparability amounted to SEK 0 million (10.3). The member base increased with almost 15,000 members to just above 231,000 at the end of the period.

”The implementation of IFRS 15 affects us negatively with SEK 5 million during the first quarter, which is our peak season in terms of sold cards. Adjusted for this effect, organic growth was positive and the EBITDA margin was 17.9 (16.0). We continue to work on streamlining and reducing costs in the Group while simultaneously continuing to invest in service and customer offering, as well as in new facilities”, says Christer Zaar, President and CEO of Actic Group.

In a telephone conference at CET 9:15 am today CEO Christer Zaar and CFO Jörgen Fritz comments on the interim report. The telephone number is           +46 8 22 90 90 and the code 426565. A presentation will be published on www.acticgroup.com before the conference.

For further information, please contact:

Christer Zaar, VD Actic, [email protected], 070-893 33 22

Niklas Alm, Investor Relations, [email protected], 070-824 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 May 15th.