Swedish company Revolution Race rushes on. A very strong report for the company’s third quarter, January – March 2022, shows continued demand for colorful outdoor clothing.

During the third quarter of the company’s broken financial year, net sales amounted to SEK 367.4 million. This is an increase of 50 percent compared with the same period last year.

Operating profit, Ebit, rose by 61 percent and amounted to SEK 103.5 million.

The average order value also increased from SEK 777 last year to SEK 849 this year.

During the quarter, Revolution Race was launched in Estonia and now has local online stores in 17 markets.

In February, bags were also launched as a new product category and have, according to the report, been well received.

According to the company’s CEO Pernilla Nyrensten, focused marketing efforts in combination with calibration of the range are behind the successes.

“During the third quarter, we have once again received confirmation that our digital business model in combination with a timeless brand not only works, it has once again exceeded our own expectations.”

Revolution Race was listed on the stock exchange in June last year and has since had a growth of at least 58 percent during the quarter,