Strengthened market share
– Continued growth despite high comparative figures and a more challenging market

HIGHLIGHTS

• Net sales increased 21.1% to SEK 3,110.6 million (2,567.8). Organic growth was 0.6% and pro-forma organic growth was 3.0%
• Gross profit increased 20.6% to SEK 841.7 million (697.8), with a gross margin of 27.1% (27.2)
• Adjusted EBIT amounted to SEK 134.2 million (183.7), corresponding to an adjusted EBIT margin of 4.3% (7.2)
• Cash flow from operating activities amounted to SEK 121.7 million (119.5)
• Earnings per share amounted to SEK 0.89 (0.97) before dilution and SEK 0.88 (0.96) after dilution

Key events during and after the period

• BHG Group’s subsidiary Vitvaruexperten acquired 100% of Hemmy AB. 51% of the total consideration was paid in cash while the remainder was settled by the sellers receiving shares in the combined enterprise. Hemmy.se conducts online sales of consumer appliances, household appliances, and home and garden products in Sweden. The acquisition will broaden BHG’s offering on Vitvaruexperten.com as well as on the Group’s other relevant platforms. The acquisition will also enable further economies of scale in terms of purchasing, logistics and market strategies. Sales for Hemmy.se amounted to SEK 103 million in 2021.

CONFERENCE CALL IN CONNECTION WITH PUBLICATION OF THE QUARTERLY REPORT
Adam Schatz, President and CEO, and Jesper Flemme, CFO, will hold a conference call at 10:00 a.m. on Wednesday, 27 April in connection with the publication of the interim report. The call will be held in English. To participate, please call
+46856642703 or visit https://tv.streamfabriken.com/bhg-q1-2022. The presentation will be available from the Group’s website: https://www.wearebhg.com/investors/presentations/.

QUARTERLY REPORTS ON WWW.WEAREBHG.COM
The full interim report for the period January-March 2022 and previous quarterly and year-end reports are available at https://www.wearebhg.com/investors/financial-reports/