Page 1

Hövding Hövding Sverige AB Interim Report October - December 2020 Growth continued in 2020 Financial resultats for the period Number of Hövding helmets sold during the fourth quarter increased to 33,853 ( 28,551 ) ( + 19 % ) Net sales of KSEK increased to 52,759 ( 46,467 ) ( + 14 % ) ● ● ● ● Financial resultats full year Number of Hövding helmets sold full year 2020 increased to 96,560 ( 71,555 ) ( + 35 % ) Net sales of KSEK increased to 152,517 ( 112,919 ) ( + 35 % ) ● Gross margin of 24 % ( 22 % ) EBITDA of KSEK -5,708 ( -9,229 ) Profit after tax KSEK -7,387 ( -10,137 ) Profit per share SEK -0,27 ( -0,45 ) Cash flow from operating activities KSEK -8,364 ( -2,016 ) ● Gross margin of 23 % ( 26 % ) ● EBITDA of KSEK -38,558 ( -48,328 ) Result after tax KSEK -44,247 ( -50,928 ) Result per share SEK -1,82 ( -2,29 ) Cash flow from operating activities KSEK -43,160 ( -32,805 ) Operating profit includes an item relating to restructuring costs of 3,750 KSEK of a non - recurring nature . ● Net sales , KSEK EBITDA , KSEK Net income , KSEK Earnings per share , SEK Cash flow from operating activities , KSEK 56 -60 % Q1 70 QUARTERLY NET SALES AND EBITDA 12 MONTHS ROLLING -51 % Q2 2018 85 -43 % Q3 93 -42 % Q4 104 -38 % Q1 OCT - DEC Net sales SEKm 2020 52 759 -5 708 -7 387 -10 137 -0,27 -0,45 -2 016 -8 364 107 -39 % Q2 2019 2019 46 467 -9 229 96 -51 % Q3 % +13,5 +38,2 +27,1 +41,3 -314,8 113 -43 % Q4 114 -48 % Q1 JAN - DEC 2020 152 517 -38 558 -44 247 -1,82 -43 160 119 -42 % Q2 EBITDA % ( excl . restrucuring costs 2019 112 919 -48 328 -50 928 -2,29 -32 805 2020 146 -26 % Q3 % +35 , 1 +20,2 +13,1 +20,6 -31,6 153 -23 % Q4 Q4 2020 1