The Adjusted EBITDA margin improved by 13%p. year over year. The free cash flow margin also improved by 47%p. year over year. The Company has taken further efficiency measures, resulting in annual cost savings of c. SEK 32 million with full effect expected in the third quarter.

Bambuser signed several new contracts with enterprise customers across all markets in the quarter, including Lego and KOSÉ. The Company further renewed and expanded several contracts, including John Lewis, Clarins, Macy’s, and YOOX Net-a-Porter.

Q2 2023 Key highlights

• Solid ARR traction with our biggest customers and continuous positive year over year momentum in profitability and cash flow.

• ARR of SEK 126.0 million, -2% y/y at constant exchange rates (“CER”).

• Net Sales of SEK 49.0 million (49.7) with SaaS revenue growth of +5% y/y.

• Adjusted EBITDA of SEK -32.8 million (-44.6), representing a -59% margin and a 13%p. margin improvement vs. Q2 2022

• Free Cash Flow of SEK -26.0 million (-49.5), representing a -53% FCF margin and a 47%p. margin improvement vs. Q2 2022.

• End of quarter Cash Balance of SEK 324.0 million (442.7), which is sufficient to take Bambuser to positive cash flow.

The full Q2 2023 report is published at https://ir.bambuser.com/report-archive