Foxway reports strong Q1 growth and improved margins
Net sales rose 25.8% to SEK 2,171M, adjusted EBITDA margin improved to 8.9%, and EBIT turned positive at SEK 52.9M.
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Circular technology solutions provider
foxway.comLast updated
In short: Foxway achieved significant financial growth and secured a SEK 300 million equity injection while expanding its European circular tech operations.
Net sales rose 25.8% to SEK 2,171M, adjusted EBITDA margin improved to 8.9%, and EBIT turned positive at SEK 52.9M.
The award recognizes the cloud-based platform for compliant Microsoft Windows licensing on refurbished devices, supporting 800+ refurbishers globally.
The report highlights SEK 8.3 billion revenue, 74% from circular activities, and SEK 292 million EBITDA. It marks first-year ESRS and CSRD compliance. CEO emphasizes scaling circular business.
Rohit Sodha becomes President of Recommerce Mobile in Munich to expand European presence. Erik Hedström joins as Chief Digital Officer to drive innovation and digitalization.
Foxway has appointed two key positions to the group management, Rohit Sodha as responsible for the Recommerce Mobile business area and Erik Hedström as IT director at Foxway. The roles are important...
The Foxway Holding AB-Bond has a maturity date of 7/12/2028 and offers a coupon of 9.0310%. The payment of the coupon will take place 4,0...
Foxway welcomes the Romanian company All Birotic Devices Trade & Service S.R.L (ABD) to the Foxway group. With ABD's tech-center, Foxway strengthens its position...
Foxway has launched an advanced automated warehouse system at its largest tech center in Tartu, Estonia. The facility, built in 2022 with a clear vision of automation, sets...
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