Announcement • Jun 17
Pierce Group Expands Private Brand Offering with Raven Launches Updated Brand and New Product Categories Pierce Group was expanding its private brand offering through Raven’s launch for this year’s high season. The expansion was part of a major revamp of the Raven brand, including new product categories, for both the Offroad and Onroad segment, updated designs and a broader assortment across apparel and protective gear. The launch was in line with the Company’s strategy to strengthen its own brands and increase the share of sales from private brands. Pierce Group continues to improve its private brand offering by revamping Raven – the Company’s flagship brand within apparel, helmets and protective gear. The initiative is part of Pierce’s broader strategy to drive customer loyalty, assortment differentiation and long-term profitability through a strengthened portfolio of own brands. As part of this strategy, Pierce has focused on consolidating and scaling its core brands while expanding into adjacent categories with attractive growth potential. Historically positioned primarily within Offroad and motocross, Raven has expanded its offering in the motorcycle segment by the introduction of new product lines. The expansion has been driven by increasing customer demand for the Raven offering from Onroad riders across Europe. Additionally, the revamp also includes an update of Raven’s Offroad offering, which addresses previous gaps in Pierce’s private label assortment. Over the past year, Raven has been rebuilt from the ground up. Not as a seasonal refresh, but as a complete rethink of what the brand should become moving forward. Every part of the collection – from materials and fit to protection, styling and rider mobility – has been challenged and refined. The result is a wider and significantly improved offering that addresses the needs of riders, whether Offroad or Onroad. The initiative also includes a design transformation to further enhance Raven’s visual identity, including a new logo. The updated collection introduces a more modern and cohesive design language across both Offroad and Onroad categories. The new Raven assortment is being rolled out across Pierce Group’s platforms during the ongoing riding season. Reported Earnings • May 11
First quarter 2026 earnings: EPS and revenues miss analyst expectations First quarter 2026 results: kr0.076 loss per share (improved from kr0.43 loss in 1Q 2025). Revenue: kr421.0m (up 5.0% from 1Q 2025). Net loss: kr6.00m (loss narrowed 82% from 1Q 2025). Revenue missed analyst estimates by 3.9%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to grow 8.3% p.a. on average during the next 3 years, compared to a 3.4% growth forecast for the Specialty Retail industry in Sweden. Over the last 3 years on average, earnings per share has increased by 75% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth.