PADELNasdaq StockholmEngineering & ConstructionIFRS · SEK

Acenta Group

Acenta Group is a Sweden-based padel business built around court infrastructure, equipment sales, and related services. The company combines its own brands and e-commerce channels with distribution partnerships and project-based installation work across Scandinavia, Europe, and selected international markets.

Revenue2.8m SEK
+158.0 %y/y
Operating profit (EBIT)-5.9m SEK
EBIT margin-209.1%

Fiscal year 2024 · change from previous year

Development 2018–2024

-6-4-2024m SEK2018: 1.9 m SEK20182020: 0.67 m SEK20202021: 0.20 m SEK20212022: 0.36 m SEK20222023: 1.1 m SEK20232024: 2.8 m SEK2024: EBIT -5.9 m SEK20242.8-5.9
RevenueOperating profit (EBIT)

Business

Share of revenue
Padel infrastructure45 %

Design, construction, installation, relocation, and maintenance of padel courts.

E-commerce equipment sales30 %

Online sales of rackets, clothing, accessories, balls, and related padel gear.

Proprietary products15 %

Own-brand products, especially Peliga padel balls and selected branded offerings.

Distribution partnerships7 %

Sales and installation through exclusive or selected partner agreements.

Events and tournaments3 %

Padel tournament organization and related commercial event activities.

Customers

Acenta sells to a mix of individual players, padel clubs, resellers, and corporate partners. Its infrastructure offering is aimed at operators and venue owners that need complete court solutions, while its e-commerce and branded products serve consumers and smaller buyers seeking equipment and accessories. The company also works through agents and distribution partners, which extends reach into local markets and specialized customer niches.

Padel clubs and facility operators

Buy courts, renovations, maintenance, and related infrastructure because they need turnkey venue solutions.

Individual consumers

Buy rackets, balls, clothing, and accessories through Sport of Padel for personal play.

Resellers and agents

Buy or distribute Acenta products and brands to extend local market coverage.

Corporate and commercial partners

Buy padel infrastructure or sponsorship-related services to support venues and events.

Financed facility customers

Buy courts through leasing or financing structures to reduce upfront capital needs.

Strategy

Acenta's strategy is to build a broader padel ecosystem that links infrastructure, products, digital commerce, and partner distribution. It is focused on entering new markets, scaling recurring revenue models, and using acquisitions and partnerships to deepen its offering and local reach.

Geographic expansionMedium term

New markets increase the addressable base for courts, equipment, and services.

Recurring revenue modelsMedium term

Service, maintenance, and financing arrangements can smooth project-driven sales.

Broaden product offeringShort term

A wider assortment supports cross-selling and higher customer lifetime value.

Strategic acquisitions and partnershipsMedium term

Partnerships and acquisitions can add distribution, manufacturing, and installation capacity.

Geography

Acenta has its strongest base in Scandinavia and is expanding across Europe, with emphasis on the UK, the Netherlands, Belgium, Ireland, Germany, and Poland. The company also has international ambitions in Australia, New Zealand, and Oceania through partner agreements, which broadens its addressable market beyond Europe. Geography matters because padel adoption, court density, and financing needs differ significantly by market maturity.

Risks

Acenta is exposed to execution risk because its growth model depends on winning partnerships, delivering projects, and scaling into new countries. It also faces financing, supplier, and customer-credit risk because court projects often require external funding, partner coordination, and reliable installation execution. As a padel-focused business, it is additionally exposed to competition, market adoption trends, and the risk that growth in new regions develops more slowly than expected.

Sorted by severity
LowMediumHighLowMediumHighImpact →Likelihood →Access to capital and liquidity1Customer financing and payment risk2Supplier and partner dependence3Competitive market pressure4Geographic expansion execution5
Impact is the risk’s severity and likelihood how probable it is over the next few years, both assessed from the company’s reports. Numbers match the list.
  1. Access to capital and liquidityImpact: HighLikelihood: High

    Growth, project delivery, and working capital needs may require external funding.

    Exposure: Corporate expansion and court installation pipeline

  2. Customer financing and payment riskImpact: HighLikelihood: High

    The leasing/financing model depends on customer repayment and partner funding.

    Exposure: Padel facility customers using structured payment solutions

  3. Supplier and partner dependenceImpact: HighLikelihood: Medium

    Court manufacturing, distribution, and installation rely on third parties.

    ExposureNXPadelPadel GalisCourt CultureInstallation partners
  4. Competitive market pressureImpact: MediumLikelihood: High

    The padel market attracts new entrants and established competitors.

    ExposureInfrastructureEquipmentRelated services
  5. Geographic expansion executionImpact: MediumLikelihood: Medium

    New markets require local relationships, logistics, and demand validation.

    ExposureUKEuropeOceania expansion

Accounting

Judgemental items
Reverse acquisition accounting

The group was formed through a reverse acquisition, affecting presentation and comparability.

Impact: Opening balances and historical figures may not be directly comparable

Revenue recognition on court projects

Construction, installation, and service contracts may recognize revenue over time or at completion.

Impact: Quarterly revenue and margin can shift with project timing

Provisions for doubtful receivables

Customer and partner payment risk can require credit-loss estimates.

Impact: Affects operating profit and cash flow

Foreign currency valuation

International agreements and cross-border operations create FX exposure.

Impact: Can affect receivables, liabilities, and reported earnings

Acquisition-related liabilities and equity classification

Setoff issues and deferred consideration require careful balance-sheet classification.

Impact: Can change leverage, equity, and cash flow presentation

Publicly listed companies with a comparable business focus.

Last updated: 24/09/2026

Acenta Group (PADEL) Revenue, Earnings & Financials 2024 – Clarifo