BBROOMNasdaq StockholmInternet RetailIFRS · SEK

New Bubbleroom Sweden

New Bubbleroom Sweden AB is a Swedish fashion e-commerce company focused on clothing, lingerie, shoes, and accessories for women. Founded in 2005 and headquartered in Borås, it sells primarily through its own online channel and also reaches parts of Europe through Zalando.

Revenue425m SEK
−3.4 %y/y
Operating profit (EBIT)-20.7m SEK
−24.9 %y/y
EBIT margin-4.9%
−1.1 ppy/y
Net income-23.5m SEK
−33.1 %y/y

Fiscal year 2025 · change from previous year

Development 2021–2025

-1000100200300400500m SEK2021: 411 m SEK2021: EBIT -6.0 m SEK20212022: 443 m SEK2022: EBIT -25 m SEK20222023: 426 m SEK2023: EBIT -28 m SEK20232024: 440 m SEK2024: EBIT -17 m SEK20242025: 425 m SEK2025: EBIT -21 m SEK2025425-21
RevenueOperating profit (EBIT)

Business

Share of revenue
Women’s apparel55 %

Dresses, tops, outerwear, and other clothing sold under Bubbleroom and partner brands.

Lingerie and underwear15 %

Intimate apparel and related basics for the company’s core female customer base.

Shoes12 %

Footwear offered alongside fashion looks to complete the outfit assortment.

Accessories10 %

Bags, jewelry, and other add-on items that complement apparel purchases.

Own-brand and collaboration collections8 %

Private-label lines and exclusive influencer-designed collections that differentiate the assortment.

Customers

Bubbleroom sells to women shopping for fashion, occasionwear, and lifestyle-oriented looks, with a brand position centered on glamorous and feminine style. Its customer base is primarily in the Nordics, while some orders are distributed into parts of Europe through marketplace channels such as Zalando.

Nordic female fashion consumers

Buy clothing, shoes, and accessories for everyday wear and special occasions because the brand is positioned around feminine, glamorous style.

Own-brand loyal customers

Buy Bubbleroom-branded collections for a consistent aesthetic and product identity that differs from broad-market fashion retailers.

Marketplace customers in Europe

Purchase through Zalando and similar channels for access to Bubbleroom’s assortment outside the core Nordic market.

Influencer-driven shoppers

Respond to exclusive designs and collaborations with Nordic influencers, which support discovery and brand engagement.

Strategy

Bubbleroom’s strategy is to strengthen its position as a lifestyle destination for women’s fashion, anchored by a distinctive feminine brand and a high share of own-label products. It also uses influencer collaborations and marketplace distribution to broaden reach while keeping the assortment tightly curated.

Strengthen own-brand assortmentMedium term

Private-label products help differentiate the offer and give the company more control over design and merchandising.

Grow brand awareness and customer engagementShort term

A clear lifestyle brand can improve repeat traffic and support premium positioning in a crowded online fashion market.

Broaden European reach through marketplacesMedium term

Marketplace distribution can extend sales beyond the Nordic core without building a large physical retail network.

Geography

The company is headquartered in Borås, Sweden, and its core customer base is in the Nordics. It also distributes to parts of Europe through Zalando, which extends reach beyond its home market without requiring a large direct retail footprint.

Risks

Bubbleroom is exposed to fashion demand volatility, inventory risk, and intense competition from online apparel retailers and marketplaces. Its business also depends on brand relevance, product returns, and the performance of its own-brand assortment and external platform partners.

Sorted by severity
LowMediumHighLowMediumHighImpact →Likelihood →Fashion and demand volatility1Inventory obsolescence and markdown risk2Marketplace dependence3
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. Fashion and demand volatilityImpact: HighLikelihood: Medium

    Apparel demand is highly trend-driven, so weak product-market fit can quickly reduce sell-through.

    ExposureWomen’s fashionOccasionwearSeasonal collections
  2. Inventory obsolescence and markdown riskImpact: HighLikelihood: Low

    Seasonal fashion products can lose value quickly if they are not sold in the intended season.

    ExposureOwn-brand apparelShoesAccessories
  3. Marketplace dependenceImpact: MediumLikelihood: Low

    A meaningful part of European distribution runs through Zalando, creating channel concentration and partner dependency.

    Exposure: European sales outside the Nordic core

  4. Returns and fulfillment complexityImpact: Medium

    E-commerce fashion typically has high return rates, which can affect logistics, stock availability, and customer economics.

    Exposure: Online apparel and footwear sales

Accounting

Judgemental items
Revenue recognition and return reserves

Sales are recorded when control transfers, while expected returns are reserved against revenue, affecting net sales timing and comparability.

Impact: Net sales and gross margin

Inventory obsolescence provisions

Fashion inventory can become outdated quickly, requiring write-downs based on historical outcomes and sales forecasts.

Impact: Cost of goods sold and inventory carrying value

Hedge accounting and foreign exchange

The company uses derivatives for hedging, so valuation and hedge effectiveness can affect reported financial items.

Impact: Financial income/expense and equity

Lease accounting

Warehouse and office leases create right-of-use assets and lease liabilities that affect balance sheet presentation.

Impact: EBITDA, depreciation, and leverage metrics

Publicly listed companies with a comparable business focus.

Last updated: 24/09/2026

New Bubbleroom Sweden (BBROOM) Revenue, Earnings & Financials 2025 – Clarifo