Summary of the period

Second quarter: April 1st – June 30th, 2022

Numbers in parentheses refers to outcomes during the corresponding period of the previous year.

Net revenue amounted to 470.9 MSEK (160.2 MSEK), corresponding to an increase of 194%
Operational EBITDA amounted to 118.6 MSEK (48.2 MSEK), corresponding to an increase of 146%, and an EBITDA-margin of 25.2% (30.1%). The adjustments refer to an accounting adjustment of acquired inventory of 13.1 MSEK
Organic, currency-adjusted growth amounted to 4%
Operational EBIT amounted to 107.3 MSEK (45.0 MSEK), corresponding to an increase of 138% and an EBIT-margin of 22.8% (28.1%)
Profit after tax amounted to 77.6 MSEK (15.2 MSEK)
Earnings per share calculated on 158 111 805 shares 0.49 SEK (0.14 SEK)*
As of June 30, 2022 cash amounted to 235.5 MSEK (1 261.0 MSEK)

Net revenue amounted to 848.6 MSEK (294.1 MSEK), corresponding to an increase of 188%
Operational EBITDA amounted to 213.3 MSEK (84.9 MSEK), corresponding to an increase of 151% and an EBITDA-margin of 25.1% (28.8%). The adjustments refer to costs in connection with the acquisition of NaturVet and Innovet of 11.2 MSEK and an accounting adjustment of acquired inventory of 17.5 MSEK
Organic, currency-adjusted growth amounted to 6%
Operational EBIT amounted to 189.1 MSEK (81.1 MSEK), corresponding to an increase of 133% and an EBIT-margin of 22.2% (27.6%)
Profit after tax amounted to 103.0 MSEK (24.2 MSEK)
Earnings per share calculated on 152 325 798 shares 0.68 SEK (0.23 SEK)*
Cash flow from operating activities amounted to 65.9 MSEK (56.7 MSEK)
Foreign exchange gains amounted to 4.4 MSEK

* Converted to the number of shares after the share split 5:1 that took place in May 2021

Swedencare´s subsidiary Vetio receives Intention to Grant from the European Patent Office (EPO) and Notice of Allowance from the United States Patent Office (USPTO) for its Starch-Free Soft Chew.

Swedencare executes the earn-out payment of 27.5 MUSD in relation to the acquisition of NaturVet as the target for it was reached already in May.