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)

First 6 months, January 1st – June 30th, 2022

  • 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

Significant events during the second quarter

  • 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.

Significant events after the second quarter

  • 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.
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