ACCELERATED SALES GROWTH
JULY –
- Net sales increased by 54 percent (39 percent at constant exchange rates) and amounted to SEK 84.6 million (54.9).
- The
North America (NA) segment reported a sales growth of 72 percent (49 percent at constant exchange rate). - The
Europe & Rest of the World (EUROW) segment reported a sales growth of 28 percent (23 percent at constant exchange rates). - The gross margin amounted to 90.8 percent (89.0).
- Operating result before effects from the Group’s incentive programs amounted to
SEK -4.4 million (-15.7). Reported operating result amounted toSEK -13.9 million (-13.3). - Earnings per share, before and after dilution, were
SEK -0.23 (-0.22).
JANUARY -
- Net sales increased by 49 percent (34 percent at constant exchange rates) and amounted to SEK 225.6 million (151.5).
- The
North America (NA) segment reported a sales growth of 65 percent (42 percent at constant exchange rate). - The
Europe & Rest of the World (EUROW) segment reported a sales growth of 27 percent (23 percent at constant exchange rates). - The gross margin amounted to 90.1 percent (89.0).
- Operating result before effects from the Group’s incentive programs amounted to
SEK -26.1 million (-58.1). Reported operating result amounted toSEK -45.3 million (-58.9). - Earnings per share, before and after dilution, were
SEK -0.74 (-0.96).
"Strong sales success in the US and new unique long-term data."Emil Billbäck, CEO
EVENTS DURING THE REPORTING PERIOD
- In accordance with a resolution from the annual general meeting in May, the share swap that was entered into previous year has been closed during the period. This led to an inflow in cash of
SEK 50.7 million . - At a capital markets day in September, the Company communicated an updated financial goal of 40 percent sales growth per year in the next three years (2023-2025).
- In September, the Company announced the publication of long-term data confirming the clinical advantages of CERAMENT G in a single-stage protocol to manage osteomyelitis.
EVENTS AFTER THE REPORTING PERIOD
The Company’s antibiotic-eluting bone graft CERAMENT G has been used surgically for the first time in patients in the US.
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