Midsona AB Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
October 25, 2022 at 02:00 am EDT
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Midsona AB (publ) reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was SEK 944 million compared to SEK 893 million a year ago. Net loss was SEK 478 million compared to net income of SEK 31 million a year ago. Basic loss per share from continuing operations was SEK 6.57 compared to basic earnings per share from continuing operations of SEK 0.45 a year ago. Diluted loss per share from continuing operations was SEK 6.57 compared to diluted earnings per share from continuing operations of SEK 0.45 a year ago.
For the nine months, sales was SEK 2,872 million compared to SEK 2,761 million a year ago. Net loss was SEK 486 million compared to net income of SEK 88 million a year ago. Basic loss per share from continuing operations was SEK 6.68 compared to basic earnings per share from continuing operations of SEK 1.33 a year ago. Diluted loss per share from continuing operations was SEK 6.68 compared to diluted earnings per share from continuing operations of SEK 1.32 a year ago.
Midsona AB, formerly Midelfart Sonesson AB is a Sweden-based company engaged in the development, manufacture and marketing of consumer healthcare products in the Nordic region. Its products are divided into three product areas: Healthfoods, Hygiene, Personal Care. The Company consists of three geographical areas, namely Sweden, Norway and Finland. The business areas in Sweden, Norway and Finland market and sell nutritional supplements, herbal remedies, health foods, skin care and beauty products to grocery stores, pharmacies and health stores in respective geographic markets. The Company has several priority brands, such as Friggs, Urtekram, Naturdiet, Miwana, MyggA, Dalblads, Tri Tolonen, Supernature.
MIDSONA AB 
