Our solutions help improve patient outcomes and clinical performance one therapy-one patient at a time.
IR Contact
Göran Malmberg, CEO
🇸🇪 +46 703 09 22 22
🇺🇸 +1 312 860 5610
goran.malmberg@mentice.com
Mentice AB (publ)
Mentice publishes the company’s interim report for the period July – Sept 2023
THE THIRD QUARTER SHOWS CONTINUED STRONG GROWTH, POSITIVE EBITDA AND IMPROVED CASH FLOW
THIRD QUARTER 2023 (JUL - SEP)
- Order intake amounted to SEK 65.3 (50.2) million, an increase of 30.0%.
- The order book at the end of the period amounted to SEK 128.6 (113.9) million, of which SEK 37.6 million is expected to be revenue in 2023.
- Net sales amounted to SEK 63.9 (51.1) million, an increase of 25.0%, of which 19.3% was organic.
- Earnings before interest, taxes, depreciation and amortization (EBITDA) amounted to SEK 4.0 (-1.9) million.
- Profit for the period amounted to SEK 0.0 (-7.7) million.
- Earnings per share (EPS) amounted to SEK 0.0 (-0.30).
- Cash flow from operating activities amounted to SEK 42.3 (-4.1) million.
FIRST NINE MONTHS 2023 (JAN – SEP)
- Order intake amounted to SEK 200.4 (161.9) million, an increase of 23.7%.
- The order book at the end of the period was SEK 128.6 (113.9) million, of which SEK 39.7 million is expected to be revenue in 2023.
- Net sales amounted to SEK 203.2 (149.3) million, an increase of 36.1%, of which 29.9% was organic.
- Earnings before interest, taxes, depreciation and amortisation (EBITDA) amounted to SEK 21.9 (-15.5) million.
- Profit for the period amounted to SEK 0.0 (-32.8) million.
- Earnings per share (EPS) amounted to SEK 0.0 (-1.31).
- Cash flow from operating activities amounted to MSEK 44.8 (-11.1).
Read the full report and comments from President and CEO Göran Malmberg
Trading information
Short name for Nasdaq First North Growth Market : MNTC
ISIN-code: SE0012673291
The shares are registered by Euroclear Sweden AB
Advisor
FNCA Sweden AB is the Certified Advisor for the company
Important information about Nasdaq First North Growth Market Nasdaq
First North Growth Market is an alternate trading platform managed as a separate organization within NASDAQ Group. Companies listed on Nasdaq First North Growth Market is not managed under the same set of rules as the regulated main list market. The companies follow less complex set of rules and procedures adapted for small growth companies. The risk involved with investment in companies on First North Growth market can therefore be higher than investing in companies on the main market. All companies with shares that is traded on Nasdaq First North Growth Market has a certified advisor that secure and control that the rules are followed.
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Financial targets (short-medium term)
Revenue Growth
30 - 40% average annual revenue growth during short to medium terms (next 3-5 years).
Profitability
30% EBITDA margin within short to medium term (3-5 years).
Dividend Policy
Mentice is a company on a rapidly growing market. To capitalize on its market opportunities, the company will prioritize growth, both organic and through acquisitions.
Dividends
The company has no history of Dividend.
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