Mentice has received a significant order from a key distributor in APAC
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Q2 INTERIM REPORT April - July 2023
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Mentice Investors

Our solutions help improve patient outcomes and clinical performance one therapy-one patient at a time.


Mentice publishes the company’s interim report for theperiod April – June 2023

Continued strong performance during the second quarter

Following our strong start for 2023 we have added another quarter with strong topline performance for both order intake and net sales. We have also been able to keep the gross margin at a higher level and we have contained our cost increases compared to last year. This has resulted in a positive outcome for the quarter and fi rst half year with topline growth, positive earnings and positive operational cashflow.

SECOND QUARTER (APRIL– JUNE 2022)
- Order intake amounted to 77.4 (57.3) MSEK, an increase of 35.1%.
- Order book by the end of the period was 125.3 (108.9) MSEK, whereof 54.2 MSEK is expected as revenue in 2023.
- Net sales amounted to 74.3 (45.1) MSEK, an increase of 64.7 %, whereof 54.1% is organic.
- Earnings before interest, tax, depreciation, and amortization (EBITDA) totaled 10.7 (-12.2) MSEK.
- Net income for the period amounted to 1.5 (-17.6) MSEK.
- Earnings per share (EPS) were 0.06 (-0.71) SEK.
- Cash flow from operating activities totaled 5.2 (-18.3) MSEK.


Read the full report and comments from President and CEO Göran Malmberg

MNTC

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.

Financial Calendar

03

February

2023

Q4 Interim Report OCT-DEC 2022

15

February

2024

Q4 Interim Report OCT-DEC 2023

27

April

2023

Q1 Interim Report JAN-MAR 2023

11

Maj

2023

Annual General Meeting 2023

20

July

2023

Q2 Interim Report APR-JUN 2023

26

October

2023

Q3 Interim Report JUL-SEP 2023