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Mentice publishes the company’s interim report for the period July – Sept 2023

Thursday, October 26, 2023

THIRD QUARTER WITH CONTINUED STRONG GROWTH, POSITIVE EBITDA AND IMPROVED CASHFLOW


SIGNIFICANT EVENTS DURING THE QUARTER 2023 (JUL – SEP) 

  • Mentice has appointed Henrik Hang as Interim CFO 
  • Mentice has appointed Jonathan Sjöström as the new COO. 
  • Mentice has received a significant order of approx. 0.6 MEUR from a major distributor in APAC. 


THIRD QUARTER 2023 (JUL - SEP) 

  • Order intake amounted to 65.3 (50,2) MSEK, an increase of 30.0%. 
  • Order book by the end of the period was 128.6 (113.9) MSEK, whereof 37.6 MSEK is expected as revenue in 2023. 
  • Net sales amounted to 63.9 (51.1) MSEK, an increase of 25.0%, whereof 19.3% is organic. 
  • Earnings before interest, tax, depreciation, and amortization (EBITDA) amounted to 4.0 (-1.9) MSEK. 
  • Net income for the period amounted to 0.0 (-7.7) MSEK. 
  • Earnings per share (EPS) were 0.0 (-0.30) SEK. 
  • Cash flow from operating activities amounted to 42.3 (-4.1) MSEK.


NINE MONTHS 2023 (JAN – SEP) 

  • Order intake amounted to 200.4 (161,9) MSEK, an increase of 23.7%. 
  • Order book by the end of the period was 128.6 (113.9) MSEK, whereof 39.7 MSEK is expected as revenue in 2023. 
  • Net sales amounted to 203.2 (149.3) MSEK, an increase of 36,1%, whereof 29.9% is organic. 
  • Earnings before interest, tax, depreciation, and amortization (EBITDA) amounted to 21.9 (-15.5) MSEK. 
  • Net income for the period amounted to 0.0 (-32.8) MSEK. 
  • Earnings per share (EPS) were 0.0 (-1.31) SEK. 
  • Cash flow from operating activities amounted to 44.8 (-11.1) MSEK. 



Webcast presentation of the interim report
Date: October 26, 2023
Time: 10:00 CEST

To register for the presentation, please visit https://investor.mentice.com/


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Mentice får en order på simuleringslösningar värd €1,062,750 EUR från ett topp 20 globalt medtech bolag
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Mentice publishes the company’s interim report for the period July – Sept 2023

Thursday, October 26, 2023

THIRD QUARTER WITH CONTINUED STRONG GROWTH, POSITIVE EBITDA AND IMPROVED CASHFLOW


SIGNIFICANT EVENTS DURING THE QUARTER 2023 (JUL – SEP) 

  • Mentice has appointed Henrik Hang as Interim CFO 
  • Mentice has appointed Jonathan Sjöström as the new COO. 
  • Mentice has received a significant order of approx. 0.6 MEUR from a major distributor in APAC. 


THIRD QUARTER 2023 (JUL - SEP) 

  • Order intake amounted to 65.3 (50,2) MSEK, an increase of 30.0%. 
  • Order book by the end of the period was 128.6 (113.9) MSEK, whereof 37.6 MSEK is expected as revenue in 2023. 
  • Net sales amounted to 63.9 (51.1) MSEK, an increase of 25.0%, whereof 19.3% is organic. 
  • Earnings before interest, tax, depreciation, and amortization (EBITDA) amounted to 4.0 (-1.9) MSEK. 
  • Net income for the period amounted to 0.0 (-7.7) MSEK. 
  • Earnings per share (EPS) were 0.0 (-0.30) SEK. 
  • Cash flow from operating activities amounted to 42.3 (-4.1) MSEK.


NINE MONTHS 2023 (JAN – SEP) 

  • Order intake amounted to 200.4 (161,9) MSEK, an increase of 23.7%. 
  • Order book by the end of the period was 128.6 (113.9) MSEK, whereof 39.7 MSEK is expected as revenue in 2023. 
  • Net sales amounted to 203.2 (149.3) MSEK, an increase of 36,1%, whereof 29.9% is organic. 
  • Earnings before interest, tax, depreciation, and amortization (EBITDA) amounted to 21.9 (-15.5) MSEK. 
  • Net income for the period amounted to 0.0 (-32.8) MSEK. 
  • Earnings per share (EPS) were 0.0 (-1.31) SEK. 
  • Cash flow from operating activities amounted to 44.8 (-11.1) MSEK. 



Webcast presentation of the interim report
Date: October 26, 2023
Time: 10:00 CEST

To register for the presentation, please visit https://investor.mentice.com/