STOCKHOLM, May 8, 2018 /PRNewswire/ -- SIGNIFICANT GROWTH FOR ALL KEY BRANDS
FIRST QUARTER (JAN-MAR 2018)
- Net revenue SEK 91.5 million (104.6)
- EBITDA SEK 21.9 million (16.7)
- EBITDA margin 24% (16)
- EBITDA for current product portfolio SEK 27.1 million (21.0)
- Operating profit (EBIT) SEK 12.5 million (6.9)
- Net profit after tax SEK 2.0 million (-3.0)
- Diluted earnings per share SEK 0.12 (-0.17)
- Operating cash flow per share SEK 0.66 (-0.17)
SIGNIFICANT EVENTS IN THE FIRST QUARTER
- A favorable outcome was received from the National Advertising Division (NAD) in a challenge filed against the largest US
- competitor to Kerasal Nail®. The competitor will discontinue its misleading packaging design and advertising
- In February, an agreement was signed with Randob Labs to divest the brand Balmex® for a total consideration of USD 4.25
- million (SEK 34.6 million) plus the inventory value at closing, generating a capital gain of approximately USD 0.5 million
- (SEK 4.4 million)
- The Nomination Committee proposes Anna Malm Bernsten as a n