THE INTERIM PERIOD JANUARY –
- Revenues (Jan - Sep):
SEK 5,441 thousand (SEK 8,177 thousand on corresponding period 2022 which was positively affected by one-time other operating income ofSEK 1,345 thousand ) - EBITDA: SEK –11,879 thousand (SEK –28,975 thousand)
- EBIT: SEK –13,591 thousand (SEK –30,295 thousand)
- Net result: SEK –14,691 thousand (SEK –30,488 thousand)
- Earnings per share (EPS) -
0.57 SEK / share - Cash and cash equivalents:
SEK 363 thousand (30 September 2023 )
JULY -
- Revenues (Jul - Sep):
SEK 1,150 thousand (SEK 2,316 thousand on corresponding period 2022) - EBITDA: SEK –3,029 thousand (SEK –8,316 thousand)
- EBIT: SEK –3,615 thousand (SEK –8,845 thousand)
- Net result: SEK –3,859 thousand (SEK –8,702 thousand)
- Earnings per share (EPS) -
0.15 SEK / share
SIGNIFICANT EVENTS DURING JULY –
- No significant events during the reporting period.
SIGNIFICANT EVENTS AFTER PERIOD
- Company entered into loan agreements amounting to a total of
EUR 200,000 - Company’s subsidiary
Arctic Blue Beverages Oy informed signing of a collaboration agreement withNoho Partners Oyj regarding a showroom distillery and tightened collaboration on the Finnish market.
REPORT HIGHLIGHTS
“Summer 2023 in
During the third quarter of 2023, our sales revenue decreased by 52% compared to the corresponding period last year. This decline is mainly because an unfavorable sales trend in
In the third quarter of 2023, sales revenue decreased by 42% compared to the previous quarter. This drop was predominantly attributed to the fulfilment of stock-in orders in Q2/23. Also due to challenging economic times consumers are switching to cheaper products and this can be seen in our main sales channel in
Towards the end of 2023 we will carefully analyze all our markets and tighten the focus for the year 2024. We have succeeded in cost-cutting and cost optimization measures during 2023 and continue to change to a more cost-efficient operation model during the year 2024.
We have great new products in the pipeline and exciting new projects are underway, like
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