Zutec today released Q2-21 report: Another Strong Quarter with Organic Sales Growth of 48.5% and EBITDA margin of 11.2%
Financial Highlights · Net sales in Q2 were SEK 9.2m, corresponding to a 48.5% increase compared with the same period in 2019 (SEK 6.2m). Sales growth in Q2 based on constant currency was 54.0% compared with the same period in 2019. Sales for the rolling twelve months period was SEK 33.0m. · EBITDA of SEK -1.7m (SEK -7.3m) corresponding to an EBITDA margin of -18.2% compared to -117.4% for the comparative period. EBITDA before FX-translation was SEK 1.0m (SEK -6.3m) which is a more accurate reflection of underlying earnings. · Net loss was SEK 3.9m compared with the loss in the