Orthex’s Financial Statements Release 2022: Nordic sales decrease, growth in European strategic markets, and relative profitability started to improve at the end of the year
Orthex Corporation, Stock exchange release, 8 March 2023 at 9.00 a.m. EETThis release is a summary of Orthex Corporation’s Financial Statements Release 2022. The complete report is attached to this release as a pdf-file. It is also available on Orthex’s website at https://investors.orthexgroup.com/.October–December 2022 · Invoiced sales decreased by 12.5% and totalled EUR 20.6 million (23.5) · Net sales decreased by 11.8% to EUR 20.4 million (23.1) · Adjusted EBITDA was EUR 2.6 million (2.8) · Adjusted EBITA was EUR 1.6 million (1.8), representing 7.9% of sales (7.6) ·