Interim Report Q4 2021: AE4 2017 Sweden AB (publ)
The Group’s like for like development during the fourth quarter of 2021 was, like previous quarter, negatively affected by the ended partnership with Coty as of July 1st, however compensated by positive development in the remaining portfolio. The Company still foresees that the ended partnership will not have a long-term negative impact on the Group’s profitability.
- Adjusted EBITDA Q4 down 10.7% YoY to 52.6 (58.9) MSEK
- Quarterly net revenue decrease of 22.5% YoY to 296.4 (382.3) MSEK
- Very strong cash generation from the operating business during the fourth quarter
Table 1: Key financials
The Complete interim report is available at http://www.ae42017.com
For further information, please contact:
Johan Ahlgren, CFO, +46 (0) 73 325 44 80, johan.ahlgren@scandinaviancosmetics.se
About AE4 2017 Sweden AB
AE4 invests in companies in the Nordic cosmetics industry. The Company is parent company in a group with subsidiaries in Sweden, Norway, Finland and Denmark. Organic growth together with selected acquisitions will be the foundation for our growth strategy. Our 200 employees strive and develop in an organization characterized by professionalism and entrepreneurship. The group is head quartered in Malmö.
http://www.ae42017.com
For further information please visit: ae42017.com
Agent & Security Agent:
Nordic Trustee, Telephone: +46 (0) 8 783 7900 E-mail: sweden@nordictrustee.com
This information is information that AE4 2017 Sweden AB is obliged to make public pursuant to the Securities Markets Act. The information was submitted for publication, through the agency of the contact person set out above, at: 16:30 CEST on 28 February 2022.
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