Dentalum Operations AB (publ) publishes interim report for the first quarter 2022

Dentalum continues to grow through the acquisition of four clinics, of which one clinic was acquired during the quarter. Dentalum now consists of 24 acquired clinics in eight regions of Sweden, of which 21 clinics were appointed as of March 31. Operating revenue increased by 72.8% to SEK 85.8 million (SEK 49.7 million) with EBITDA for the Group amounting to SEK 21.1 million (SEK 9.7 million) and a strengthened EBITDA margin of 24.6% (19%) compared to the corresponding period last year.

First quarter, January - March 2022

• Operating revenue increased by 72.8 % to SEK 85.8 million (49.7). The increase in revenue was driven by the acquisition of dental clinics.
• The spread of omicron in the start of the year affected the financial results negative, but already by March there were clear indications of a recuperation.
• On February 1, Tandläkarhuset Enköping AB was acquired during thereby expanding Dentalum into an eighth region and contributing annual revenues by approximately SEK 26 million.
• Esmaeilzadeh Holding AB increased its shareholding and holds a stake equal to 45.98 % of the shares and votes.
• Dentalum acquired Karlatandläkarna and Mälarkliniken. The acquisition is expected to be completed in May 2022.
• Jens Bruno was recruited as CFO while Sofi Eriksson, former CFO, takes on a strategic role as Executive Advisor, focusing on M&A and leading the preparations for the planned IPO in 2023.
• Net earnings for the quarter amounted to SEK 3.3 million (-3.4).
• Cash flows from operations amounted to SEK 13.2 million (6.8). Net cash flow totalled SEK - 25.3 million (- 6.9).
• As per March 31, 2021, total equity amounts to SEK 257.1 million (84.3), cash balance of SEK 245.3 million (174.5) and interest-bearing debt of SEK 397.7 million (305.5), consisting of bond debt of SEK 400 million.

Significant Events after the reporting period

• Matts Tannerfeldt was appointed new COO and member of the management team. Matts will start his employment on September 1, 2022.
• On April 1, Dentalum completed the acquisition of Swedish Dental.
• At the Annual General Meeting elected Gunilla Öhman and Lars Kvarnsund as new board members and Mikael Lönn was appointed as the new Chairman of the Board.

For further information, please contact:

Max Dorthé Ladow, CEO and Co-founder, +46 709 85 97 83, max.ladow@dentalum.com 

Visit www.dentalum.com

Dentalum Operations AB (publ) is a fast-growing dental service organisation focusing on acquiring profitable and sustainable dental clinics in the Nordics. Dentalum’s philosophy is built on local heritage, where the clinic owners continue as entrepreneurs operating the clinics with a high degree of independence post-acquisition. Dentalum’s goal is to build a world class organisation by creating a strong corporate culture, positive work environment and growth opportunities which motivate and engage our coworkers to provide the highest quality of care and a remarkable service to our patients. 

This information is information that Dentalum Operations AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, on May 31, 2022, at 08:58 CEST.