Oslo, Norway (13 February 2019) - NattoPharma increased revenues by 52% in the second half of the year and delivered a positive net result in the half year and for the full year 2018. This is coupled with a strong financial position with no interest-bearing debt and an equity ratio of 74,5% as at December 31st, 2018.

“We are very pleased to deliver a strong second half fueled by a record fourth quarter with Product Revenues of approximately NOK 31 million and an EBITDA of 10%. This is the first full year where the Group has a positive net result, demonstrating our ambition of profitable growth. We are especially pleased that we have achieved this already in the first year following the spin-off of the pharma business into Kaydence Pharma AS.

We are also increasing our focus on growing shareholder value. In December we signed an agreement for 2019 with Nordea Markets for Commissioned Research and anticipate the first report to be available in early March. At the same time, we are returning to a quarterly reporting cycle.” Kjetil Ramsøy, CEO NattoPharma.

Financial highlights:

(mnok) H2’18  H2’17  Change  2018  2017  Change 
Product Revenue  54,5  36,0  18,6 (+52%)  101,7  66,4  35,3 (+53%) 
Gross Margin  44,3%  48,8 %  -4,5% 43,1% 47,4%  -4,3% 
Adj. EBITDA  4,2  3,8  0,3  6,7  5,3  1,4 
Net profit  3,2  -0,9  4,1  1,8  -4,1  5,8 

Please find attached the Nattopharma Group 2018 Second Half and Preliminary Full Year Earnings Release.

A presentation will be held via webcast at 10 am CET, Wednesday 13thFebruary 2019, followed by a Q&A session.

Please follow the below link to join the webcast;

For more information, please contact:

Kjetil Ramsøy

CEO, NattoPharma


This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act. 


About Us

NattoPharma, the world leader in Vitamin K2 Research and Development, has invested millions of dollars in in-vitro, in-vivo, and clinical studies to document the effects of MenaQ7® Vitamin K2 as MK-7. This commitment has created the only patented and clinically validated K2 on the market. After establishing the first commercial Vitamin K2 with its flagship brand, MenaQ7®, NattoPharma has consistently answered and met market needs through the development of new production technologies:• In 2012, the company introduced MenaQ7® Crystals, which represented an important breakthrough in the new generation of Vitamin K2 products, producing the purest natural MK-7 available.• In 2014, NattoPharma introduced the only all-trans nature-identical synthesized Vitamin K2, MenaQ7® PURE. Not only did the company succeed in changing the market with MenaQ7® PURE – offering a high-quality, competitively priced ingredient – but its efforts were rewarded with the NutrAward for Best Functional Ingredient at Natural Products West/engredea 2015. Vitamin K2 is essential for the body to utilize calcium to build healthy, strong bones and to inhibit calcium deposits in the arteries. Published clinical studies have demonstrated the high bioavailability and proof of efficacy for Nattopharma’s all-trans MK-7 products in healthy and diseased populations, for bone and cardiovascular health. NattoPharma continues to build its competitive advantage through focuson IPR and has patents both granted and pending related to relevant healthbenefits and market segments, creating extra value for its customers. And NattoPharma staff consists of professionals people with longstanding experience in medical and biochemical research as well as pharmaceutical and food supplement development. By understanding and controlling the chemistry, NattoPharma provides the market all-trans MK-7 products, while our sales and marketing team has extensive knowledge of international market demands with which it supports our partners.