Doubled revenue in Q1 – demonstrated scalability
Oslo, Norway (6 April 2020) - NattoPharma has seen a significant demand for our products during the first quarter, and we are experiencing more than 100% growth compared to the same period last year, with revenues exceeding NOK 55 million in the period. The Gross Margin is expected to be in the previously indicated range of 42% to 47%. The Adj. EBITDA is expected to be in excess of NOK 10 million for the period. The increase in demand is a combination of organic growth and impact from the COVID-19 situation where individual customers have placed stock-orders to ensure they have product