Interim Report Q3 2021: AE4 2017 Sweden AB (publ)
The Group’s like for like development during the third quarter of 2021 was affected negatively by the ended partnership with Coty as of July 1st. However, the Company foresees that the negative Coty impact during the second half of 2021 will be compensated by positive development in the remaining portfolio, and that the loss will not have a long-term negative impact on the Group’s profitability.
- Adjusted EBITDA Q3 down 18.6% YoY to 33.2 (40.8) MSEK
- Quarterly net revenue decrease of 12.7% YoY to 262.7 (300.9) MSEK
- Continued strong cash generation from the operating business during the third 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.
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 23 November 2021.
Taggar:
