Q2 2021 Report and presentation

Tromsø, Norway, 19th August 2021 – ArcticZymes Technologies (OSE: AZT) reported sales of NOK 21.4 million (33.4) and an EBITDA of NOK 6.0 million (22.5) for the second quarter of 2021.

Highlights from Q2 2021

  • ArcticZymes Technologies (AZT) had Q2 sales of NOK 21.4 million – a reduction of 36% (Q2 2020: NOK 33.4 million)
  • Coronavirus-related sales are estimated at NOK 4.5 million in Q2 2021 (NOK 11.0 million in Q2 2020)
  • Gross profit reduced to NOK 21.6 million as a result of lower sales (Q2 2020: NOK 33.0 million)
  • AZT generated a positive EBITDA of NOK 6.0 million (Q2 2020: NOK 22.5 million)
  • Cash-flow for Q2 was positive NOK 13.6 million (Q2 2020: NOK 20.4 million) giving a cash balance of NOK 177.0 million (Q2 2020: NOK 56.1 million)
  • Launched SAN HQ 2.0 at the end of the quarter
  • Increased ownership in ArcticZymes AS from 96% to 100% by contribution in kind

CEO Jethro Holter comments:

“Second quarter sales performed as expected following a strong Q1 2021. Quarterly volatility is more prominent due to a changing environment relating to the Coronavirus pandemic and associated short-term demands in the supply chain in all market segments ArcticZymes serves.

A new milestone was reached for two consecutive quarters, achieving >100 MNOK in sales revenues for the last 12-months on a quarterly rolling basis. We are delighted to achieve this and now focus our efforts on our next milestone, which is to achieve 120 MNOK in annual sales revenues during 2021.”

To acces the report click here

To access the presentation click here

To access the video click here