THE PERIOD JANUARY –
- Revenues (Jan - Dec):
SEK 6,680 thousand (SEK 10,892 thousand on corresponding period 2022 which was positively affected by one-time other operating income ofSEK 1,452 thousand ) - EBITDA: SEK –14,972 thousand (SEK –35,904 thousand)
- EBIT: SEK –17,255 thousand (SEK –37,767 thousand)
- Net result: SEK –18,360 thousand (SEK –37,767 thousand)
- Earnings per share (EPS) -
0.68 SEK / share - Cash and cash equivalents:
SEK 367 thousand (31 December 2023 )
OCTOBER -
- Revenues (Oct - Dec):
SEK 1,239 thousand (SEK 2,717 thousand on corresponding period 2022) - EBITDA: SEK –3,093 thousand (SEK –6,929 thousand)
- EBIT: SEK –3,664 thousand (SEK –8,845 thousand)
- Net result: SEK –3,859 thousand (SEK –7,472 thousand)
- Earnings per share (EPS) -
0.14 SEK / share
SIGNIFICANT EVENTS DURING OCTOBER –
- Company entered into loan agreements amounting to a total of
EUR 250,000 - Company’s subsidiary
Arctic Blue Beverages Oy informed signing of a collaboration agreement withNoho Partners Oyj regarding a showroom distillery and tightened collaboration on the Finnish market.
SIGNIFICANT EVENTS AFTER PERIOD
- Company entered into loan agreements amounting to a total of
EUR 200,000
REPORT HIGHLIGHTS
FIGHTING AGAINST THE DECLINING MARKET
“I will give the fourth quarter the same headline as for the third, as it has been very much similar period, fighting against a declining market. We have progressed well with our HoReCa strategy in
We witnessed a positive sales development during the end of the year 2023 in Alko, where our sales reached an all year monthly high in December. Alko, the Finnish retailing beverage monopoly, constitutes a significant part of the company’s sales. It has also been proven that in the long run the HoReCa success will grow the brand awareness and have a positive impact also in the Alko sales. Therefore, we are optimistic that we will be able to fight against the declining market and improve our sales in Alko during 2024.
Things are also moving forward in our most important export market,
Internationally,
During the fourth quarter of 2023, our sales revenue decreased by 57% compared to the corresponding period last year. This was caused by declining sales trend in the premium segment in all our markets. Also, quarterly variation in sales and to a lower level of fulfilment of stock-in orders to
Due to challenging economic times consumers are switching to cheaper products and this can be seen in our main sales channel in
The fourth quarter 2023 sales remained at the same level compared to the previous quarter, decreasing only by 0,5%.
2023 was a challenging year for us regarding our sales performance, but at the same time we have gained good wins building our HoReCa chain strategy and partnerships in
During the year 2024 we will launch interesting new products and open our new
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