Slower start of the year while ambition still in line with financial targets.

Significant events during the first quarter 2024 (Jan – Mar)

  • Mentice has received a major repeat order from a world-leading medical technology company.
  • Mentice performed its first Capital Market Day on March 21 in Stockholm.
  • Mentice presented revised Financial Targets during the Capital Markets Day.


Financial targets
Growth
20-30% annual growth in net sales.
Profitability
To reach a 20% EBITDA margin within three years with a longer-term target of 30%.
 

FIRST QUARTER 2024 (JAN - MAR)

  • Order intake amounted to 38 (58) MSEK, a decrease of -34.2%, of which -0.1% was related to the currency effect.
  • The order book by the end of the period was 146.9 (126.2) MSEK, an increase of 16,4%.
  • Net sales amounted to 45.3 (65.0) MSEK, a decrease of -30%, whereof -28% organic and -2% currency effect.
  • Earnings before interest, tax, depreciation, and amortization (EBITDA) amounted to -18.4 (7.3) MSEK.
  • Net income for the period amounted to -24.6 (-1.5) MSEK.
  • Earnings per share (EPS) were -0.96 (-0.06) SEK.
  • Cash flow from operating activities amounted to 1.9 (1.2) MSEK.

 
Webcast presentation of the interim report
To join the presentation, please visit https://investor.mentice.com.

For more information, please contact:
Göran Malmberg, CEO, Mentice
E-post: goran.malmberg@mentice.com
US Mobile. +1 (312) 860 5610
Sweden Mobile +46 (0) 703 09 22 22

About Mentice
Mentice (STO: MNTC) is the world leader in proficiency based simulation solutions for image guided interventional therapies. Our solutions help healthcare professionals acquire, retain, and enhance their procedural skills driving improved productivity and outcomes. Mentice solutions are scientifically validated and have been specifically developed for healthcare providers and the medical device industry. Neurovascular, cardiovascular, and peripheral interventions are just some of the clinical areas covered by our solutions. Learn more about the features and benefits of Mentice solutions at: www.mentice.com

Marketplace| Nasdaq First North Growth Market, Stockholm | Ticker symbol MNTC
Certified Adviser| FNCA Sweden AB

This information is information that Mentice is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 2024-05-03 08:30 CEST.

Attachments
Mentice Interim Report 2024 Q1 EN

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