Interim Report for Ortivus AB (publ) for the period July – September 2025
2025-11-28 08:30
“The increased interest we are witnessing in the market and from existing customers, together with the high pace of our product development, gives us a positive outlook for the future.”
July-September 2025
- Net sales decreased by 13% and amounted to SEK 16.8 (19.4) million.
- Gross margin decreased to 26 (47)%.
- EBITDA amounted to SEK -4.4 (-0.2) million.
- Adjusted EBITDA* amounted to SEK -4.4 (-0.2) million.
- Net profit after tax amounted to SEK -5.9 (-4.5) million.
- Earnings per share before and after dilution amounted to SEK -0.13 (-0.10).
January-September 2025
- Net sales decreased by 8% and amounted to SEK 54.7 (59.2) million.
- The gross margin remained unchanged 40%.
- EBITDA amounted to SEK -10.4 (-9.2) million.
- Adjusted EBITDA* amounted to SEK -5.3 (-9.2) million.
- Net profit after tax amounted to SEK -14.9 (-15.0) million.
- Earnings per share before and after dilution amounted to SEK -0.34 (-0.34).
Significant events during and after the end of the period
- On 25 July, South Central Ambulance NHS Foundation Trust chose to extend its agreement for the provision of Ortivus MobiMed ePR for a further two years, with an order value of SEK 16.8 million.
- On 26 August, it was announced that the credit facility with Ponderus Invest AB had been increased by SEK 10 million.
- On 19 September, the Extraordinary General Meeting resolved to carry out a rights issue in accordance with the Board’s proposal. The issue was registered on 3 November, resulting in the company receiving SEK 54.1 million before estimated issue costs of SEK 1.8 million. Subsequently, the debt to the main shareholder, Ponderus Invest AB, has been amortised by SEK 37 million.
- On 15 October, it was announced that the company’s CFO, Johan Wewel, had chosen to leave the company for a position outside the Group.
- On 17 October, it was confirmed that Ponderus Invest AB’s ownership had increased to 61% of the shares and 53% of the votes, thereby passing the mandatory bid threshold. Ponderus Invest has since announced that a mandatory takeover bid will be submitted no later than 3 December.