Ortivus AB (publ) interim report for the period July – September 2022
2022-11-11 08:30
Ortivus continues to gain market share and component shortages affect deliveries
Highlights July – September 2022
- Ortivus received an order for updated hardware to the ambulance service in Northern Ireland, which has been the company’s customer since 2019. The order value is estimated to 3.2 MSEK.
- Region Blekinge awards Ortivus a contract on new equipment for the region’s ambulance operations to a value of 4.5 MSEK.
- Region Gävleborg’s ambulance and hospital services awards Ortivus a contract regarding the delivery of Ortivus’ solution MobiMed Life and the order value is estimated to 4.0 MSEK.
Significant events after end of the period
- Ortivus entered into a strategic distribution agreement with the Spanish company ITURRI, a well-established supplier to several sectors such as healthcare and the defense industry.
- Ortivus communicates the start-up of a Danish subsidiary, Ortivus MobiMed ApS.
July – September 2022
- Net sales amounted to 20.2 (24.5) MSEK.
- The gross margin amounted to 44% (51%).
- Profit after tax amounted to 0.2 (2.7) MSEK.
- Earnings after tax per share before and after dilution amounted to 0.01 (0.06) SEK.
- Operating cash flow before changes in working capital amounted to -8.0 (12.2) MSEK.
January – September 2022
- Net sales amounted to 71.2 (71.7) MSEK.
- The gross margin amounted to 50% (50%).
- Profit after tax amounted to 5.7 (7.6) MSEK.
- Earnings after tax per share before and after dilution amounted to 0.13 (0.17) SEK.
- Operating cash flow before changes in working capital amounted to -8.8 (13.8) MSEK.
| Jul-Sep 2022 | Jul-Sep 2021 | Jan-Sep 2022 | Jan-Sep 2021 | Jan-Dec 2021 | |
| Net sales (MSEK) | 20.2 | 24.5 | 71.2 | 71.7 | 94.3 |
| Gross margin (%) | 44% | 51% | 50% | 50% | 51% |
| Operating profit (MSEK) | 0.0 | 2.7 | 5.5 | 7.6 | 9.3 |
| Operating margin (%) | 0% | 11% | 8% | 11% | 10% |
| EBITDA (MSEK) | 2.1 | 3.1 | 9.1 | 8.2 | 12.7 |