Hold the Presses is your online newsportal en brings press releases from around the world. Journalists can use it for free, although it is their responsibilty to check the news. Hold the Presses is in no way responsible for the content of the press releases, the Sender is. We hope you enjoy reading the news we bring you on this website. If a message is published that is not acceptable, we apologize. Please contact us and we will remove the message as soon as possible.

Thursday, 20 July 2017

Enzymatica AB: Continued sales growth and breakthrough order from STADA

Enzymatica AB    

Published: 08:00 CEST 20-07-2017 /GlobeNewswire /Source: Enzymatica AB / : ENZY /ISIN: SE0003943620

Enzymatica AB: Continued sales growth and breakthrough order from STADA

                                                                                              

                                                                                        

Interim report for
Enzymatica AB (publ)

JANUARY- JUNE 2017

                                                                                                                                                                                   

                                                                                                    

              Continued sales growth and breakthrough order from STADA

 


Q2             

  • Net sales reached SEK 5.9 (4.9) million.
  • Loss after tax came in at SEK -10.8 (-12.8) million.
  • Earnings per share were SEK -0.12 (-0.20).
  • Cash and cash equivalents were SEK 18.4 (26.9) million.

Significant events in Q2

  • Enzymatica received a record-breaking order from the German company STADA of about SEK 12 million.
  • Enzymatica published findings of a study of elite athletes showing that use of ColdZyme® reduced the number of sick days by more than 50%.

     

        H1                       

  • Net sales increased to SEK 15.5 (13.3) million.
  • Loss after tax came in at SEK -22.3 (-20.9) million.
  • Earnings per share were SEK -0.25 (-0.47).



       Significant events after Q2

  • Enzymatica completed two key recruitments: Chief Commercial Officer and Chief Operating Officer.

 

 

 

Key figures

 

 

 

 

 

(SEK million)

Q2
2017

Q2
2016

H1

2017

H1

2016

Full year

2016

Net sales

5.9

4.9

15.5

13.3

36.5

Gross margin, %

46

63

56

62

61

Operating profit/loss

-11.8

-12.3

-23.3

-20.0

-46.2

Cash flow from operating activities

-7.4

-15.1

-16.3

 

-20.0

-38.4

Average number of employees

21

22

21

19

21

 

CEO statement: The STADA order confirms our technology and increases our commercial value


The major event in the second quarter was the ColdZyme order from the German pharmaceutical company STADA, worth approximately SEK 12 million, for the launch in the German, Belgian and Austrian markets. The order is the largest in Enzymatica's history and exceeds the company's entire Q1 sales. We are now beginning to see the results of our focus in recent years on international distribution agreements. The order demonstrates the commercial potential of ColdZyme and represents clear acceptance of our technology platform.

 

Q2 was the 18th consecutive quarter with increased sales compared with the same quarter of the previous year. Second quarter sales are generally lower due to seasonal variations - yet they increased by 21% compared with 2016. In Sweden ColdZyme sales from pharmacies to consumers increased by more than 20% as a result of an expanded end-customer base and a high repeat purchase rate. For the first half of 2017 the market share in value increased to 4.6%, and sales of ColdZyme packages from Swedish pharmacies to end-customers increased by over 20% compared with the corresponding period in 2016. Sales from pharmacies to end-customers and from Enzymatica to pharmacies can deviate during different periods, as a consequence of variations in the pharmacies' inventory build-up.

 

The strong sales growth in Sweden five years after the launch demonstrates the potential for other markets where ColdZyme will be launched through our distributors.  Sales also surged in Denmark, while we received refill orders from our distributors in Spain and Finland during the quarter.

 

On 21 June we released the results of a study in which elite athletes used ColdZyme. The study findings show that our cold spray reduced the number of sick days, and thereby lost practice days, by more than 50%, compared with control periods when ColdZyme was not used. The study also showed that elite athletes who came down with colds and used ColdZyme experienced milder cold symptoms. The study results confirm the findings of our first clinical study (COLDPREV I), which showed a 50%-reduction in the number of sick days.

 

With the breakthrough order from STADA and the cold season beginning after the summer we will show a strong third quarter compared with the corresponding period in 2016.


Fredrik Lindberg, CEO

 

For questions about this report, please contact:

Fredrik Lindberg, CEO, Enzymatica AB

Tel: +46 (0)708-86 53 70 | Email: fredrik.lindberg@enzymatica.com

 

Bengt Jöndell, Interim CFO, Enzymatica AB

Tel: +46 (0)703-77 71 70 | Email: bengt.jondell@enzymatica.com

 

Publication

This information is information that Enzymatica is obliged to make public pursuant to the EU Market Abuse Regulation and the Swedish Securities Markets Act (Lagen om värdepappersmarknaden). The information was submitted for publication, through the agency of the contact person set out above, at 08:00 CET on July 20, 2017.

 

 

Street address

Enzymatica AB (publ)
Corporate identity no.: 556719-9244

Mailing address: Ideon Science Park, 223 70 LUND
Street address: Scheelevägen 19, Ideon, Lund
Tel:
+46 (0)46-286 31 00 | info@enzymatica.se | www.enzymatica.se

 

Enzymatica is listed on the Nasdaq First North. The Company is traded under the ticker symbol ENZY and ISIN code SE0003943620.
Enzymatica's certified adviser is Erik Penser Bankaktiebolag.

   



Enzymatica Q2 Eng Final 170720



This announcement is distributed by Nasdaq Corporate Solutions (One Liberty Plaza, 165 Broadway, New York, NY 10006. Tel: +1 212 401 8700. www.nasdaqomx.com) on behalf of NASDAQ OMX Corporate Solutions clients. Source: Enzymatica AB, Ideon Science Park, Lund SE-223 70, Sweden
If you would like to unsubscribe and stop receiving these e-mails click here.