Highlights from Q2 2021
· ArcticZymes Technologies (AZT) had Q2 sales of NOK 21.4 million - a
reduction of 36% (Q2 2020: NOK 33.4 million)
· Coronavirus-related sales are estimated at NOK 4.5 million in Q2 2021 (NOK
11.0 million in Q2 2020)
· Gross profit reduced to NOK 21.6 million as a result of lower sales (Q2
2020: NOK 33.0 million)
· AZT generated a positive EBITDA of NOK 6.0 million (Q2 2020: NOK 22.5
million)
· Cash-flow for Q2 was positive NOK 13.6 million (Q2 2020: NOK 20.4 million)
giving a cash balance of NOK 177.0 million (Q2 2020: NOK 56.1 million)
· Launched SAN HQ 2.0 at the end of the quarter
· Increased ownership in ArcticZymes AS from 96% to 100% by contribution in
kind