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Ortivus AB (publ) interim report for the period July – September 2022

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