Ellen AB Reports Earnings Results for the Third Quarter and Nine Months Ended September 2013
November 19, 2013
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Ellen AB (publ) reported earnings results for the third quarter and nine months ended September 2013. For the quarter, the company reported net sales of SEK 3,064,000 against SEK 4,709,000 a year ago. Total revenue was SEK 3,064,000 against SEK 4,817,000 a year ago. Operating loss was SEK 2,357,000 against SEK 723,000 a year ago. Loss before tax was SEK 2,308,000 against SEK 792,000 a year ago. Loss for the period was SEK 2,308,000 against SEK 792,000 a year ago. Loss per share after dilution was SEK 0.04 against SEK 0.02 a year ago. Cash flow from operating activities was SEK 1,196,000 against SEK 8,884,000 a year ago. Operating loss before depreciation and amortization was SEK 2,192,000 against SEK 555,000 a year ago. Acquisition of intangible assets was SEK 27,000 against SEK 46,000 a year ago.
For the nine months, the company reported net sales of SEK 15,028,000 against SEK 15,121,000 a year ago. Total revenue was SEK 15,228,000 against SEK 16,329,000 a year ago. Operating loss was SEK 4,338,000 against SEK 2,509,000 a year ago. Loss before tax was SEK 3,907,000 against SEK 2,404,000 a year ago. Loss for the period was SEK 3,907,000 against SEK 2,404,000 a year ago. Loss per share after dilution was SEK 0.07 against SEK 0.05 a year ago. Cash flow from operating activities was SEK 1,883,000 against SEK 10,432,000 a year ago. Operating loss before depreciation and amortization was SEK 3,998,000 against SEK 2,010,000 a year ago. Acquisition of intangible assets was SEK 149,000 against SEK 381,000 a year ago. Purchase of property, plant and equipment was SEK 423,000 a year ago. The drop in sales growth is primarily the result of stock adjustments in France, the current recession and the unstable financial situation in the Middle East.
Ellen AB is a Sweden-based biotechnology company that produces probiotic sanitary protection products for women. The Companyâs main product, Ellen tampon, contains patented natural lacto acid bacteria, Lacto Naturel (LN), and is used for maintaining the vaginal health. The Ellen tampon is made of natural fibers treated with the substance LN, which consists of human lactic acid bacteria, a natural part of healthy women's defense against infections. Ellen AB distributes its products in 37 countries, including Scandinavian countries, France, Germany, Czech Republic, Spain, Portugal, Poland and Belgium, among others. As of December 31, 2011, the Company had two subsidiaries, including the wholly owned Ellen Australia pty LTD and the 70%-owned Ellen Asia LTD. As of December 31, 2011, its largest shareholder was Banque Ohman S.A. (18.73%). On July 3, 2013, it launched an online store, www.ellen.se, where customers can search for products' information and shop online.