Significant events during the fourth quarter
- Net sales decreased by 8% (-9% adjusted for currency effects) to
SEK 170 m (185). - The EBITDA margin was 32% (25%).
-
Strong performance in EMEA and APAC during the quarter, while the
Americas continued to be affected by earlier communicated customer dynamics.
Significant events during full-year 2021
- Net sales decreased by 8% (-3% adjusted for currency effects) to
SEK 658 m (717). - The EBITDA margin was 28% (27%).
-
Several important partnerships were entered during the year, including
Oriflame and Sinopharm Foreign Trade. - The pan-European launch with Perrigo contributed to strong growth in EMEA
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Acquisition of shares in the
New Zealand companyBlis Technologies linked to a long-term strategic partnership. -
The Board of Directors proposal to the 2022 Annual General Meeting is for a dividend of
SEK 1.30 (1.10) per share corresponding toSEK 14.8 m (12.5) for the 2021 financial year.
CEO Comments
A year of both challenges and strong development
Our fourth quarter largely reflects our performance in the whole of 2021. Total net sales for the year decreased by 3% adjusted for currency effects and can be completely explained by the performance in the
During the year, the regional performance went in different directions. The
The EMEA region performed well in 2021 and delivered its strongest year ever with growth of 17%. The year also ended strongly with growth of 27% in Q4. During the year, we built up important key customers and signed agreements with new customers, which we expect will develop strongly in the long term. We are therefore optimistic about future developments in the region.
The APAC region ended the year well and achieved year-on-year growth of 6%. Comparative figures for the second half of 2020 were weak due to stock accumulation during the first half of 2020. The region continues to be a priority market for
To improve our research capacity and competitiveness, we also initiated a thorough rebuild and upgrade of our laboratory in
After completing most of the upgrade of our manufacturing facilities in the
Overall, 2021 was a good but also a challenging year. We do not know what the world has to offer in 2022, but with a number of exciting partnerships underway, greater production capacity and a completely new laboratory on the starting blocks, I feel very confident about the future. We stand by our financial targets and together with all our fantastic employees, I am convinced that we will achieve them.
Tom Rönnlund
CEO
Invitation to teleconference
Contact
Tom Rönnlund, CEO, Tele: +46 (0)46 286 89 40, E-mail: trd@probi.com
This information is information that
https://news.cision.com/probi/r/q4-2021--strong-development-in-emea--americas-affected-by-customer-dynamics,c3496857
https://mb.cision.com/Main/1556/3496857/1528330.pdf
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