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Aqua Bio Technology — Earnings Release 2024
Feb 12, 2025
3535_rns_2025-02-12_aba9ac5d-1c2d-40ce-87f9-64b8fe350954.html
Earnings Release
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Aqua Bio Technology ASA: Information about financial reporting and expected results for 2024
Aqua Bio Technology ASA: Information about financial reporting and expected results for 2024
12.2.2025 14:40:08 CET | Aqua Bio Technology ASA | Additional regulated
information required to be disclosed under the laws of a member state
Aqua Bio Technology ASA ("ABT" or "the Company") hereby informs that a separate
quarterly report for the fourth quarter of 2024 will not be prepared. The annual
financial statements for 2024 will be submitted no later than the deadline of
April 30, 2025. A stock exchange announcement with the financial calendar will
be sent separately.
Preliminary estimates for the fiscal year 2024 indicate a significant negative
result for the ABT Group, despite an increase in revenue due to completed
acquisitions.
The negative result is mainly attributed to operating losses in two of the
Group's subsidiaries and significant impairments of goodwill related to the
bankruptcy of the subsidiary Skinteam Norge AS. In light of this, the Group
plans a series of restructuring measures expected to contribute to a modestly
positive EBITDA level for 2025.
For the fiscal year 2025, consolidated revenue is expected to exceed MNOK 500.0,
applying Norwegian Generally Accepted Accounting Principles (N-GAAP), indicating
conservative revenue growth compared to pro forma revenue (based on N-GAAP)
assuming all 2024 acquisitions were completed as of January 1, 2024.
Consolidated revenue reported in the 2024 annual report will be significantly
lower than MNOK 500, partly due to acquisitions not being consolidated into the
Group for the entire 2024 and differences in revenue recognition for JetCarrier
between N-GAAP and IFRS.
Forward-looking statements in this stock exchange announcement are subject to
fulfillment of various conditions, partly within and partly outside the
Company's control. Conditions include, among others, the provision of operating
capital during 2025, as further detailed in the stock exchange announcement
available at https://newsweb.oslobors.no/message/629873.
The Company will provide further details in connection with the presentation of
the 2024 annual report.
For further information, please contact:
DISCLOSURE REGULATION
This information is subject of the disclosure requirements pursuant to section
of 5-12 of the Norwegian Securities Trading Act.
CONTACTS
* Fredrik Henriksen, CEO, Aqua Bio Technology ASA, +47 90 02 00 78,
* Geir Udnæs, CFO, Aqua Bio Technology ASA, +47 91 36 18 93,
ABOUT AQUA BIO TECHNOLOGY ASA
Aqua Bio Technology (ABT) is developing and commercializing sustainable
biotechnology for use in skin care products. ABT's cosmetics ingredients are
highly effective and they provide the cosmetics industry with natural
alternatives to traditional ingredients. ABT is also marketing and distributing
natural skin care products developed by partners towards consumers and
professional users. Aqua Bio Technology is listed on Euronext Expand.
ATTACHMENTS
Download announcement as PDF.pdf -
https://kommunikasjon.ntb.no/ir-files/17847556/18420090/5617/Download%20announce
ment%20as%20PDF.pdf