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Vistin Pharma — Earnings Release 2018
Oct 25, 2018
3782_rns_2018-10-25_16377e76-4f6c-4e5c-ab71-061d290d5820.html
Earnings Release
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Vistin Pharma ASA : 11 per cent revenue growth in third quarter 2018
Vistin Pharma ASA : 11 per cent revenue growth in third quarter 2018
Oslo, Norway, 25 October 2018
Vistin Pharma delivered a revenue growth of 11 percent from NOK 46.7 million in
the third quarter 2017 to NOK 51.7 million in the third quarter 2018. The
underlying demand for metformin is strong. The EBITDA from the pharmaceutical
business came to NOK 4.9 million for the quarter, compared to NOK 5.5 million in
the same quarter last year. The EBITDA from the Energy Trading business, which
commenced operations in the second quarter, came to negative NOK 2.4 million in
the third quarter. EBT from continuing operations for the third quarter came to
negative NOK 3.8 million, which includes an unrealised loss on oil derivatives
of NOK 2.4 million, compared to a profit of NOK 7.4 million in the same quarter
last year.
Vistin Pharma had cash of NOK 330.6 million as of 30 September 2018. The Company
holds no interest-bearing debt.
The listing of the shares in Vistin Pharma was transferred from Oslo Axess to
Oslo Børs on 3 October.
Vistin Pharma will host a conference call for all interested parties today at
13:00 CEST. CEO Kjell-Erik Nordby, Head of Energy Trading Torbjørn Kjus and CFO
Gunnar Manum will represent the Company at the conference call. There will be a
Q&A session following the management discussion.
PARTICIPANTS DIAL IN TELEPHONE NUMBERS
Norway +47 23 50 02 96
UK +44 (0)330 336 9411
USA +1 646-828-8193
The confirmation code is 7992767.
Please find the report and presentation for the third quarter 2018 enclosed. The
report will also be made available on www.vistin.com.
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For further information, please contact:
Kjell-Erik Nordby
CEO
+47 91 36 42 80
Torbjørn Kjus
Head of Energy Trading
+47 94 14 77 30
Torbjø[email protected]
Gunnar Manum
CFO
+47 95 17 91 90
This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.