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Vistin Pharma — Earnings Release 2021
Aug 19, 2021
3782_rns_2021-08-19_6b05c118-8399-42a0-a21f-31942a6c4c43.html
Earnings Release
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Vistin Pharma ASA: Second quarter and first half 2021 financial results
Vistin Pharma ASA: Second quarter and first half 2021 financial results
Oslo, Norway, 19(th) of August 2021
Vistin Pharma ASA (Vistin Pharma, OSE: VISTIN) today announces the financial
results for the second quarter 2021
Revenue in second quarter ended at MNOK 66.8 compared to MNOK 73 in Q2 2020.
Sales volume in the quarter was record high, however revenue negatively affected
by a significantly stronger NOK vs EUR compared to last year.
Second quarter EBITDA ended at MNOK 15.3 (Q2'20: MNOK 20.9) a 26% decrease
compared to similar quarter last year. The lower EBITDA in Q2'21 was driven by a
stronger NOK vs EUR, record high freight and electricity prices and increased
raw material prices compared to similar quarter last year.
The net profit for the group ended at MNOK 8.1 (Q2'20: MNOK 20.7) for the second
quarter of 2021.
Vistin Pharma had cash of MNOK 60 (Q2'20 MNOK: 109) as of 30 June 2021. Approx.
50% of the Metformin Expansion Project (MEP) has been paid as of end June. The
company has a strong balance sheet with an equity ratio of 83% and no interest-
bearing debt.
The Fikkjebakke plant has been running at full capacity and achieved an all-time
high production volume in the quarter, adjusted for a seven-days planned
maintenance stop.
The second quarter conference call, which will be held today, 19th of August, at
8.30am (CET) and will be available via web and audio through the following
access points:
Telephone conference:
Confirmation Code: 7925407
International Dial-In: +44 (0) 203 0095709
Norway, Oslo: +47 21033922
United States, New York: +1 6467871226
Webcast:
https://edge.media-server.com/mmc/p/ejs5nvy8
The conference call will be held in English.
Please find the Q2 report and presentation enclosed. The report will also be
made available on www.vistin.com (http://www.vistin.com).
*****
For further information, please contact:
Kjell-Erik Nordby
CEO
+47 91 36 42 80
[email protected] (mailto:[email protected])
Alexander Karlsen
CFO
+47 97 05 36 21
[email protected] (mailto:[email protected])
This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.