Maintained profitability and continued growth
Second quarter, April – June 2022
- Operating revenue increased by 72.8 % to SEK 85.8 million (49.7).
- EBITDA amounted to SEK 24.4 million (12.6)
- Net earnings amounted to SEK 4.8 million (-0.4).
- Operating cash flow amounted to SEK 25.3 million (12.6). Net cash flow totalled SEK – 46.7 million (-64.0).
- Total equity amounts to SEK 262.0 million (101.5), cash balance of SEK 198.6 million (110.5) and interest-bearing debt of SEK 397.7 million (300.3).
- During the period Dentalum acquired three (3) clinics with annual revenue of SEK 81 million.
- Dentalum strengthened the team with the recruitment of Matts Tannerfeldt as COO.
- The Annual General Meeting re-elected Mikael Lönn, Robin Rutili and Marcus Ladow as members of Board of the Directors as well as to elect Gunilla Öhman and Lars Kvarnsund as new members. Mikael Lönn was appointed as Chairman of the Board.
First six months, January – June 2022
- Operating revenue increased by 78 % to SEK 191.6 million (107.9).
- Net earnings for the first six months amounted to SEK 8.2 million (-3.8).
- Cash flows from operations amounted to SEK 29.3 million (19.1). Net cash flow totalled SEK – 71.0 million (- 70.9).
Significant Events after the reporting period
- Dentalum expanded in the north of Sweden via the acquisitions of Skellefteå Tandvård’s two clinics and Tandcenter Umeå and Lövånger
- Dentalum acquired NOVO Dental in Sundbyberg, Stockholm.
“Dentalum’s operating revenue in Q2 amounted to 105 MSEK, which is an increase by 23% compared to Q1. The Group EBITDA increased by 16%, amounting to 24 MSEK. Our 24 clinics generated on pro forma basis revenues of 409 MSEK with an EBITDA of 102 MSEK, yielding a healthy EBITDA-margin of 25%.
Step by step we are building Dentalum towards our vision to become a leading dental group with a world class organisation.”, says CEO Max Dorthé Ladow in a comment