First quarter, January – March 2022
- Operating revenue increased by 72.8 % to SEK 85.8 million (49.7). The increase in revenue was driven by the acquisition of dental clinics.
- The spread of omicron in the start of the year affected the financial results negative, but already by March there were clear indications of a recuperation.
- On February 1, Tandläkarhuset Enköping AB was acquired during thereby expanding Dentalum into an eighth region and contributing annual revenues by approximately SEK 26 million.
- Esmaeilzadeh Holding AB increased its shareholding and holds a stake equal to 45.98 % of the shares and votes.
- Dentalum acquired Karlatandläkarna and Mälarkliniken. The acquisition is expected to be completed in May 2022.
- Jens Bruno was recruited as CFO while Sofi Eriksson, former CFO, takes on a strategic role as Executive Advisor, focusing on M&A and leading the preparations for the planned IPO in 2023.
- Net earnings for the quarter amounted to SEK 3.3 million (-3.4).
- Cash flows from operations amounted to SEK 13.2 million (6.8). Net cash flow totalled SEK – 25.3 million (- 6.9).
- As per March 31, 2021, total equity amounts to SEK 257.1 million (84.3), cash balance of SEK 245.3 million (174.5) and interest-bearing debt of SEK 397.7 million (305.5), consisting of bond debt of SEK 400 million.
Significant Events after the reporting period
- Matts Tannerfeldt was appointed new COO and member of the management team. Matts will start his employment on September 1, 2022.
- On April 1, Dentalum completed the acquisition of Swedish Dental.
- At the Annual General Meeting elected Gunilla Öhman and Lars Kvarnsund as new board members and Mikael Lönn was appointed as the new Chairman of the Board.
