Hemply Balance publishes pro forma preliminary full-year figures for 2021, due to completed acquisitions
Hemply Balance Holding AB (publ) ("Hemply Balance" or "The Company") publishes 2021 proforma figures due to the acquisition of Hemp Juice.
The published figures for Hemply Balance 2021 are preliminary and The Company will publish a year-end report on February 25, 2022.
Proforma 2021
The consolidated pro forma figures are theoretical and illustrate an estimated result for The Company if the acquisition had been completed on 1 January 2021 or earlier. If The Company had completed the acquisition on January 1, 2021, The Company would have reported net sales of approximately 157% higher than as a standalone. Gross profit
had been reported at about 159% higher and The Company's gross margin had been estimated at 76.64%.
Pro forma summary in TSEK for the period 1 January - 31 December 2021
(numbers in parentheses refer to the same period last year for Hemply Balance).
- Gross sales 8 589 (5 266).
- Net sales 5 924 (5 261).
- Gross profit 4 540 (4 122).
- Gross margin 76.64% (78.2%).
- EBITDA -11 561 (-3 106).
- Net Profit for the period -15 704 (-5 839).
Proforma income statement for the period 1 January - 31 December 2021.
Hemply Balance publishes a pro forma income statement for the full year 2021 below to illustrate estimated financial results for the group, Hemply Balance Holding. The illustrative purpose is to provide stakeholders with an additional set of data required for analysis against historical results.
| Amounts in thousands SEK | Hemply Balance group 2021 | Hemp Juice 2021 | Hemply Balance koncern (proforma) |
| Gross sales | 4 599 | 3 989 | 8 589 |
| Discounts | 2 296 | 369 | 2 664 |
| Net sales | 2 304 | 3 620 | 5 924 |
| COGS | -552 | -832 | -1 384 |
| Other external costs | -10 306 | -2 207 | -12 513 |
| Personnel costs | -3 458 | -508 | -3 966 |
| Depreciation | -3 076 | -6 | -3 082 |
| Total operatong expenses | -17 392 | -3 553 | -20 945 |
| Operating profit | -15 088 | 67 | -15 021 |
| EBITDA | -12 012 | 73 | -11 939 |
| Profit from financial items | -43 | -2 | -45 |
| Profit before tax | -15 131 | 65 | -15 066 |
| Income tax | 0 | -8 | -8 |
| PROFIT OR LOSS FOR THE YEAR | -15 131 | 57 | -15 074 |
Summary pro forma report on the financial position
Hemply Balance publishes a pro forma financial position report below to describe an estimated financial position of the merged group if the acquisition had been completed on December 31, 2021, or earlier.
| Hemply Balance Holding | Hemp Juice | Hemply Balance group 2021 (proforma) | |
| Amounts in thousands SEK | 2021-12-31 | 2021-12-31 | 2021-12-31 |
| ASSETS | |||
| Fixed assets | |||
| Intangible assets | |||
| Goodwill | 9 996 | 9 996 | |
| Financial assets | |||
| Other long-term receivables | 122 | 122 | |
| Total fixed assets | 10 118 | 10 118 | |
| Current assets | |||
| Stock | 995 | 266 | 1 261 |
| Accounts receivable | 1 016 | 1 016 | |
| Receivables from group company | |||
| Other receivables | 756 | 95 | 851 |
| Prepayments and accured income | 79 | 79 | |
| Cash | 2 520 | 223 | 2 743 |
| Total current assets | 5 367 | 584 | 5 950 |
| TOTAL ASSETS | 15 485 | 584 | 16 069 |
| Equity and liabilities | |||
| Equity and liabilities | |||
| Share capital | 830 | 11 | 841 |
| Other contributed capital | 31 415 | 31 415 | |
| Balanced profit incl. the result of the period | -18 874 | 141 | -18 733 |
| Total equity | 13 371 | 152 | 13 523 |
| Long-term liabilites | 189 | 189 | |
| Current liabilities | |||
| Accounts payable | 1 506 | 1 506 | |
| Current tax liabilities | |||
| Other current libilities | 188 | 242 | 430 |
| Accured expenses and prepaid income | 421 | 421 | |
| Total short-term liabilities | 2 114 | 432 | 2 546 |
| TOTAL EQUITY AND LIABILITIES | 15 485 | 584 | 16 069 |
For further information, please contact:
Jonas Lenne
CEO
Email: investor.relations@hemplybalance.com
Pingis Berg-Hadenius
Chairman of the Board
Email: hadenius@economista.se
About Hemply Balance Holding
Hemply Balance Holding AB (publ) is a health food group that sells safe, high-quality hemp products in three categories: beauty, supplements and pets. The company's goal is to consolidate its position as the leading player in high-quality hemp products and to become a significant player in Europe. The Company owns two brands, Hemp Juice and Hemply Balance.
Augment Partners AB, tel. +46 8 604 22 55, email: info@augment.se is the company's Mentor.
For more information, visit the Hemply Balance website www.hemplybalance.com or www.hempjuice.pl