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