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.
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|
|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|
|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|
|Goodwill||9 996||9 996|
|Other long-term receivables||122||122|
|Total fixed assets||10 118||10 118|
|Accounts receivable||1 016||1 016|
|Receivables from group company|
|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|
|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|
|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:
Chairman of the Board
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: email@example.com is the company's Mentor.