EQOLOGY had a turnover of 166,8 MNOK (116,8 MNOK) in the first 6 months of 2021 vs. 2020 which was a growth of + 42,8 % in turnover. The turnover in the first 6 months was all time high for the company. The growth is due to very good development in our key European markets and growth in new opened European markets. Focus has been to grow the company further within the European Union and the company is now present in 26 European markets.

The company has the first 6 months of 2021 launched several good commercial initiatives according to strategy. To fulfill its European market strategy, the company has in 2021 opened 3 new markets (Spain, Croatia and Malta).  In addition, the company has conducted several corporate digital conventions with success. In June, we conducted our digital summer rally. During the convention in June, the company launched its new premium vitamin & mineral product, Nordic Energy booster, an ultimate dietary supplement complex with active vitamins and minerals. The sales since the launch have been promising. In connection with the launch of the Nordic Energy Booster, we also launched our ultimate 3 product package strategy, “Norwegian Health Formula” consisting of our 3 ultimate premium health supplement products Pure Arctic Oil (Omega 3), K2/D3 Vitamin and Nordic Energy Booster. The new 3 package strategy is available for business partners and consumers as a monthly subscription package. 
 
The company achieved an EBITDA of 10,8 MNOK, which was an improvement of + 32 % 
(+ 2,5 MNOK) vs. first 6 months 2020. 

The report for the first 6 months of 2021 is attached.

For questions, contact:

Roar Arnstad
CEO
E-mail: roar.arnstad@eqology.no

Christian Espeseth
Chairman of the board