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Beskrivning

LandNorge
ListaOB Match
SektorHälsovård
IndustriBioteknik
ArcticZymes Technologies är verksamma inom bioteknik. Bolaget specialiserar sig inom forskning och utveckling av läkemedel för behandling av autoimmuna sjukdomar. Störst inriktning återfinns inom utveckling av glukaner, framtagande av immunstimulerande medel, samt analys av enzymer. Visionen är att testa och utveckla medicinen för att sedan föra vidare dessa i användning för RNA och DNA processer. Bolaget gick tidigare under namnet Biotec Pharmacon och har sitt huvudkontor i Tromsö.
2022-10-27 07:00:13
Tromsø, Norway, 27[th] October 2022 - ArcticZymes Technologies (OSE: AZT)
reported sales of NOK 29.3 million (25.2) and an EBITDA of NOK 2.8 million (9.9)
for the third quarter of 2022.

Highlights from Q3 and first 9 months 2022

· ArcticZymes Technologies (AZT) had Q3 sales of NOK 29.3 million growing by
16% (Q3 2021: NOK 25.2 million) and sales for the first 9 months of NOK 108.8
million growing by 24% (9M 2021: NOK 87.5 million)
· AZT had a positive EBITDA for Q3 of NOK 2.8 million, a reduction of NOK 6.2
million (Q3 2021: NOK 9.9 million) and a positive EBITDA for the first nine
months of NOK 40.2 million, a reduction of 0.6 million (9M 2021: NOK 40.8
million)
· Increased expenses correspond to investing in growth initiatives such as
talent acquisition, expansion in Oslo, the Drug Master File (DMF) and external
M&A support
· Cash flow for Q3 was positive NOK 7.6 million (Q3 2021: NOK 9.9 million)
giving a cash balance of NOK 238.6 million (Q3 2021: NOK 186.9 million)
· Expression studies have yielded several promising R&D prototypes of RNA
enzymes
· ArcticZymes intensifies the M&A process, entering discussions with a select
group of international companies

CEO Jethro Holter comments:

"Sales continue to grow despite headwinds related to seasonal effects with
customer vacations and the foreseen void created following the pandemic where
demand for enzymes for Coronavirus-related applications has vastly reduced.

The main growth driver for the quarter was the Biomanufacturing business.
Molecular tools achieved flat performance for the quarter but growth for the
first nine months.

Inorganic growth initiatives advance to discussions with a select group of
international companies."

-Ends-

Presentation and Webcast

The company will host a presentation for investors, analysts and media at 08:30
CET on Thursday, 27[th] October 2022 at Hotel Continental, Stortingsgata 24/26,
Oslo.

The presentation will be given by CEO, Jethro Holter and CFO, Børge Sørvoll

The presentation can also be followed as a live webcast from Hegnar TV on
www.arcticzymes.com or
https://channel.royalcast.com/landingpage/hegnarmedia/20221027_3/ post questions
through the webcast console.

The results, report and presentation for the third quarter and first nine months
2022 will be available on www.newsweb.no (https://protect
-eu.mimecast.com/s/ax_EC4xJkS8gx1SMlEBY?domain=newsweb.no) and on the company's
homepage www.arcticzymes.com from 07:00 CET on 27[th] October 2022.

For more information, please contact:

ArcticZymes Technologies ASA
CEO, Jethro Holter Tel: +47 46 85 91 46
CFO, Børge Sørvoll Tel: +47 95 29 01 87
ir@arcticzymes.com

About ArcticZymes Technologies ASA

ArcticZymes Technologies is a Norwegian life sciences company focused on the
development, manufacturing and commercialization of novel recombinant enzymes
for use in molecular research, In Vitro Diagnostics (IVD) and biomanufacturing.

Listed on the Oslo Stock Exchange since 2005 originally under the [Biotec]
ticker, as Biotec Pharmacon. The company rebranded as ArcticZymes Technologies
in 2020 under the [AZT] ticker. Its headquarters are based in Tromsø, Norway, at
the SIVA Innovation Centre.

ArcticZymes Technologies' IP and capabilities are protected via a large
portfolio of patents.

For more information, please visit the website: www.arcticzymes.com