Lördag 14 December | 08:20:01 Europe / Stockholm

Kalender

Tid*
2024-11-06 - X-dag bonusutdelning VISTN 0.5
2024-11-06 - X-dag halvårsutdelning VISTN 0.5
2024-10-31 - Kvartalsrapport 2024-Q3
2024-08-23 - Kvartalsrapport 2024-Q2
2024-06-05 - X-dag bonusutdelning VISTN 0.5
2024-06-05 - X-dag halvårsutdelning VISTN 0.5
2024-05-23 - Årsstämma
2024-04-24 - Kvartalsrapport 2024-Q1
2024-02-16 - Bokslutskommuniké 2023
2024-01-23 - X-dag ordinarie utdelning VISTN 0.75 NOK
2024-01-23 - X-dag bonusutdelning VISTN 0.75
2023-10-25 - Kvartalsrapport 2023-Q3
2023-08-23 - Kvartalsrapport 2023-Q2
2023-05-23 - X-dag ordinarie utdelning VISTN 0.00 NOK
2023-05-22 - Årsstämma
2023-04-27 - Kvartalsrapport 2023-Q1
2023-02-17 - Bokslutskommuniké 2022
2022-10-26 - Kvartalsrapport 2022-Q3
2022-08-19 - Kvartalsrapport 2022-Q2
2022-05-24 - X-dag ordinarie utdelning VISTN 0.00 NOK
2022-05-19 - Årsstämma
2022-04-27 - Kvartalsrapport 2022-Q1
2022-02-17 - Bokslutskommuniké 2021
2021-10-28 - Kvartalsrapport 2021-Q3
2021-08-19 - Kvartalsrapport 2021-Q2
2021-05-21 - X-dag ordinarie utdelning VISTN 0.50 NOK
2021-05-21 - X-dag bonusutdelning VISTN 0.5
2021-05-20 - Årsstämma
2021-04-23 - Kvartalsrapport 2021-Q1
2021-02-19 - Bokslutskommuniké 2020
2020-10-30 - Kvartalsrapport 2020-Q3
2020-08-28 - Kvartalsrapport 2020-Q2
2020-06-24 - Extra Bolagsstämma 2020
2020-05-20 - X-dag ordinarie utdelning VISTN 1.00 NOK
2020-05-19 - Årsstämma
2020-04-23 - Kvartalsrapport 2020-Q1
2020-02-28 - Bokslutskommuniké 2019
2019-10-25 - Kvartalsrapport 2019-Q3
2019-08-29 - Kvartalsrapport 2019-Q2
2019-05-23 - X-dag ordinarie utdelning VISTN 0.00 NOK
2019-05-22 - Årsstämma
2019-04-25 - Kvartalsrapport 2019-Q1
2019-02-19 - Bokslutskommuniké 2018
2018-10-25 - Kvartalsrapport 2018-Q3
2018-08-30 - Kvartalsrapport 2018-Q2
2018-05-25 - X-dag ordinarie utdelning VISTN 1.00 NOK
2018-05-08 - Årsstämma
2018-04-26 - Kvartalsrapport 2018-Q1
2018-02-27 - Bokslutskommuniké 2017
2017-11-03 - X-dag bonusutdelning VISTN 7
2017-11-02 - Extra Bolagsstämma 2017
2017-10-27 - Kvartalsrapport 2017-Q3
2017-08-31 - Kvartalsrapport 2017-Q2
2017-05-26 - X-dag ordinarie utdelning VISTN 1.00 NOK
2017-05-24 - Årsstämma
2017-04-26 - Kvartalsrapport 2017-Q1
2017-02-28 - Bokslutskommuniké 2016
2016-10-31 - Kvartalsrapport 2016-Q3
2016-08-30 - Kvartalsrapport 2016-Q2
2016-05-25 - X-dag ordinarie utdelning VISTN 0.60 NOK
2016-05-24 - Årsstämma
2016-04-28 - Kvartalsrapport 2016-Q1
2016-02-23 - Bokslutskommuniké 2015
2015-10-29 - Kvartalsrapport 2015-Q3
2015-08-26 - Kvartalsrapport 2015-Q2

Beskrivning

LandNorge
ListaOB Match
SektorHälsovård
IndustriLäkemedel & Handel
Vistin Pharma är ett norskt läkemedelsbolag. Bolaget bedriver forskning och utveckling samt vidare produktion av farmaceutiska substanser (API), främst substanserna metformin, kodein fosfat och folkodin. Substanserna används huvudsakligen vid behandling av diabetes. Idag innehas verksamhet på global nivå, med störst närvaro på den nordiska marknaden. Vistin Pharma grundades under 2015 och har sitt huvudkontor i Oslo.
2022-10-26 07:45:00

Oslo, Norway, 26th of October 2022

Vistin Pharma ASA (Vistin Pharma, OSE: VISTIN) today announces the financial results for the third quarter 2022

Strong revenue growth in the quarter compared to last year. Revenue in the third quarter ended at MNOK 92 compared to MNOK 63 in Q3 2021, a 46% increase. Sales volume in the quarter was up by 19% compared to same quarter last year. The demand in the market for metformin from Vistin is high. However, there were still limitations on volume available for sale, due to MEP ramp-up activities.

Third quarter EBITDA ended at negative MNOK 2.9 (Q3’21: MNOK 3.8). Volatility with Ukraine situation and European energy prices continues to put pressure on profitability with record high electricity prices and increasing raw material cost (both inflation and USDNOK FX rate). In addition there were a one-time negative cost effect of MNOK 5 in quarter in relation to non-sellable validation batches from the new production line and inventory adjustment.

The net profit ended at negative MNOK 6.7 (Q3’21: MNOK 0.9) for the third quarter of 2022.

Continued process optimizations resulted in close to 1100MT production volume which is a new quarterly record. Installed capacity at end Q3 is close to 5000MT and is expected to continue to improve gradually during Q4 to reach an annual capacity of >5 500MT by end 2022. Annual capacity of close to 7000MT expected to be reached by 2023

Vistin Pharma had net debt of MNOK 38 (Q3’21 net cash MNOK: 52) as of 30 September 2022. Driven by volume-ramp up, increased raw material stocks and time from production start of line #2 to payment from customers, the working capital requirements in Q3 has been high. The operational cash flow is expected to improve from Q4. A revolving credit facility has been established to handle planned liquidity effects from ongoing expansion and investments.

Approx. 85% of the Metformin Expansion Project (MEP) has been paid as of end September and project cost is according to budget.

The third quarter conference call, which will be held today, 26th of October, at 8.30am (CET), will be available via webcast and audio through the following access points:

Webcast:
https://edge.media-server.com/mmc/p/ffgh24aq

Telephone conference (online registration):

https://register.vevent.com/register/BI07bfaf2bbf674f2387a73e982a162114

The conference call will be held in English.    

Please find the Q3 report and presentation enclosed. The report will also be made available on www.vistin.com.

*****

For further information, please contact:

Alexander Karlsen
CFO
+47 97 05 36 21
alexander.karlsen@vistin.com

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.