Overview
Norwegian consumer health firm's Q4 revenue rose yr/yr
Human Nutrition B2B revenues increased 300% yr/yr, driven by strong demand
Company raised NOK 158 mln in private placement, sold stake in AecorBio Inc.
Outlook
Company expands regulatory access with ingredient approvals in Australia and South Korea
HBC raised NOK 158 mln in private placement to support growth and R&D
Company sees strong demand for ProGo® and CalGo® driving revenue growth
Result Drivers
HUMAN NUTRITION GROWTH - Human Nutrition B2B revenues increased by 300% yr/yr, driven by strong demand for ProGo® and CalGo®
REGULATORY EXPANSION - Expanded regulatory access with ingredient approvals in Australia and South Korea, opening large markets
PET NUTRITION IMPROVEMENT - Pet Nutrition B2B volumes and revenues improved, supported by increased customer engagement and trade-show activity
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
NOK 72.20 mln
Q4 EBITDA
-NOK 26.50 mln
Press Release: ID:nGNEBBcFl
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)