Brief: Mentice Q4 EBITDA Rises To SEK 12.0 Mln

Mentice AB

03/02/2022 07:27

Feb 3 (Reuters) - Mentice AB  MNTC.ST :
    * MENTICE PUBLISHES THE COMPANY'S YEAR-END REPORT FOR THE
PERIOD
JANUARY-DECEMBER 2021
    * Q4 NET SALES AMOUNTED TO 67.7 (45.9) MSEK.
    * Q4 OPERATING INCOME FOR PERIOD BEFORE DEPRECIATIONS
(EBITDA)
TOTALLED 12.0 (4.3) MSEK.
    * CASH FLOW WAS POSITIVE FOR THE QUARTER BUT NEGATIVE FOR
THE FULL
YEAR AS WE INCREASED BOTH INVENTORY AND ACCOUNTS RECEIVABLE WITH
PAYMENT TERMS EXTENDED INTO 2022. A LARGE AMOUNT IS RELATED TO
LARGER CLIENTS IN THE MEDICAL DEVICE SECTOR AND OVER 40 MSEK IS
EXPECTED TO BE RECEIVED IN THE FIRST PART OF 2022.

Source text for Eikon:  ID:nWkrGnB0c 
Further company coverage:  MNTC.ST 

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