Awardit Interim report, april - june 2021
Awardit AB (publ), listed on the NASDAQ First North Growth Market, submits the following report for the period 1 April to 30 June 2021.
April – June 2021
Revenue amounted to MSEK 112.4 (MSEK 69.2 April - June 2020)
Operating result EBIT amounted to MSEK 7.9 (4.5)
Operating margin EBIT amounted to 7.0 (6.6) per cent
Operating result EBITA amounted to MSEK 14.2 (6.4)
Operating margin EBITA amounted to 12.7 (9.2) per cent
Earnings per share after tax amounted to SEK 0.31 (0.46)
EBITA per share amounted to SEK 2.08 (0.94)
January – June 2021
Revenue amounted to MSEK 175.5 (MSEK 129.7 January - June 2020)
Operating result EBIT amounted to MSEK 12.6 (11.6)
Operating margin EBIT amounted to 7.2 (8.9) per cent
Operating result EBITA amounted to MSEK 20.9 (15.2)
Operating margin EBITA amounted to 11.9 (11.8) per cent
Earnings per share after tax amounted to SEK 0.78 (1.25)
EBITA per share amounted to SEK 3.05 (2.23)
Important events during the period
On 15 April 2021, MBXP ApS was taken over. MBXP was founded in 2012 and is the Nordic region's largest distributor of digital gift cards and other vouchers in physical retail and grocery stores.
On 11 May, Awardit and the owners of The Inspiration Company TIC AB (TIC) signed a Term Sheet, meaning that Awardit acquired 100% of the shares in TIC.
Awardit carried out a private placement of almost MSEK 90 in mid-June. A large number of Swedish and international institutional investors, including Consensus Asset Management, Filip Engelbert and Jonas Nordlander, participated in the private placement, which was heavily oversubscribed.
A change of CEO was carried out on 18 June, where Niklas Lundqvist replaced Henrik Olander as CEO. Henrik Olander was also appointed the Company's COO.
Important events after the end of the period
On 1 July, the acquisition of TIC was completed when the share transfer agreement regarding all shares in TIC was signed. The purchase price amounted to MSEK 60 on a debt-free basis, including cash of approximately MSEK 10. MSEK 30 of the purchase price was paid in cash and MSEK 30 was paid in the form of reversals which were converted into Awardit shares following an issue decision at the Extraordinary General Meeting on 16 August. Of the amount paid in cash, MSEK 10 was financed from Awardit's cash and bank balances, and MSEK 20 through bank loans.