Interim Report fourth Quarter and full year 2020

NASDAQ FIRST NORTH GROWTH MARKET, DENMARK TICKER: STENO   STENOCARE A/S (“STENOCARE”) today announces its unaudited results for the period 01.01.2020 – 31.12.2020. The report is attached to this release and is also available on https://stenocare.com/investor-relations/  

Thomas Skovlund Schnegelsberg, CEO of STENOCARE, comments:

“Despite the continued challenges caused by Covid19 STENOCARE was able to return to having medical cannabis products for sale in Sweden in the fourth quarter of 2020. This was important for several reasons: We entered a new country, started generating revenue and is was proof of our ability to execute on the STENOCARE 2.0 strategy”.

(KDKK)

01.10.2020

31.12.2020

3 months

01.10.2019

31.12.2019

3 months

01.01.2020

31.12.2020

12 months

01.01.2019

31.12.2019

12 months

Total income *)10511,25519816,206
Net sales10501984,942
Operating profit before depreciation (EBITDA)-3,8457,313-11,8314,417
Net financial items-11-485-1,648-2,112
Result per share (DKK)-0.340.59-1.120.19
Solidity (%)93439343

Result per share: The result for the period divided by the average number of shares. Total number of shares as of December 31, 2020, amounted to 11,676,126 (8,942,762). Average number of shares for the fourth quarter 2020 was 11,676,126 (8,942,762).

Solidity: Equity divided by total capital.

*Total income includes net sales and other income.

Highlights during the period

  • December 2020, STENOCARE announced the first delivery of THC medical cannabis oil products to Swedish patients
  • December 2020, the company shared the decision from The U.N. to reclassify cannabis as a less dangerous drug

Highlights after the period

  • February 2021, STENOCARE announced the first delivery of THC-CBD balanced medical cannabis oil products to Swedish patients
 

This information is information that STENOCARE A/S is obliged to publish in accordance with the EU Market Abuse Regulation. The information was provided by the contact person below for publication on February 25, 2021.