BoMill Year-End Report, January – December 2021

BoMill AB (”BoMill” or the “Company”) hereby publishes the Year-End Report for the period January 1 – December 31, 2021. The Year-End Report is available as an attached file to this release and on BoMill’s website. Below is a summary of the report.

CEO Andreas Jeppsson comments:

“To summarize the year, we are pleased to have further strengthened our organization for the future and updated our strategic plan for 2022 while taking the first step into the very important Russian market.”

Net sales and income for the fourth quarter (October – December, 2021)                      

• Net sales increased to KSEK 578 (KSEK 5).
• Net income after financial items amounted to KSEK -5 735 (KSEK -6 163).
• Net income per net weighted average share amounted to SEK -0,37 (SEK -0,52).
• Cash flow during the fourth quarter amounted to KSEK -4 223 (KSEK 17 207).

Net sales and income year-end 2021 (January – December, 2021)          

• Net sales increased to KSEK 983 (KSEK 57).
• Net income after financial items amounted to KSEK -22 718 (KSEK -21 582).
• Net income per net weighted average share amounted to SEK -1,72 (SEK -3,18).
• Cash flow during the period amounted to KSEK -10 804 (KSEK 21 127).
• As of December 31, 2021, cash and cash equivalents in the Company amounted to KSEK 14 542 (KSEK 25 346). In August 2021, BoMill raised approximately MSEK 14.3 prior to transaction costs via a directed share issue to a number of key investors.

Highlights during the fourth quarter         

• On October 1, 2021, BoMill announced signing of a contract with the Russian grain processing company KSC Metelitca with an order value of KEUR 45.
• On October 22, Julie Peyrache announced her resignation as Board of director in BoMill. CapAgro will onwards be represented by Pierre Kiener and Tom Espiard-Cignaco in the Board of Directors.