BoMill Year-End Report, January – December 2022

BoMill AB (”BoMill” or the “Company”) hereby publishes the Year-End Report for the period January 1 – December 31, 2022. 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:

“During the fourth quarter of 2022, the team has focused on the launch of BoMill InSight™. We are ready for launch, and I am convinced 2023 will be an exciting year for BoMill.”

Net sales and income for the fourth quarter (October – December 2022)

• Net sales amounted to KSEK 20 (KSEK 578)
• Net income after financial items amounted to KSEK -8 381 (KSEK -5 735)
• Net income per net weighted average share amounted to SEK -0,18 (SEK -0,37)
• Cash flow during the fourth quarter amounted to KSEK -4 353 (KSEK -4 223)
• As of December 31, 2022, cash and cash equivalents in the Company amounted to KSEK 14 644 (KSEK 14 542)

Net sales and income year-end (January – December 2022)

• Net sales amounted KSEK 560 (KSEK 983)
• Net income after financial items amounted to KSEK -25 251 (KSEK -22 718)
• Net income per net weighted average share amounted to SEK -0,75 (SEK -1,72)
• Cash flow during the period amounted to KSEK 102 (KSEK -10 804). In June 2022, BoMill raised approximately MSEK 21.3 prior to transaction costs via a rights issue.
• Orders received during the period amounted to KSEK 2 600 (KSEK 0)

Highlights during the fourth quarter         

• On December 16, 2022, BoMill announced the appointment of Cajsa Kapoor as the new Chief Financial Officer (CFO) for the company.
• On December 20, 2022, BoMill announced receiving an order with a value of MSEK 2.6, from Europe’s largest milling group GoodMills Group.

Highlights after the period 

• On January 12, 2023, BoMill appointed its Nomination Committee ahead of its 2023 Annual General Meeting which will take place on May 11, 2023.
• On January 26, 2023, BoMill launched BoMill InSight™. Prior to the launch, two orders have already been received, planned to be delivered during Q2 2023.