Kollect on Demand Holding AB (publ) issues a trading update for May 2021
Kollect reports record monthly revenue of SEK 5.7M, and increases recurring revenue by 65% year on year.
Key Figures
| MAY 21 | APR 20 | VARIANCE | MAR 21 | VARIANCE | |||
| TOTAL REVENUE | SEK 5.7M | SEK 4.2M | 35% | SEK 5.4M | 3% | ||
| TOTAL GROSS MARGIN | 40% | 35% | 5% | 38% | 2% |
Recurring Revenue Activities
Recurring revenues in April 2021 were 65% higher than recurring revenues for May 2020.
Non-Recurring Revenue Activities
Non-recurring revenues grew by approximately 9% compared to May 2020 revenues and were up by approximately 5% compared to April 2021 revenues.
Gross Margin
The Company achieved a gross margin of 40% at a consolidated level in the month. This was an increase of 2 percentage points on the prior month and an increase of 5 percentage points compared to a gross margin of 35% in May 2020.
Please click on the attached PDF for the full trading update