Kollect on Demand Holding AB (publ) issues a trading update for October 2021
Today on November 15, 2021, Kollect on Demand Holding AB (publ) (“Kollect” or the “Company”) issues a trading update for October 2021.
Kollect increases total revenue by 47% year-on-year.
Key Figures
| OCT-21 | OCT-20 | VARIANCE | SEP-21 | VARIANCE | |||
| TOTAL REVENUE | SEK 6.1M | SEK 4.1M | 64% | SEK 6.1M | 0% | ||
| TOTAL GROSS MARGIN | 37% | 39% | -2% | 35% | 2% |
Recurring Revenue Activities
Recurring revenues in October 2021 were 38% higher than recurring revenues for October 2020.
Non-Recurring Revenue Activities
Non-recurring revenues grew by approximately 61% compared to October 2020 revenues.
Gross Margin
The Company achieved a gross margin of 37% at a consolidated level in the month. This was 2 percentage points higher than the prior month. The gross margin was 2 percentage points lower than in October 2020 with the reduction being due to the revenue mix.
Since the end of October
BIGbin has received the first four of the ten new compactor bins that were ordered in Q2 2021. The new bins (two of which were received in October and two since the end of the month) have been placed into existing sites to replace older bins, which will now be re-conditioned and put back out on sites as recycling bins in coming months.
