Aqua Bio Technology ASA – Cosmed Beauty Shop has been launched in Sweden and sales have begun
15.9.2022 08:34:00 CEST |Aqua Bio Technology ASA | Non-regulatory press releases Reference is made to stock exchange announcement28 July 2022 - https://newsweb.oslobors.no/message/567588 with the completion of acquisition ofCosmed Beauty AS and Ultrabody AB . Through the acquisition ofUltrabody AB the Swedish webshop - https://cosmedbeautyshop.se/ has now been launched and the first sales to customers have taken place. Cosmed Beauty AS has sinceOctober 2020 collaborated withEqual Agency - https://www.equalagency.no/ for social media marketing inNorway and is also collaborating with many ambassadors and influencers, achieving good results with marketing made by influencers. The skincare distribution specialist Cosmed Beauty AS - https://www.cosmedbeautyshop.no/ has access to 800-900 salons and spas, in addition to end users, to which they distribute various products inNorway . As communicated in stock exchange message28 June 2002 - https://newsweb.oslobors.no/message/565986 the turnover in their Norwegian online store as ofMay 2022 was higher than in 2021 fiscal year. Cosmed Beauty AS now duplicates the Norwegian successful strategy intoSweden and has engaged Metapic - https://metapic.com/en for this work. Metapic is one ofSweden's biggest platforms for collaborations and influencers.Sweden has twice the inhabitants ofNorway . All logistics are served fromSweden , by a third-party webshop-storage solution. Having the storage solution inSweden , opens up to handle orders from other countries outside ofSweden as well. By combiningAqua Bio Technology's (ABT) position as a product supplier withCosmed Beauty AS and Ultrabody AB's capacity in distribution, ABT controls a very profitable value chain from production, distribution, to end users inNorway andSweden . In addition through the acquisition ofUltrabody AB , ABT gets access to all countries within the EU.Cosmed Beauty AS and Ultrabody AB are heading for a turnover of 17-18 MNOK in 2022 with an EBITDA of around 4-5 MNOK. The budget forCosmed Beauty AS and Ultrabody AB shows an increasing EBITDA margin and yearly average growth rate of more than 50% p.a. for the years 2022 to 2027. As a consequence of the acquisition,Cosmed Beauty AS and Ultrabody AB 's financial results will become consolidated financial statements in ABT fromAugust 2022 . **** For further information, please contact CEOHåvard Lindstrøm mobile phone +47 941 32 288.Aqua Bio Technology (ABT) is developing and commercializing sustainable biotechnology for use in skincare products. ABT's cosmetics ingredients are highly effective and they provide the cosmetics industry with natural alternatives to traditional ingredients. ABT is also marketing and distributing natural skincare products developed by partners towards consumers and professional users. ABT's focus on commercialization and development of natural ingredients and natural skincare products has been, and will continue to be, an important part of the Company's strategy going forward.Aqua Bio Technology is listed on the Euronext Expand market of theOslo Stock Exchange . DISCLOSURE REGULATION This information is subject of the disclosure requirements pursuant to section of 5-12 of the Norwegian Securities Trading Act. CONTACTS * Håvard Lindstrøm, 004794132288, [email protected] ABOUTAQUA BIO TECHNOLOGY ASA Aqua Bio Technology (ABT) is developing and commercializing sustainable biotechnology for use in skin care products. ABT's cosmetics ingredients are highly effective and they provide the cosmetics industry with natural alternatives to traditional ingredients. ABT is also marketing and distributing natural skin care products developed by partners towards consumers and professional users.Aqua Bio Technology is listed on Euronext Expand. ATTACHMENTS Download announcement as PDF.pdf - https://kommunikasjon.ntb.no/ir-files/17847556/1748/2343/Download%20announcement %20as%20PDF.pdf
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