Company Report
Last edited 2 years ago
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#Financials
stale
Added 2 years ago

Unaudited indicative first half results - For the company as a whole, PNV Group 1H22 total sales (ex Barda) were A$16.28m up 45% on STLY of A$11.25m and including Barda revenue, A$18.04m up 43% on STLY A$12.60m.


We'd heard much of this earlier - great results in the US in the second quarter:

  • US sales for December (ex Barda) were a record A$3.40m / US$2.43m up 76% on Same Time Last Year of A$1.93m / US$1.45m. Monthly US sales for December significantly exceeded US$2m for first time.
  • With the excellent US sales results for October and November the US Q2 results were a record A$8.06m / US$ 5.86m up 105% on STLY of A$3.92m / US$2.89m. Quarterly US sales for Q2 significantly exceeded US$5m for the first time.
  • strong momentum, continuing to add salespeople and internal roles in the US and converting accounts successfully


Outside the US is "patchy" to use the technical term in the release:

  • The major focus markets outside the US have been patchy, but initiatives are being undertaken to improve the effectiveness of our in-market programs, our direct sales force and distributor networks.
  • In Europe there is positive progress with reordering and a first sale to Cyprus, first sales including repeat orders in Denmark, Italy, and Germany, and our first order shipped to Poland in early January 2022.
  • In UK/IRE we have appointed two new sales staff to cover north and south of London.