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declined year-on-year due to a temporary reduction in orders from a major OEM
customer, the Company achieved an all-time high in customer numbers and order
volumes-highlighting early progress in its commercial transformation strategy.
Highlights:
· Total revenue for Q1 2025 was NOK 24.9 million, compared to NOK 30.0 million
in Q1 2024.
· Sales revenue amounted to NOK 23.3 million, primarily affected by a NOK 9
million decline in orders from a major OEM customer in the Molecular Tools
segment compared to Q1 2024. Excluding this customer, sales grew by 12% year-on
-year.
· EBITDA was NOK -3.7 million, compared to NOK 2.3 million in Q1 2024,
reflecting amongst others ongoing investments in commercial transformation, IT
systems, and foreign exchange effects.
· Record order activity, with a total of 342 customer orders in Q1 2025, up
from 301 in the same period last year. Orders were split between
Biomanufacturing (205) and Molecular Tools (140), with some orders containing
products from both portfolios.
· The number of Biomanufacturing orders increased by 25%, while Molecular
Tools orders rose by 3.7%, compared to Q1 2024.
· Biomanufacturing momentum continues, with 107 biomanufacturing customers in
Q1 and 227 unique customers over the past 12 months-both all-time highs.
· U.S. market acceleration, with a 25% year on year sales increase, driven by
increased activity in the cell and gene therapy (CGT) segment, particularly on
the East Coast.
· Strategic adoption of SAN HQ enzymes by a new U.S.-based CDMO for AAV
manufacturing, with an additional CDMO currently evaluating M-SAN for
integration in the second half of 2025
Commercial transformation strategy laying the groundwork for long-Term growth
ArcticZymes’ commercial transformation continues to gain traction. A growing and
increasingly diversified customer base, particularly within biomanufacturing, is
laying the foundation for long-term growth. The Company’s strategy of engaging
customers early in their process development is proving effective, especially as
enzyme adoption during the early stages of platform design tends to result in
long-term integration and recurring business. CDMOs, therapeutic and diagnostic
developers standardizing AZT enzymes in their manufacturing workflows represent
a key growth lever.
“There are early signs that our transformation efforts are beginning to pay off.
In Q1, we achieved an all-time high of 227 unique biomanufacturing customers
over the past year, with 107 in the first quarter alone. We also saw a 21% year
-on-year increase in biomanufacturing sales. The total number of customer orders
reached 342-our highest ever-and we saw strong growth in Biomanufacturing.
Importantly, a new CDMO partner in the U.S. has standardized SAN HQ in their AAV
manufacturing protocols, opening exciting long-term opportunities. These
milestones confirm the growing market traction of our offering and position us
well for sustainable growth.” Commented Michael Akoh, CEO of ArcticZymes
Technologies.
-Ends-
Presentation and Webcast
The Company will host a virtual Q1 2025 presentation for investors, analysts and
media at 8:30 CET on Thursday, May 8, 2025.
The presentation will be given by CEO, Michael Akoh, VP Sales and Marketing Paul
Blackburn and CFO, Børge Sørvoll.
The presentation can be followed as a live webcast from Hegnar TV on
https://channel.royalcast.com/landingpage/hegnarmedia/20250508_9/ or
www.arcticzymes.com. It will be possible to post questions through the webcast
console.
The report for Q1 2025 will be available on www.newsweb.no and on the company’s
homepage www.arcticzymes.com from 07.00 CET on Thursday, May 8, 2025.
For more information, please contact:
ArcticZymes Technologies ASA
CEO, Michael B. Akoh Tel: +46 (0) 70 262 37 15
CFO, Børge Sørvoll Tel: +47 95 29 01 87
ir@arcticzymes.com
About ArcticZymes Technologies ASA
ArcticZymes Technologies is a Norwegian life sciences company focused on the
development, manufacturing and commercialization of novel recombinant enzymes
for use in molecular research, In Vitro Diagnostics (IVD) and biomanufacturing.
Listed on the Oslo Stock Exchange since 2005 originally under the [AZT] ticker.
Its headquarters are based in Tromsø, Norway, at the SIVA Innovation Centre.
ArcticZymes Technologies’ IP and capabilities are protected via a large
portfolio of patents.
For more information, please visit the website: www.arcticzymes.com
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