Interim report
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MOMENT GROUP AB ( publ . ) , 556301-2730 Interim report 1 January - 30 September 2021 , Gothenburg 10 November 2021 MOMENT GROUP Interim report 1 January - 30 September 2021 THIRD QUARTER 2021 2021 2020 SEK million Jul - Sep Jul - Sep 2021 Jan - Sep 2020 2020 Jan - Sep Jan - Dec Net sales 92 31 137 281 330 Pro rata sales 92 31 137 224 274 Other operating income 10 8 64 43 67 EBITDA -1 -31 -9 -80 -97 Adjusted EBITDA , SEK million -2 -31 -10 -61 -70 EBIT -16 -68 -54 -152 -196 Adjusted EBIT , SEK million -17 -47 -55 -112 -137 Profit / loss before income tax -21 -74 29 -170 -221 Operating margin -17 % -217 % -39 % -54 % -59 % Adjusted operating margin % -18 % -152 % -40 % -40 % -41 % Operating margin , pro rata -17 % -219 % -39 % -68 % -72 % Adjusted operating margin , pro rata % -18 % -153 % -40 % -50 % -50 % Earnings per share after dilution , SEK -0.04 -0.29 0.04 -0.73 -0.92 SIGNIFICANT EVENTS DURING THE QUARTER Since 29 September , all operations within Moment Group have been able to open fully again . This follows 18 months of almost total enforced closure as a result of Corona - related restrictions . Happily , this means that shows , musicals , theatres and activity restaurants may open for full occupancy during a fourth quarter that is so important for the Group . A successful première of the summer performance at Vallarna's outdoor theatre took place on 4 July and continued playing to virtually full houses until the middle of August , but to a permissible maximum audience of around 500 guests per occasion compared to 1,600 , which is full capacity . As with previous years , the majority of the operations in the Group were closed during the summer holiday period . The activity arenas reopened in the middle of August , followed by premières for cabarets , theatre performances and nightclub shows , even though audience size was restricted throughout the quarter . Activity levels in the Minnesota Communication and Hansen event companies were initially low , but after the holiday period , both companies enjoyed increasing demand for digital and physical events , as well as hybrid meetings . • Martin du Hane , who holds the positions of pro tem CEO / Group CEO and Group CFO , was appointed CFO for Moment Group after having held the position of pro tem Group CFO since 12 February 2020 , when he took over from Josefin Dalum upon her beginning parental leave . Josefin Dalum has chosen to leave the company and not return to her position after her parental leave is over . The number of shares and votes increased during the period by 3,278,287 as a result of a corresponding number of exercised warrants . Thus the company was provided with approx SEK 870,000 . The total number of shares and votes in the company totals 436,863,711 . SIGNIFICANT EVENTS AFTER THE END OF THE PERIOD One week into the current quarter , the company announced that bookings were on a par with expectations , intensive marketing and sales efforts were in progress and that all operations were fully open . MOMENT GROUP is one of the leading players in the Scandinavian experience industry . The Group creates experiences for more than 2 million guests every year . Moment Group operations are conducted in three business areas from offices in Gothenburg , Stockholm , Copenhagen , Oslo and Falkenberg . The head office is located in Gothenburg . Moment Group is listed on Nasdaq Stockholm , Main Market and has bonds listed on the Corporate Bond List of Nasdaq Stockholm . Financial documentation , accounting policies , press releases , information about the operation and contact details are available at www.momentgroup.com