The financial information is preliminary and may be adjusted in connection with the preparation of the Company's year-end report 2020, which is intended to be published on March 5, 2021. The pro forma* is only intended to describe the hypothetical situation of the new group as if all of Bayn's subsidiaries had been taken into ownership for the period January 1, 2020 to December 31, 2020.
PROFORMA* INCOME STATEMENT BAYN AND ITS SUBSIDIARIES 1 JAN 2020 TO 31 DEC 2020
| (SEK MILLION) | Bayn 2020 Total | Bayn Q4 | Bayn YTD Q3*** |
| Revenues | SEK 345 MILLION | SEK 90 MILLION | SEK 255 MILLION |
| Adjusted. EBITDA** | SEK 10 MILLION | SEK 5 MILLION | SEK 5 MILLION |
Bayn has investigated the possibilities to carry out the Bond Issue and has together with Carnegie Investment Bank AB (publ) prepared the Investor Presentation which will be published on Bayn's website www.bayngroup.com/investors. In connection with the preparation of the Investor Presentation, Bayn has prepared preliminary financial pro forma* to illustrate the revenues and adjusted EBITDA** of the combined Company and its subsidiaries for the full year 2020 and for the fourth quarter 2020, which are presented in the table above.
*Bayn Group is a fast-growing foodtech group with an adopted strategy to grow both organically and through acquisitions. In 2020, Bayn has developed strongly and completed and communicated several acquisitions. To illustrate the scope of the group at the date of publication of this press release and as a basis for the investor presentation, a pro forma of revenue and adjusted EBITDA is presented. The purpose is to provide a picture of what the Group's results would have looked like as of December 31, 2020 if the companies acquired during the year, or where agreements on acquisitions have been communicated, had been consolidated with the existing part of the Group. The pro forma presented above shows the consolidated results of Bayn Group, Pändy Foods, Tweek, Koppers Candy Sweden, Amerpharma, Green Sales Distributions and Golden Athlete with consolidation from 2020-01-01 to 2020-12-31.
**Adjusted EBITDA; operating profit before interest, tax, depreciation and amortization of tangible and intangible fixed assets, adjusted for items deemed non-recurring and therefore not recurring for the operating activities.
***See the latest proforma published; https://news.cision.com/se/bayn-group-ab/r/bayn-group-fullfoljer-forvarvet-av-amerpharma,c3249589
For further information, please contact:
Simon Petrén, CEO, Bayn Group AB
Phone: +46 70 999 94 55
E-mail: simon.petren@bayngroup.com
This information is information that Bayn Group is obliged to make public pursuant to the EU Market Abuse Regulation 596/2014. The information in this press release was published through the agency of the contact person set out above, at the time stated by Bayn Group's news distributor Cision at the time of publication of this press release.
About Bayn
Bayn Group is a Swedish food-tech group, supplying cutting edge and healthy sugar reduction solutions for the food and beverage industry. Bayn's ingredient solutions, refined through scientific research and extensive market experience, facilitate new formulations and recipes that improve the taste and texture of the next generation of sugar- and calorie reduced products. For more information www.bayngroup.com
Bayn is listed on Nasdaq Stockholm, First North Growth Market, under the ticker BAYN
FNCA Sweden AB is Bayn's certified adviser. Tel: 08-528 00 399 E-mail: info@fnca.se
