Kollect on Demand Holding AB (publ) issues a trading update for February 2022
Today on March 16, 2022, Kollect on Demand Holding AB (publ) (“Kollect” or the “Company”) issues a trading update for February 2022.
Kollect increases total revenue by 51% year-on-year.
| Feb-22 | Feb-21 | Variance | Jan-22 | Variance | |
| Total Revenue | SEK 5.6m | SEK 3.7m | 51% | SEK 5.7m | -1% |
| Total Gross Margin | 36% | 42% | -6% | 37% | -1% |
| Revenue from continuing operations | SEK 4.2m | SEK 2.6m | 60% | SEK4.2m | -2% |
Recurring Revenue Activities
Recurring revenues in February 2022 were 48% higher than recurring revenues for January 2021.
Non-Recurring Revenue Activities
Non-recurring revenues grew by approximately 58% compared to January 2021 revenues.
Gross Margin
The Company achieved a gross margin of 36% at a consolidated level in the month. This was 1 percentage point lower than the prior month as a result of the revenue mix.
Please click on the attached PDF to read the full report.