Kollect on Demand Holding AB (publ) issues a trading update for March 2022
Today on April 19, 2022, Kollect on Demand Holding AB (publ) (“Kollect” or the “Company”) issues a trading update for March 2022.
Following the disposal of the bin collection business on 4 March 2022, Kollect increases total revenue from continuing operations by 22% year-on-year with all verticals reporting year-on-year growth.
Key Figures
Mar-22 | Mar-21 | Variance | Feb-22 | Variance | |
| Revenue from continuing operations | SEK 5.0M | SEK 4.1M | 22% | SEK 4.2M | 20% |
| Total Gross Margin | 30% | 30% | 0% | 29% | +1% |
Recurring Revenue Activities
Recurring revenues in March 2022 were 35% higher than comparable recurring revenues for March 2021.
Non-Recurring Revenue Activities
Non-recurring revenues grew by approximately 11% compared to March 2021 revenues (when there was particularly strong trading due households in lockdown generating more domestic waste). Non-recurring revenues were up 38%, however, on February 2022.
Gross Margin
The Company achieved a gross margin of 30% at a consolidated level in the month. This was 1 percentage point higher than the prior month as a result of the revenue mix.
Please click on the attached PDF to read the full report.