Specification regarding expected results for 2024
Aqua Bio Technology ASA ('ABT' or 'the Company') announced on February 12, 2025, that the negative result for 2024 is primarily due to significant impairments of goodwill related to the bankruptcy of its subsidiary, Skinteam Norge AS, as well as operating losses in two of the Group's subsidiaries.
ABT emphasizes that the majority of the operating losses in two subsidiaries in 2024 are due to significant and extraordinary impairments.
- The impairments position the group better to deliver shareholder value in the future,' says Fredrik William Henriksen.
Disclosure regulation
This information is subject of the disclosure requirements pursuant to section of 5-12 of the Norwegian Securities Trading Act.
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About Aqua Bio Technology ASA
Aqua Bio Technology ASA (ABT) is a distribution group in skincare and nonfood. The group has distribution towards B2C, B2B, B2B2, and freight, customs, and logistics services. The group also develops sustainable biotechnology for use in skincare products. Aqua Bio Technology is listed on Euronext Expand.
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