The updated financial targets are anticipated to be achieved following a capacity- and competence-building within Bactiguard’s licensing business and with the assumption that the license business and partnerships evolve accordingly. The transformation of Bactiguard will impact the income statement over the coming nine months, but profitability is expected to be achieved during 2024.

Bactiguard’s long-term financial targets are to achieve:

Growth
Net sales in excess of SEK 1,000 million.

Profitability
EBITDA of SEK 500 million.

Other
10 application areas in license partnership with products in the market