25.8.2023 07:30:01 CEST | Canopy Holdings AS | Annual financial and audit reports
(Oslo, 25 August 2023) The Board of Directors of Canopy Holdings AS (the “Company”) has approved the Annual Report for the financial year ending 30 April 2023. The Annual Report is attached together with the Audit statement.
(Oslo, 25 August 2023) The Board of Directors of Canopy Holdings AS (the “Company”) has approved the Annual Report for the financial year ending 30 April 2023. The Annual Report is attached together with the Audit statement.
The Annual Report shows for the financial year ending 30 April 2023, the Company reported revenues of NOK 82 million and a negative EBITDA of NOK 50 million. The Company remains committed to a strategic plan towards operational profitability with cost rationalization initiatives delivering a reduction of over NOK 20 million on an annualized basis during the financial year.
As per 30 April 2023, the company had a cash position of NOK 9 million. In May 2023, and following the end of the financial year, the company completed a directed equity issue and a subsequent offering which combined increased the Company’s cash position by approx. NOK 40 million.
The Company has changed reporting currency from NOK to USD, effective 1 May 2023, in order to limit exposure to foreign exchange fluctuations in the financial reporting.
Disclosure regulation
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
Contacts
James Price, CFO, james@canopyholdingsas.com
About Canopy Holdings AS
Canopy Holdings AS is a multi-national technology company listed on Euronext Growth Oslo. The company owns a leading portfolio of brands and companies that provides digitalization solutions to ski resorts, destinations, parks and attractions in key markets. Canopy Holdings AS currently consists of Catalate, Liftopia.com, Skitude and Spotlio.
Attachments
Canopy Holdings Signed audit opinion.pdf
Financial statement Canopy Holdings Group 30_04_2023.pdf
