Q1 2026 Vistin Pharma ASA Earnings Call Transcript
Key Points
- Vistin Pharma ASA (STU:VP4) reported a strong sales volume of 1,520 metric tons in Q1 2026, marking a 9% increase compared to the same quarter last year.
- The company maintained a gross margin of 63%, demonstrating good commercial execution despite currency effects.
- Vistin Pharma ASA has built a significant safety stock of critical raw materials, mitigating potential supply chain interruptions due to geopolitical conflicts.
- The company has a long-term renewable energy supply agreement ensuring predictable power prices and 100% green renewable hydropower until 2032.
- Vistin Pharma ASA is strategically positioned to benefit from the growing global demand for metformin, with a market share of approximately 10%.
- First quarter revenue decreased slightly to 112 million Norwegian kroner from 115 million in the same quarter last year.
- EBITDA decreased to 27 million Norwegian kroner from 30 million in Q1 2025, affected by currency fluctuations.
- The main distillation vessel has reached the end of its lifespan and will require replacement, leading to a planned four-week maintenance stop in Q4, impacting production and sales volume.
- Increased freight and raw material prices are expected due to geopolitical tensions, potentially affecting future profitability.
- The company faces challenges with volatile freight lead times and payment terms, particularly with Asian customers, impacting trade receivables.
Good day, and thank you for standing by. Welcome to the Vistin Pharma Quarterly Report Q1 2026 webcast and conference call. (Operator Instructions).
Alternatively, you may submit your questions via the webcast. Please be advised that today's conference is being recorded. I would now like to hand the conference over to your speaker today, Maltro Stolesol, CEO. Please go ahead.
Thank you.
Good morning, everyone, and welcome to this first quarter 2026 presentation of Vistin Pharma ASA.
My name is Magnus Tolleshaug, CEO of the company.
And with me today, I have our CFO, Mr. Alexander Carson.
I will now go through the highlights.
The first quarter revenue ended at 112 million Norwegian kroner compared to 115 million in the first quarter last year.
We had a strong sales volume of 1,520 metric tons in the quarter, up 9%.
Compared to last year, offset by stronger Norwegian kroner versus euro and somewhat lower global metal mint
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