High on 2021 gains, Holista Colltech (ASX:HCT) outlines positive 2022 outlook 

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  • Holista Colltech is going strong in the current fiscal year 2022 following a year of achievements.
  • Revenue grew 13% to record AU$8 million, while net loss before tax narrowed significantly in FY21.
  • Sales receipts touched all-time high in the March 2022 quarter with significant growth across divisions.
  • New products, global partnerships and other growth factors are expected to fuel a stronger 2022.

Holista Colltech Limited (ASX:HCT) is an emerging Australian developer of health and wellness products in the US$4.4 trillion global health and wellness industry.

The year 2021 marked a strong rebound for the company with remarkable growth across its business divisions. The strong performance paved the company’s way to a stronger 2022 with great prospects of significant developments in its product portfolio and business expansion worldwide.

  • Dietary Supplements Division- Markets and sells 37 different propriety supplements and owns leading vitamin brands in Malaysia
  • Healthy Food Ingredients Division – Offers clean-label low GI premix called GI LiteTM for healthy breads, noodles and pasta, as well as healthy sugar alternative 80LessTM
  • Infection Control Division – Offers a range of natural and alcohol-free sanitising solutions that have been effective against viruses, including COVID-19
  • Ovine Collagen Division – Only company producing Australian-made sheep collagen that is extracted using a patented process.

2021 – A Year of Achievements

Holista ended the fiscal year 2021 with double-digit growth in three out of four of the divisions. The company’s revenue for FY21 touched record value of AU$8 million, 13% higher than the COVID-19 impacted FY20.

There was strong growth across business units – 18% in Dietary Supplements, 33% in Healthy Food Ingredients and 43% in Olive Collagen. Also, Holista’s newest division of Infection Control saw strong demand for sanitising solutions. 

The solid growth can be attributed to great initiatives and developments at various levels. Have a look! 

Source: Company announcement

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Holista set for a magnificent leap up in 2022

Holista has set the ball rolling for the fiscal year 2022 with a sharp jump in the first quarter of 2022.

The firm posted high quarterly sales receipts worth AU$2.4 million, representing 34% growth on prior comparable period (pcp). The total sales of the company including all the four divisions went up to AU$2.7 million, 42% higher on pcp.

Several growth drivers including new product launches and partnerships are expected to accelerate the ASX-listed company’s growth momentum in 2022.

Furthermore, rising demand for most of Holista’s products in the global market would contribute to its uprearing performance by a great deal in the coming quarters. On this front, the company has been investing heavily in building inventory of raw materials.

Stock information: HCT shares traded at AU$0.031 on 2 June 2022, with market capitalisation of AU$8.53 million.

ALSO READ: Holista’s all-natural disinfectant kills 99.99% of human coronavirus strain, confirms test



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