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STOCKHOLM, Dec. 17, 2020 /PRNewswire/ As previously communicated, the newly established health & wellness business is progressing well. We have secured multiple sub-distribution agreements and retail listings for both Airpop and AVO+ and Airpop is furthermore selling well on its direct to consumer website and across our seller managed online marketplaces. The enterprise channel has also responded favorably to the Airpop face masks, which do provide more comfort and protection for extended wear in the workplace.
The PPE bulk business has furthermore enjoyed solid wins and we have recently been awarded a long-term arrangement with major international agencies where deliveries have commenced now in the fourth quarter and will extend well into 2021. These orders have a longer cash conversion cycle, primarily due to the fact this market is in a supply deficiency and suppliers offer no or limited payment terms.