Back

SaltX Technology Holding AB (publ): Interim report Q2 2017

ViewReleaseInStandardHtml

KEY FIGURES Q2 2017 (Group, TSEK)

  • Operating revenue                      
    4 957
  • Profit/loss after financial items      
    -5 951
  • Equity                          
    170 158
  • Cash flow for the period   
    -3 409
  • Equity/debt ratio               
    78%

FINANCIAL FACTS

Second quarter

  • Operating income increased by 9 percent to MSEK 5.0 (4.6)
  • Operating result (EBIT) amounted to MSEK -6.0 (-5.6)
  • Cash flow from operating activities amounted to MSEK -3.4 (-4.3)
  • New share issue completed contributing the Company approximately MSEK 93 (after issue expenses)

Half year January - June

  • Operating income increased to MSEK 10.0 (9.5)
  • Operating result (EBIT) amounted to MSEK -11.9 (-8.3)
  • Cash flow from operating activities amounted to MSEK -9.3 (-8.7)

SIGNIFICANT EVENTS

Second quarter

  • Key patent in China granted
  • Agreement for EnerStore project with the Norwegian Östfold Energy secured
  • US order for gas-powered heat pumps obtained worth MSEK 4.5
    –Agreement for field trials with NEEA and Rheem
  • Pilot project with Vattenfall, Göteborg Energi and Öresundskraft for large-scale energy storage concept
  • SaltX and Aalborg CSP to develop integrated energy storage solution for the global solar power market

After the end of the quarter

  • SaltX Technology winner of Serendipity Challenge 2017
  • SaltX partners with Impacts Solar in Australia to develop storage for Concentrated Solar Thermal power

Stockholm, August 25, 2017

Board & CEO

For further information, please contact:
Karl Bohman, CEO SaltX Technology: Tel: 070 560 02 68
Harald Bauer, CFO SaltX Technology: Tel: 070 810 80 34

SaltX Technology is obliged to disclose this information under the EU Market Abuse Regulation. The information was provided by the contact person listed above, for publication on 25 August 2017 at. 08.00 CET.

About SaltX Technology

SaltX Technology develops and markets a patented energy storage technology marketed under the brand SaltX ™. Customers consist mainly of major global OEM players such as Alfa Laval, Mobile Climate Control and Rheem. SaltX Technology's act is listed on Nasdaq Stockholm First North. FNCA Sweden AB is SaltX Technology's certified adviser. For more information visit www.saltxtechnology.com.



wkr0006.pdf

SaltX Q2 2017.pdf