INCREASED FOCUS ON MARITIME AND ON ENSURED PROFITABILITY
During the quarter,
APRIL - JUNE
- Order intake amounted to
SEK 0.0 million (40.9) -
Net sales amounted to
SEK 8.5 million (15.6) -
Operating profit/loss amounted to
SEK -44.7 million (-36.4) -
Operating profit/loss was affected by non-recurring items of
SEK -6.0 million regarding provisions for loss contracts based on the in-depth experience gained in geothermal energy. Adjusted from this, operating profit/loss amounted toSEK -38.7 million -
Profit/loss after financial items amounted to SEK
SEK -48.4 million (-36.6) -
Earnings per share, before and after dilution, amounted to
SEK -0.89 (-0.74) -
Cash flow from operating activities after changes in working capital amounted to
SEK -19.2 million (15.0) Climeon has commissioned six modules onVirgin Voyages' ship Valiant Lady. In addition, DNV (Det Norske Veritas ) has approved the two remaining modules for Havila Voyages' cruise shipsClimeon has commissioned four moreHeat Power modules in the power plant in Flúðir, thereby doubling the power plant's capacityClimeon has entered into an agreement with Höganäs AB and HöganäsEnergi for a pilot installation of the next generationHeat Power
JANUARY - JUNE
Order intake amounted to
SEK 0.0 million (40.9)- Net sales amounted to
SEK 24.1 million (29.7) -
Order backlog amounted to
SEK 647.9 million (728.5) -
Operating profit amounted to
SEK -83.3 million (-68.6) -
Operating profit/loss was affected by non-recurring items of
SEK -6.0 million regarding provisions for loss contracts based on the in-depth experience gained in geothermal energy. Adjusted from this, operating profit/loss amounted toSEK -77.3 million -
Profit/loss after financial items amounted to
SEK -35.7 million (-68.1) -
Earnings per share, before and after dilution, amounted to
SEK -0.66 (-1.38) -
Cash flow from operating activities after changes in working capital amounted to
SEK -77.1 million (-18.0) -
Total cash and cash equivalents amounted to
SEK 198.1 million (299.2)
IMPORTANT POST-CLOSING EVENTS
INCREASED FOCUS ON MARITIME AND ON ENSURED PROFITABILITY
CEO comments
The second quarter has passed and
At the same time, during the quarter we thoroughly analyzed what is needed, commercially and technically, to ensure
So far,
Today we see a growing demand and more and more opportunities in maritime and will therefore increase our investments in that area. Demand for systems that reduce environmental impact is strong and the existing fleet of our potential customers is very large, while continuing to grow. Our assessment is that we have an offer and a technology that is more viable for this market. Another advantage is that maritime and industry, both technically and in terms of requirements, have more in common with each other than with geothermal energy, which facilitates our development work. The conclusion is therefore simple - we will in future have an increased focus on maritime. It will be an important means of achieving the profitability we strive for.
It is obvious that our technical solutions should be at the forefront, both in terms of price and performance. The next generation
Over the past year, we have worked in various ways to streamline our organization and reduce costs. We are now intensifying our work through a new efficiency program with the goal of significantly reducing the cost base and ensuring
As this is my last CEO letter, I would like to thank both employees and customers. I would also like to welcome
For full report, please see attached file below.
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