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Camanio Care publishes interim report January - June 2018

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The complete interim report is available as a pdf-file on our website www.camanio.com and is also attached to this press message.

2018-08-24 Pressmessage Camanio Care Interimreport Jan-June 20182018-08-24 Pressmessage Camanio Care Interimreport Jan-June 2018

Summary

Figures in parentheses refer to the corresponding period during the previous year, unless otherwise is stated.  

1 APRIL – 30 JUNE 2018

  •  Total revenue for the period amounted to kSEK 2,739 (kSEK 2,344)             
  •  Net sales for the period amounted to kSEK 1,204 (kSEK 2,316)
  •  Operating profit/loss was kSEK -4,562 (kSEK -4,008)
  •  Profit/loss after financial items was kSEK -4,762 (kSEK -4,029)
  •  Earnings per share amounted to -0.28 kr (SEK -0.33)
  •  Equity in the Group as at 30 June amounted to kSEK 8,106 (31 Dec 2017; kSEK 15,769)
  •  Likvida medel i koncernen per 30 juni uppgick till kSEK 1,094 (31 Dec 2017; kSEK 5,093). Liquidity amounted to 32% (31 Dec 2017; 99 %)
  •  The equity/assets ratio was 40% (31 Dec 2017; 61%)
  •  The number of shares at the end of the period was 16,674 539 (31 Dec 2017; 15,565,451)

1 JANUARY – 30 JUNE 2018

  •  Total revenue for first half-year of 2018 amounted to kSEK 5,216 (kSEK 4,102)                       
  •  Net sales for first half-year of 2018 amounted to kSEK 3,135 (kSEK 3,985)
  •  Operating profit/loss was kSEK -8,308 (kSEK -8,014)
  •  Profit after financial items amounted to kSEK -8,596 (kSEK -8,063)
  •  Earnings per share amounted to SEK -0.51 (SEK -0.72)

Significant events during the second quarter

  •  4 April | Camanio Care and BikeAround acclaimed in American and Canadian media
  •  9 April | Camanio Care participates in research project for robots in elderly care
  •  10 April | Camanio Care participates during Aktiespararnas Kvinnokväll (Swedish Shareholders’ Association’s event for women investors).
  •  18 April | Increase in the number of shares in Camanio Care AB (publ)
  •  18 April | Bestic patent granted in China
  •  20 April | Camanio Care awarded the Rising Star Award 2018
  •  23 April | Camanio Care elects a new board member
  •  18 May | Increase of number of shares in Camanio Care AB (publ)
  • 21 May | Camanio Care signs an agreement with Vital Integration
  • 30 May | Camanio Care granted trademark for Bestic® in China
  • 12 June | Increase of number of shares in Camanio Care AB (publ)

Significant events after the end of the period

  •  Camanio Care signs agreement with OneCo AS to promote further Nordic collaboration
    •  Camanio Care signs an agreement with a new distributor for Bestic in Hong Kong
    •  Camanio Care acquires Vital Integration
    •  Themtech Company Ltd becomes a new distributor for Camanio Care in Thailand
    •  Repayment of convertibles
    •  Camanio Care expands to Dubai in the United Arab Emirates
    •  Camanio Care is granted a patent for Bestic in USA
    •  Camanio Care signs a collaboration agreement with Spring Hills Senior Communities in Florida, USA
    •  Camanio Care takes a short-term loan to finance, among other things, repayment of convertibles.

A Word from the CEO

 

It is clear that Camanio is entering a new phase. Care technology is high on the agenda for those working within municipalities and county councils, and during our visit in Almedalen we saw mutual understanding about the fact that technology is finally here.

The acquisition of Vital Integration means that Camanio has started to build a strong digital platform for home care as well as for nursing homes. We are very happy and proud over our new coworkers who have built such a fantastic solution, and who with their unique knowledge will be able to offer high quality services within digital care.

How will society be able to make a digital transformation without a digitalized infrastructure and internet access?

During our product installations (in several different countries), we have been repeatedly surprised over the lack of internet access; both when it comes to Wi-Fi as well as fixed internet cables. How is it that our elderly don’t have internet access when basically all schools, cafés, and public spaces offer free Wi-Fi-passwords to all visitors? What is more, a municipality cannot build their healthcare services on just any internet subscription signed by a private individual. How can the public ensure guaranteed healthcare quality if the municipality cannot even control their own security, connectivity and reliability?

The reasons for the lack of decent internet connectivity are plenty. Through the services that Vital Integration offer, we can now ”bring our own internet and secure infrastructure”. This makes a big difference, both for us and our customers. We offer internet, but not just any internet, but a secure, redundant internet that can provide and communicate important alarms and signals from care technology in the home through several different alternative routes. Not too bad!

On top of a secure infrastructure there is an open integration platform where the care, the users or the relatives can connect to a wide range of services and products from different providers. Everything is easily managed through a portal. Super sophisticated!

Currently in Sweden, it has become common for the municipalities to transition from using an analogue security alarm system to using a digital alarm system. Although this has been a requirement from SKL (Swedish Municipalities and County Councils) since 2015, this is still a large step for a municipality to take. On the other hand, the step from using a digital security alarm to start using a digital care platform in the home is small. From this step, one can imagine how the digital care palette of the future opens itself up as an ecosystem of individually customized solutions.

With Vital’s solutions as a platform, Camanio Care can take an even stronger position on the digital care market in the home!

Catharina Borgenstierna, CEO Camanio Care 

For further information, please contact:
Catharina Borgenstierna, CEO
Telephone: +46 733-93 00 07
E-mail: catharina.borgenstierna@camanio.com 

About Camanio Care
Camanio Care is a care tech company that develops innovative solutions for an excellent care at home with the individual in focus. Camanio Care offers digital service platforms for digital care, robotics, assistive devices and gamification, with products such as VITAL, BikeAround TM, Bestic® and Giraff TM. Through three focus areas; Activation, Mealtime and Digital Care, Camanio Care wishes to support people’s basic needs and increase accessibility and quality within health care. Camanio Care has its headquarters in Stockholm, a US subsidiary, Camanio Care Inc., as well as distributors in Asia, The Middle East, Hong Kong, Australia and in ten European countries.

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This information is information that Camanio Care is obliged to make public pursuant to the EU Market Abuse Regulation and the Securities Markets Act. The information was submitted for publication, through the agency of the contact persons set out above, on 24 August 2018.  

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