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Crown Energy is an international group providing customised solutions for housing, offices and associated services, as well as oil and gas exploration in Africa and the Middle East.

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  • Crown Energy AB (publ)
    Brahegatan 30, 114 37 Stockholm
    +46 8 400 207 20
    http://www.crownenergy.se
  • Andreas Forssell

    CEO


    Brahegatan 30, 114 37 Stockholm
    +46 8 400 207 20
    +46 760 15 15 95
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    Crown Energy AB: Half Year Report, January-June 2023

    PRESS RELEASE 18/08/2023   Second QUARTER – April-June 2023        Revenue amounted to SEK 10,179 thousand (10,334).        Operating loss amounted to SEK -12,266 thousand (-7,467).        Net financial items amounted to SEK 114,669 thousand (79,786).        Unrealised changes in property values amounted to SEK -18,978 thousand (2,931).        Result before tax amounted to SEK 83,426 thousand (75,251) and result after tax amounted to SEK 69,839 thousand (59,948), corresponding to SEK 0,15 (0.13) per share. Reporting Period – jANUARY-June 2023        Revenue

    Announcement from Crown Energy’s Annual General Meeting

    The annual general meeting (“AGM”) of Crown Energy AB (publ) (“Crown Energy” or the “Company”) was held today on 1 June 2023 and the following resolutions were passed by the meeting. Adoption of the income statement and the balance sheet The AGM resolved to adopt the income statement and the balance sheet in the Company and the consolidated income statement and the consolidated balance sheet. Allocation of profit The AGM resolved that no dividend would be paid to the shareholders and that the previously accrued profits, including the share premium account and year result, in

    Three month report, January-March 2023

    FIRST QUARTER – JAnuary-March 2023        Revenue amounted to SEK 10,685 thousand (7,313).        Operating loss amounted to SEK -18,511 thousand (-7,682).        Net financial items amounted to SEK 13,718 thousand (-32,276).        Unrealised changes in property values amounted to SEK -7,990 thousand (13,536).        Result before tax amounted to SEK -12,784 thousand (-31,237) and result after tax amounted to SEK -14,054 thousand (-27,043), corresponding to SEK -0,03 (-0.06) per share.   KEY EVENTS during THE FIRST QUARTER        On January 10th, 2023 Crown

    Crown Energy AB prepares for list CHANGE to Nasdaq First North GROWTH MARKET, StockholmCrown Energy AB prepares for list CHANGE to Nasdaq First North GROWTH MARKET, Stockholm

    The Board of Directors of Crown Energy AB (publ) has decided to evaluate the conditions for listing the company's share on Nasdaq First North Growth Market, Stockholm. A list change is expected to take place during the second half of 2023.Crown Energy's share has been listed on NGM Main Regulated since 2011. Crown Energy has now initiated a transformation of the company's operations from oil and gas to sustainable operations such as MedTech. The company's Board of Directors and Management have now initiated the work required to prepare the company for a change of list to Nasdaq First North.

    Crown Energy AB postpones Three-month Report, January-March 2023

    Crown Energy AB (publ) will postpone the Three-month Report for 2023, a new date for the publication of the report will be 31 May 2023. Previously the publication of the Year-end Report was scheduled for 29 May 2023.     MORE INFORMATION Please contact Yoav Ben-Eli, CEO, Crown Energy AB +46 8 400 207 20 +46 76 312 9 793     ABOUT CROWN ENERGY Crown Energy is an international group with a history within customised solutions for housing, offices and associated services, as well as oil and gas exploration. The group is now dedicated to its transformation into the

    Interim results from study of AccYouRate and Siena Hospital on wearable solutions for children with Rett syndrome

    Earlier AccYouRate released the interim results of its latest study focusing on pediatric disability. The study, which was coordinated by the University Hospital of Siena Hospital, and led by Dr. Claudio De Felice, explored the use of AccYouRate's wearable devices and Red Cross Italia caring services for the monitoring of children with Rett syndrome.    The results demonstrated that wearables technology can provide reliable and easily interpretable data to help determine the effects of therapies and care at home, which can then provide information for appropriate remedies. Monitoring

    Crown Energy to withdraw from South African joint venture

    Crown Energy AB (publ) has held 10% equity of a joint venture for Block 2B offshore in South Africa for oil exploration.   In summer 2022, the Company announced that the rig was mobilised and on its way to the well site and drilling commenced in October. The drilling activities did not encounter hydrocarbons in any commercial quantities and in November it was announced that the well was to be plugged and abandoned as planned.   Crown Energy has therefore now according to the Joint Operating Agreement sent a withdrawal letter to the JV, meaning that the other owners will take

    Crown Energy AB (publ) publishes Annual Report 2022

    Crown Energy AB (publ)'s Annual Report for 2022 has been published today and is available on Crown Energy’s website www.crownenergy.se.    The English version of the Report is expected to be available on Crown Energy’s website by 5 May 2023.     MORE INFORMATION Yoav Ben Eli, CEO Crown Energy AB +46 763 12 97 93   ABOUT CROWN ENERGY Crown Energy is an international group providing customised solutions for housing, offices and associated services, as well as oil and gas exploration in Africa and the Middle East. For more information please visit www.

    Notice to the Annual General Meeting 2023 in Crown Energy AB (publ)

    The shareholders of Crown Energy AB (publ), reg. no. 556804-8598, (the “Company”) are hereby invited to the Annual General Meeting to be held on Thursday 1 June 2023 at 10:00 a.m. at the Company’s premises on Skeppargatan 27 in Stockholm, Sweden.   REGISTRATION AND NOTIFICATION Shareholders who wish to attend the general meeting must:   i. on the record day, which is Wednesday 24 May 2023, be registered in the share register maintained by Euroclear Sweden AB (“Euroclear”). Shareholders whose shares are registered in the name of a nominee must no later than on Wednesday 24

    Crown Energy AB (publ) postpones Annual Report 2022

    As a result of some technical issues encountered with the European Single Electronic Format report (“ESEF”), forming part of Annual Report package, Crown Energy was not able to publish the Annual Report 2022 on the announced date of 30th April.   The new date for publishing the Annual Report is 3 May 2022.     MORE INFORMATION Yoav Ben Eli, CEO Crown Energy AB +46 763 12 97 93   ABOUT CROWN ENERGY Crown Energy is an international group with a history within customised solutions for housing, offices and associated services, as well as oil and gas exploration. The

    To date payments of USD 99 millions are received for the sale of oil and gas assets. Instalment received last week of USD 8 million

    Crown wishes hereby to confirm receipt of the instalment of USD 8 million last week in accordance with the terms of our Sale and Purchase Agreement of October 2021. As per the Sale and Purchase Agreement for the disposal of the majority of its oil and gasassets from October 2021, Crown Energy has now received in total USD 99 millions. Another USD 81 million are due before the Agreement ends in October 2026. Crown will not be press releasing these payments going forward as they are being made by our Buyer consistently in accordance with the terms of our Agreement. However, we will

    AccYouRate takes next step with its ‘smart T-shirt’ technology

    Crown Energy majority owned company AccYouRate is now bringing into commercial production its groundbreaking smart T-shirt technology. This ‘smart T-shirt’ enables monitoring of the wearers´ bio-signals and transmission of those to the cloud, where a comprehensive biomedical database is hosted. The patented and certified system employs sophisticated proprietary online algorithms to detect anomalies which can prevent and assess potential health risks before they occur, and provide lifesaving medical alerts and actionable recommendations.BACKGROUND INFORMATION   In February 2023, Crown

    Crown Energy updates its Financial Calendar

    Crown Energy AB (publ) updates its financial calendar to allow for required reporting integrations related to the acquisition of SmarTee Sarl earlier this year.UPDATES TO THE FINANCIAL CALENDAR The new dates are:Annual Report 2022   April 30th 2023. Interim Report Q1 2023   May 29th 2023. Annual General Meeting 2023  June 1st 2023.   More information Contact person: Yoav Ben-Eli, CEO Crown Energy AB +46 76 312 9793   ABOUT CROWN ENERGY Crown Energy is an international group with a history within customised solutions for housing, offices and associated

    Crown Energy AB: Year-End Report January-December 2022

    Fourth QUARTER – OCTOBER-DECEMBER 2022        Revenue amounted to SEK 7,840 thousand (5,577).        Exploration and evaluation impairment amounted to SEK 176,787 thousand (900).        Operating loss amounted to SEK -184,341 thousand (-8,568).        Net financial items amounted to SEK 62,082 thousand (28,542).        Unrealised changes in property values amounted to SEK 3,670 thousand (13,536).        Result before tax amounted to SEK -118,589 thousand (33,511) and result after tax amounted to SEK -107,213 thousand (33,616), corresponding to SEK -0.22 (0.07) per

    Crown Energy AB Postpones Year-end Report 2022

    Crown Energy AB (publ) will postpone the Year-end Report for 2022, a new date for the publication of the report will be 28 February 2023. Previously the publication of the Year-end Report was scheduled for 25 February 2023.     More information     Yoav Ben-Eli, CEO Crown Energy AB +46 76 312 9793     ABOUT CROWN ENERGY Crown Energy is an international group providing customised solutions for housing, offices and associated services, as well as oil and gas exploration in Africa and the Middle East. For more information, please visit www.crownenergy.se

    Crown Energy (publ) acquires 85 percent of SmarTee S.à.r.l for a consideration of EUR 163 million – significant change of Crown Energy's business direction

    INSIDE INFORMATION: On 10 January 2023, Crown Energy AB (publ) ("Crown Energy" or the "Company") announced that the Company had entered into a letter of intent for the acquisition of a company group within the medtech sector. Crown Energy has today entered into a Sales and Purchase Agreement (the "SPA") for the acquisition of 85 percent of the shares in SmarTee S.à r.l. ("SmarTee"), a Luxembourg company which is the parent holding company of the Italian registered AccYouRate Group (the "Acquisition"). AccYouRate Group 

    Crown Energy AB (publ) has entered into a Letter of Intent to acquire 85% of a company group within the medtech sector

    INSIDE INFORMATION: Crown Energy AB (publ) ("Crown Energy" or the "Company") has today entered into a Letter of Intent (the "LOI") with a seller to acquire 85 percent of a company group within the medtech sector with operations mainly in Italy (the "Target Group"). Under the LOI, the Company has agreed to make an upfront payment amounting to EUR 16.3 million in cash to the seller within three business days following the execution of the LOI.   MAIN TERMS AND CONDITIONS OF THE LOI The LOI enables the Company to initiate a due diligence of the Target Group and gives the Company an

    Crown Energy AB: Correction for Interim Report January-September 2022

    Correction IN NinE-month Report January-September 2022 In the CEO statement of the Swedish version of the nine-month report 2022 and in the press release that was published on 29 November 22.00 CET, there was a typo in the sentence: ”Crown har en mycket positiv och stark kassaposition med cirka 870 miljoner USD i fritt kassaflöde, 150 miljoner USD i ränteinvesteringar och en säker inkomst på 16 miljoner USD per år i enlighet med vårt försäljnings- och köpeavtal från oktober 2021."   The correct text shall lead: ”Crown har en mycket positiv och stark kassaposition med cirka

    Interim Report January-September 2022

    THIRD QUARTER – JULY-SEPTEMBER  2022        Revenue amounted to SEK 14,361 thousand (4,626).        Operating loss amounted to SEK -1,487 thousand        (-6,787).        Net financial items amounted to SEK 53,964 thousand (-8,095).        Result before tax amounted to SEK 52,477 thousand (-43,684) and result after tax amounted to SEK 66,442 thousand(-38,832), corresponding to SEK 0.14 (-0.08) per share.           NINE MONTH PERIOD – january-SEPTEMBER  2022        Revenue amounted to SEK 33,280 thousand (15,188).        Operating loss amounted to SEK 16,

    Crown Energy AB: Operational Update and Correction for previous Q1 and Q2 reports from Crown Energy

    INSIDE INFORMATION: This is an update on the recent developments in Crown Energy’s operations. The update includes a significant correction for Q1 and Q2 report, where the financial costs for the group were reported 94 MSEK too high, due to revaluation of a non-monetary liability. Also, Crown Energy would like to inform that it will not pursue the negotiation of Manja Licence in Block 3108 in Madagascar, which will affect Crown Energy’s financial statements in Q4 2022.   CORRECTION FOR FINANCIAL REPORTS FOR Q1 AND Q2   Crown Energy has identified a mistake in Q1 and Q2 reports.

    Crown Energy Updates on Gazania-1 well, offshore South Africa

    INSIDE INFORMATION: Crown Energy AB, wishes to inform the market that the Gazania-1 well on Block 2B, offshore South Africa, which spudded on October 10, 2022, reached target depth of 2360m and encountered non-commercial hydrocarbons. The well will now be plugged and abandoned as originally planned.   The logging is on-going now and the JV partners will undertake a detailed analysis of the results. Additionally, the JV Partners submitted a Production Right application to the Petroleum Agency of South Africa (“PASA”) on November 15, 2022, for Block 2B, based on the existing oil

    Crown Energy AB Postpones Nine-month Report 2022

    Crown Energy AB (publ) will postpone the Nine-month Report for 2022, a new date for the publication of the report will be 29 November 2022. Previously the publication of the Nine-month Report was scheduled for 18 November 2022.     More information     Yoav Ben-Eli, CEO Crown Energy AB +46 76 312 9793     ABOUT CROWN ENERGY Crown Energy is an international group providing customised solutions for housing, offices and associated services, as well as oil and gas exploration in Africa and the Middle East. For more information, please visit www.crownenergy.se

    Energy confirms receipt of payment of USD 8 million

    INSIDE INFORMATION: Crown Energy AB ("Crown Energy" or the "Company") is happy to inform the market that the third instalment of USD 8 million has been credited to the Company’s account today, as per the signed agreement of 20/10/21.   On 20 October 2021 Crown Energy has entered into an agreement under which the purchaser has the right to acquire (or pre-empt any sale of) Crown Energy’s  up-stream oil and gas assets (except for operations in South Africa).   Crown Energy announces today that the third instalment of USD 8 million has been credited to Company’s account. This

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