Year End Report and Annual Report - 30th June 2019
The Year In Brief Year ended 30th June 2019 · Sales for the year SEK 22.5m (FY2018: SEK 35.3m) Decline of 36%. · EBITDA deficit of SEK 24m (FY2018: Surplus SEK 6.3m). · Cash balances SEK 15m (FY2018: SEK 47.3). · Salam Technology contract in Qatar finished in July 2018 (Value in FY2018 in the region of SEK 14M). · Salam Technology receivable remains outstanding and continues to be actively pursued. · Steady increase in underlying sales. · Appointment of new Chairman (July 2019). · Appointment of new CEO (September 2019). · Facility