Axolot Solutions Holding AB - Interim report January 1 - September 30, 2019
AN AUTOMATED SYSTEM SOLUTION IS INTRODUCED ON THE MARKET
The third quarter 2019 at a glance
- Net sales amounted to 485 tsek (673 tsek for the corresponding quarter in 2018)
- Other revenues (excl. activated development costs) were 3 tsek (105)
- Earnings before interest and tax became -5 506 tsek (-3 686)
- Net earnings per share amounted to -0,21 sek (-0,22)
- Very good test results in trial runs that have been effectuated during the period
- The first Norwegian customer, a test run for a groundwood pulp manufacturer. Axolot now has ongoing customer activities in Sweden, Finland, Denmark, Norway as well as the UK
- A warrant incentive program for Axolot employees was successfully implemented
The accumulated period January-September 2019
- Net sales amounted to 1 261 tsek (949)
- Other revenues (excl. activated development costs) were 110 tsek (105)
- Earnings before interest and tax were -18 779 tsek (-11 306)
- Net earnings per share amounted to -0,71 sek (-1,74)
Important events during the third quarter 2019
- Axolot signs trial agreement with a major producer of packaging paper
- Axolot signs trial agreement with a groundwood pulp manufacturer in Norway
- Axolot employees subscribe for warrants in incentive program
Important events after the end of the third quarter 2019
- Axolot has signed another trial agreement with Vafors Pulp A/S
- Axolot has informed about the Annual General Meeting 2020 and about appointed members to the Nomination committee
For further information, please contact:
Marie Landfors, President and CEO Axolot Solutions, tel: +46 72 198 76 50, mail: marie.landfors@axolotsolutions.com
Anita Haak, CFO Axolot Solutions, tel: +46 70 817 11 12, mail: anita.haak@axolotsolutions.com
This information is information that Axolot Solutions Holding AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 08:00 CET on November 13, 2019.
About Axolot Solutions
Axolot Solutions is a Swedish environmental technology company, providing systems for industrial water purification. The company offers a holistic solution based upon a proprietary technology within electro-coagulation and flotation. Axolot's water purification concept is cost efficient and enables recirculation of the water. This leads to a reduced environmental footprint.
More information about the Company and its business activities can be found at www.axolotsolutions.com.
Axolot Solutions Holding AB is based in Helsingborg, Sweden, and its shares (ticker: Axolot) are listed at Nasdaq First North Growth Market, Stockholm, since November 21, 2018. FNCA Sweden AB is the Certified Adviser of Axolot Solutions. FNCA Sweden AB can be reached at info@fnca.se and on tel +46 8 528 003 99.