Axolot Solutions Holding AB (publ) - Interim report January-September 2021

Axolot has during the third quarter delivered and installed its second AxoPur® water purification system.

Summary of the third quarter 2021

Financially

• Net sales amounted to 936 tSEK (621 tSEK for the corresponding quarter in 2020), whereof the main part refers to the sales of an AxoPur water purification system.
• Other revenues were 95 tSEK (-3), which relates to public research grants and project support.
• Earnings before interest and tax became -4 079 tSEK (-4 356).
• Net earnings per share amounted to -0,08 SEK (-0,16).
• Liquid funds were 15 767 tSEK at the end of the third quarter 2021.

Operationally

• As announced in the second quarter, Axolot sold an AxoPur water purification unit to a customer within the logistics sector in Finland. During the third quarter, the system has been delivered and installed. This will be the first AxoPur system to be used in a position where the purified water is recirculated.
• Three agreements were signed for trials and in-depth studies respectively, during quarter three. The customers are active within testing activities, recycling and the paper industry. One of these orders was the first on the Norwegian market.

Quarter 1-3 2021

• Net sales for the first nine months of 2021 were 1 948 tSEK (2 365 tSEK for the corresponding period in 2020), where the decrease is explained by reduced possibilities for customer activities as a consequence from the pandemic.
• Other revenues were 345 tSEK (454) and this comes mainly from public research grants and project support.
• Earnings before interest and tax became -13 478 tSEK (-15 902). Lower net sales were compensated by less costs for mainly personnel and consultants.

Key events during the third quarter 2021

• In September Axolot announced a role change in the management, to be effectuated on Oct 1. The current Board member Lennart Holm was appointed new President of Axolot, with Martin Ragnar taking on the role as vice President responsible for technology and development. The decision was a consequence of the board wanting to accelerate the commercialisation of Axolot’s products and offering, which will be the primary focus of the President.

Key events after the end of the third quarter 2021

There were no key events after the end of the third quarter 2021.

For further information, please contact:
Lennart Holm, President and CEO Axolot Solutions, tel: +46 70 630 85 62, mail: lennart.holm@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 October 29, 2021.

About Axolot Solutions

Axolot Solutions Holding AB is a Swedish environmental technology company, providing systems for industrial water purification. The company offers a holistic solution based upon a proprietary technology. Axolot's water purification concept is cost efficient and enables recirculation of the water. This leads to a reduced environmental footprint. Axolot Solutions also has business activities in Finland, through its affiliated company Axolot Solutions Finland Oy. 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.