Axolot Solutions Holding AB Interim report January 1 - June 30, 2019

START-UP OF BUSINESS WITH IMPORTANT PLAYERS

The second quarter 2019 at a glance

• Net sales amounted to 607 tsek (276 tsek for the corresponding quarter in 2018)
• Other revenues, referring to subsidies from a Finnish state agency, were 107 tsek (0)
• Earnings before interest and tax became -7 604 tsek (-4 197), including provision for severance pay -1 030 tsek
• Net earnings per share amounted to -0,29 sek (-2,20)
• Delivery and start-up of recently completed mobile pilot equipment for important players within pisciculture, decontamination, agriculture and the forest & pulp industry
• The Board of Directors elected Marie Landfors as new CEO of Axolot Solutions, as the company is now entering a more intense commercial phase

January-June 2019 in summary

• Net sales amounted to 776 tsek (276 tsek for the corresponding period in 2018)
• Earnings before interest and tax became -13 273 tsek (-7 620), including provision for severance pay -1 030 tsek
• Net earnings per share amounted to -0,50 sek (-4,02)
  

Important events during the second quarter 2019

• The Annual General Meeting authorizes the Board of Directors to make an issue of shares and a directed issue of warrants, according to the proposal made by the Board of Directors before the Annual General Meeting
• Axolot Solutions receives an order for delivery of AxoPur® equipment to an alimentary producer in Finland
• Marie Landfors is elected as new CEO of Axolot Solutions
• Axolot Solutions receives an order from Fortum regarding a long term evaluation of AxoPur®, in a project for decontamination of heavily polluted soil
• Axolot Solutions installs equipment for water purification and initiates a project with KCL – a cooperation body for the Finnish forest industry

Important events after the end of the second quarter 2019

• Management and other key employees within Axolot Solutions have during the month of July signed up for totally         722 925 warrants, related to the incentive program decided by the Annual General Meeting in May 2019
  

For further information please contact:
Marie Landfors, CEO Axolot Solutions, tel: +46 72 198 76 50, marie.landfors@axolotsolutions.com

Anita Haak, CFO Axolot Solutions, tel: +46 70 817 11 12, anita.haak@axolotsolutions.com

This information is such 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 August 23, 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, 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.