Clean Industry Solutions Holding Europe AB: Quarterly Report April-June 2022
Q2 from 01.04.2022 to 30.06.2022 (01.04.2021 to 30.06.2021), 01-06 from 01.01.2022 to 30.06.2022 (01.01.2021 to 30.06.2021), FY from 01.01.2021 to 31.12.2021
The report can be found here: https://cleanindustrysolutions.com/en/investor-relations/financial-reports/
| CISH AB Group RESULTS IN BRIEF | in TSEK |
2022 Q2 |
2021 Q2 |
Diff. in % | 2022 01-06 |
2021 01-06 |
Diff. in % | 2021 FY |
||||||
| Sales | 3,283 | 256 | +1.182.6 | 3,718 | 381 | +876.0 | 2,180 | ||||||
| Increase in finished goods, inventories and wip | -1,686 | 0 | - | -1,692 | 0 | - | 1,163 | ||||||
| Other own work capitalized | 0 | 0 | - | 0 | 0 | - | 0 | ||||||
| Income | 1,597 | 256 | +524.0 | 2,026 | 381 | +431.9 | 3,344 | ||||||
| Other operating income | 2,484 | 1,692 | +46.8 | 4,347 | 3,129 | +38.9 | 7,220 | ||||||
| Operating Income | 4,081 | 1,948 | +109.5 | 6,374 | 3,510 | +81.6 | 10,564 | ||||||
| Cost of Sales | -1,331 | -342 | +289.8 | -2,129 | -633 | +236.4 | -1,716 | ||||||
| Personnel Costs | -4,831 | -3,680 | +31.3 | -9,369 | -7,412 | +26.4 | -15,547 | ||||||
| Other external expenses | -1,486 | -1,557 | -4.5 | -3,023 | -2,653 | +13.9 | -6,438 | ||||||
| Other operating expenses | -1 | -45 | -98.4 | -11 | -49 | -77.8 | -75 | ||||||
| Depreciation | -234 | -210 | +11.5 | -459 | -413 | +11.1 | -848 | ||||||
| Operating Costs | -7,884 | -5,833 | +35.1 | -14,990 | -11,160 | +34.3 | -24,624 | ||||||
| Operating result (EBIT) | -3,802 | -3,885 | +2.1 | -8,617 | -7,650 | -12.6 | -14,060 | ||||||
| Financial result | -9 | 12 | - | -12 | 4 | - | -84 | ||||||
| Profit (+) / loss (-) after financial items | -3,811 | -3,873 | +1.6 | -8,629 | -7,646 | -12.8 | -14,144 | ||||||
| Taxes | 0 | 0 | - | 889 | -1 | - | -1 | ||||||
| Profit (+) / loss (-) after taxes | -3,811 | -3,873 | +1.6 | -7,740 | -7,647 | -1.2 | -14,145 | ||||||
| Number of Shares | 15,313,792 | 12,188,792 | +25.6 | 15,313,792 | 12,188,792 | +25.6 | 15,313,792 | ||||||
| Result per share amounted (in SEK) | -0.2489 | -0.3177 | +21.7 | -0.5054 | -0.6274 | +19.4 | -0,9237 | ||||||
| Number of Shares after dilution | 15,313,792 | 12,188,792 | +25.6 | 15,313,792 | 12,188,792 | +25.6 | 15,313,792 | ||||||
| Result per share amounted (in SEK) | -0.2489 | -0.3177 | +21.7 | -0.5054 | -0.6274 | +19.4 | -0,9237 | ||||||
| Average Number of outstanding Shares | 15,313,792 | 12,188,792 | +25.6 | 15,313,792 | 9,892,644 | +54.8 | 13,751,292 | ||||||
| Result per share amounted (in SEK) | -0.2489 | -0.3177 | +21.7 | -0.5054 | -0.7730 | +34.6 | -1,0286 | ||||||
| Cash available end of period | 6,615 | 12,183 | -45.7 | 6,615 | 12,183 | -45.7 | 12,183 | ||||||
| CISH AB Group RESULTS IN BRIEF | in TSEK |
2022 Q2 |
2021 Q2 |
Diff. in % | 2022 | 2021 | Diff. in % | 2021 FY |
||||||
| Operating Income | 4,081 | 1,948 | +109.5 | 6,374 | 3,510 | +81.6 | 10,564 | ||||||
| Operating Costs | -7,884 | -5,833 | +35.1 | -14,990 | -11,160 | +34.3 | -24,624 | ||||||
| Profit (+) / loss (-) after taxes | -3,811 | -3,873 | +1.6 | -7,740 | -7,647 | -1.2 | -14,145 | ||||||
Significant events during the reporting period
- Industrial Solar Completes Commissioning of a Micro-CSP System in Qatar
- Industrial Solar GmbH Awarded a Contract to Install Photovoltaic System with approx. 100 kWp
- Clean Industry Solutions Holding Europe AB Presents New Website
Significant events after the reporting period
- Industrial Solar Awarded €310K for Artificial Intelligence Project for Solar Energy Systems
- Industrial Solar Gives Advanced Training on Linear Fresnel Collector
- Industrial Solar to Reduce Carbon Footprint in Fashion Industry
- Recently Funded Artificial Intelligence Project Gets Official Recognition by German Federal Ministry
- Industrial Solar and badenovaWÄRMEPLUS Cooperate to Accelerate Energy Transition
- SolarSpring Receives Grant Award for EU Funded Project to Implement Membrane Distillation in Industrial Processes
- Industrial Solar Signs Contract for Trainings on Industrial Energy Efficiency
- Industrial Solar Receives Order for Photovoltaic Fence at Hydro Extrusion Offenburg GmbH
- SolarSpring receives a second EU grant award for testing and implementation of surface modified membrane materials in industrial wastewater treatment
Comments from the CEO Christian Zahler
The first quarter of the year was marked by Russia’s war on Ukraine and the immediate global response to the conditions that the conflict had created. The second quarter of the year reveals more concrete and confident steps in a global shift in energy transition goals to secure more energy independence and stability in the foreseeable aftermath of the war.
Renewable energies and how we can implement them into all aspects of life are increasingly pressing issues. Thus, political and institutional frameworks to most efficiently utilize renewable energy sources, like photovoltaics and solar thermal energy, are being implemented faster than estimated.
For instance, the International Energy Agency has recently published a report about the global supply chains of PV. The report examines supply, demand, production, energy consumption, emissions, employment, production costs, investment, trade, and financial performance. It also highlights the main vulnerabilities and risks at each stage. It points out diversification of the supply chain as a crucial complementary measure to ensure stability.
The solar thermal advocates have also been working hard and published a Solar Thermal Roadmap for Europe to show that the faster deployment of heating and cooling solutions can “provide extraordinary socio-economic benefits” to Europe as soon as 2030.
Despite various challenges in the international arena, it is apparent that CISH AB’s subsidiaries are on the right side of the energy transition journey with well-proven solutions and international experience in the relevant fields. This development is also reflected in the 432% year-on-year increase in our revenue in the first half of 2022.
This disclosure contains information that Clean Industry Solutions Holding Europe is obliged to make public pursuant to the EU Market Abuse Regulation (EU nr 596/2014). The information was submitted for publication, through the agency of the contact person, on 17-08-2022 08:45 CET.
Contact information:
Clean Industry Solutions Holding Europe AB
c/o Win-Win Ekonomi AB
Palmfeltsvägen 21
SE-121 62 Johanneshov/Sweden
E-Mail: info@cleanindustrysolutions.com
Amudova AB is Clean Industry Solutions’ certified adviser. Phone +46 8 546 017 58
E-mail: info@amudova.se
Clean Industry Solutions Holding Europe AB holds 100% of Industrial Solar GmbH and 100% of SolarSpring GmbH - both located in Freiburg/Germany.
Industrial Solar GmbH is an international leading technology and solution provider, which develops projects mainly based on its innovative Fresnel collector technology suitable for fulfilling an expected growing market of solar process heat. As a one-stop-shop Industrial Solar offers turnkey solutions for customers in several industries.
Find out more about Industrial Solar GmbH at the following address:
https://www.industrial-solar.de/en/
Founded in 2009 as a spin-off of the Fraunhofer ISE, SolarSpring GmbH - membrane solutions, has evolved into an international pioneer in the field of membrane distillation offering innovative waste- and drinking water treatment technology.
Find out more about SolarSpring GmbH at the following address:
https://solarspring.de/en/