Clean Industry Solutions Holding Europe AB: Quarterly Report January-March 2022
1st Quarter from 01.01.2022 to 31.03.2022 (01.01.2021 to 31.03.2021), FY 2021: 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 Q1 |
2021 Q1 |
Diff. in % | 2021 FY |
||||
| Sales | 415 | 127 | +226.7 | 2,180 | ||||
| Increase in finished goods, inventories and wip | 0 | 0 | - | 1,163 | ||||
| Other own work capitalized | 0 | 0 | - | 0 | ||||
| Income | 415 | 127 | +226.7 | 3,344 | ||||
| Other operating income | 1,845 | 1,461 | +26.2 | 7,220 | ||||
| Operating Income | 2,260 | 1,589 | +42.3 | 10,564 | ||||
| Cost of Sales | -784 | -296 | +165.0 | -1,565 | ||||
| Personnel Costs | -4,461 | -3,771 | +18.3 | -15,547 | ||||
| Other external expenses | -1,524 | -1,107 | +37.6 | -6,589 | ||||
| Other operating expenses | -10 | -4 | +129.7 | -75 | ||||
| Depreciation | -222 | -205 | +8.4 | -848 | ||||
| Operating Costs | -7,001 | -5,383 | +30.1 | -24,624 | ||||
| Operating result (EBIT) | -4,741 | -3,794 | -24.9 | -14,060 | ||||
| Financial result | -3 | -9 | +71.9 | -84 | ||||
| Profit (+) / loss (-) after financial items | -4,743 | -3,803 | -24.7 | -14,144 | ||||
| Taxes | 889 | -1 | - | -1 | ||||
| Profit (+) / loss (-) after taxes | -3,855 | -3,804 | -1.3 | -14,145 | ||||
| Number of Shares | 15,313,792 | 12,188,792 | +25.6 | 15,313,792 | ||||
| Result per share amounted (in SEK) | -0.2517 | -0.3121 | +19.4 | -0,9237 | ||||
| Number of Shares after dilution | 15,313,792 | 12,188,792 | +25.6 | 15,313,792 | ||||
| Result per share amounted (in SEK) | -0.2517 | -0.3121 | +19.4 | -0,9237 | ||||
| Average Number of outstanding Shares | 15,313,792 | 12,188,792 | +25.6 | 13,751,292 | ||||
| Result per share amounted (in SEK) | -0.2517 | -0.3121 | +19.4 | -1,0286 | ||||
| Cash available end of period | 8,984 | 14,520 | -38.1 | 14,383 | ||||
| CISH AB Group RESULTS IN BRIEF | in TSEK |
2022 Q1 |
2021 Q1 |
Diff. in % | 2021 FY |
||||
| Operating Income | 2,260 | 1,589 | +42.3 | 10,564 | ||||
| Operating Costs | -7,001 | -5,383 | +30.1 | -24,624 | ||||
| Profit (+) / loss (-) after taxes | -3,855 | -3,804 | -1.3 | -14,145 | ||||
Significant events during the report period
- Directed share issue registered with the Bolagsverket
- SolarSpring Ships First Solar Powered Drinking Water System to Burkina Faso
- Clean Industry Solutions Holding Europe AB appoints Lago Kapital as liquidity provider
- Industrial Solar GmbH signs engineering contract with KEBE S.A.
- SolarSpring provides key system element in public funded wastewater treatment project
- SolarSpring closes sales contract for an MD pilot system to be used in industrial water recycling project
Significant events after the report 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
- Clean Industry Solutions Holding Europe AB Updates Financial Calendar of 2022
Comments from the CEO Christian Zahler
For the last few months, we have all been following the Russia-Ukraine conflict, which not only caused horrible human suffering, but also a disruption of global trade and a worldwide escalation of fuel prices, insecurity of supply and uncertainty for the future of production costs.
This crisis had an effect - which was probably not foreseen by Russian government: it reinforced Germany’s and Europe’s determination to get off fossil fuels entirely and to accelerate the clean energy transition.
The German government has announced to give up coal by 2030, eight years earlier than the previous target and to get 80 percent of its electricity from renewable energy by then, up from the previous goal of 65 percent.
The European commission meanwhile presented a 300-billion-euro plan to stop energy imports from Russia by 2027.
As a result, our subsidiary Industrial Solar experienced a strongly growing demand for its solutions – both on national and international level, for solar process heat systems as well as for photovoltaic systems.
Our other subsidiary SolarSpring also went through a dynamic first quarter and accomplished several milestones like the first delivery of a solar powered drinking water system to Burkina Faso with financial support of atmosfair.
This development is reflected by the increase of our income by 227% in the first quarter compared to last year.
The advantages of alternative energy solutions become more and more apparent, which – despite the sad circumstance under which it is happening – confirms that we are on the right track and that our solutions are far more than a nice-to-have: tools for a secure, cost-efficient and most importantly a peaceful future.
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 24-05-2022 08:46 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/
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://www.solarspring.de/