myFC Holding AB (publ) year-end report January - December 2018

Full year January - December 2018

  • Net sales amounted to SEK 577 thousand (337)
  • Operating profit amounted to SEK -91.2 million (-68.4)
  • Earnings per share amounted to SEK -1.63 (-2.25)

Quarter October - December 2018

  • Net sales amounted to SEK 110,000 (0)
  • Operating profit amounted to SEK -35.2 million (-38.7)
  • Earnings per share amounted to SEK -0.51 (-1.12)

Significant events October - December 2018

  • myFC showcases reference platform for smartphone integration and technology to protect from counterfeit fuel cards
  • myFC launches JAQ Hybrid in Japan together with Lightec Inc
  • Frame agreement with Telling expires; myFC continues to market JAQ Hybrid to existing and future customers in China

Significant events after the end of the period

  • myFC raises the energy level of the company's fuel cards following chemical engineering breakthrough
  • The Nomination Committee proposes Ann-Sofie Nordh to the myFC Board of Directors
  • myFC receives order for 2,000 JAQ Hybrid chargers from South Africa
  • myFC to develop smart cases for smartphones, initiates collaboration with case manufacturer Krusell
  • myFC dismantles its share in joint venture and plans new structure in China
  • myFC proposes a rights issue of MSEK 56 for offensive investments in the integration of fuel cells in smartphones and vehicles

Dates for interim report and AGM

  • Interim report Jan-March 2019 published May 31, 2019
  • Annual General Meeting 2019 moved to June 11, 2019

Comment from CEO Björn Westerholm: ”During the fourth quarter of the year, we continued to have good technology development within our focus areas – smartphones and the automotive industry. The automotive industry’s interest in our technology has increased, and we are getting more and more contact requests from many large industrial players, especially from China and Europe. To take advantage of this momentum for our technology, we propose a rights issue of SEK 56 million with an over-allotment option of an additional SEK 14 million.

This information is information that myFC is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out below, at 08:05 CET on 22 February 2019.

For further information, please contact: 
myFC Press Office 
Email:  press@myfc.se 
Phone: +46 (0) 738 09 33 83

Certified Advisor
Avanza Bank
Mail: corp@avanza.se
Phone: +46 (8) 409 421 20

About myFC
MyFC is a Swedish innovation company, world leader in micro-fuel cells. myFC develops technology which co-locates batteries and fuel cells and which is charged with a green, hydrogen-generating fuel consisting of water, salt and reactants. The company's offerings LAMINA MAX, LAMINA INcase and JAQ Hybrid are aimed at the smartphone industry while LAMINA REX targets the automotive industry. MyFC was founded in 2005 and was listed on NASDAQ | First North in 2014. Its headquarters are in Stockholm. For more information, visit www.myfcpower.com


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About Us

Swedish innovation company myFC offers thin, scalable fuel cells that are easy to dimension and adapt to any electric application. myFC develops hybrid technology solutions combining batteries and hydrogen-based micro fuel cells for extended usage and reduced carbon footprint. The company was founded in 2005 and was listed on NASDAQ | First North in 2014. Its headquarters are in Stockholm. For more information, visit myfc.se

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