Resqunit AB - Year-end Report 2H-2023

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Resqunit AB (publ) ("Resqunit") March 31, 2024, at 14.30 CET - publishes Year-end Report 2H-2023

2023 compared to 2022
Group revenue have been limited in both years.
Operating profit amounted to -18 061 983 SEK (-9 324 973 SEK)
Earnings per share –1,57 SEK (-0,86 SEK)

Key figures

Net sales SEK 1 383 947 340 322
Operating profit, SEK -18 061 982 -9 324 973
Earnings per share -1,57 -0,86
Earnings per average number of shares -1,63 -0,88
Equity per share 0,90 0,36
Outstanding shares 11 988 295 11 155 295
Average number of outstanding shares 11 571 795 10 882 786
Solidity (%) -430 % 25 %

From CEO Helge Trettø Olsen's letter in the report :

"Amidst our ongoing efforts to address the critical environmental issues stemming from lost fishing gear, we must also confront the challenging economic landscape that confronts us."

"Recognizing the undeniable need for our product in the market from an environmental perspective, we are now pivoting towards a different approach. In 2024, we will strive to scientifically document the environmental impact of our product through controlled studies. This evidence will bolster our case for implementing regulatory incentives aimed at promoting broader adoption within the industry."

DISCLOSURE REGULATION

This information is information that Resqunit AB is obliged to make public pursuant to the EU Market Abuse Regulation (MAR) 596/2014. The information in this press release has been published through the agency of the contact persons set out above, on March 31, 2024, at 14.30 CET

This release will also be available at https://www.resqunit.com/financial-reports/

Certified Advisor 

Svensk Kapitalmarknadsgranskning AB (SKMG).

For more information, please contact: 

Helge Trettø Olsen, CEO, Resqunit AB 
Email: helge@resqunit.com 
Telefon: +47 901 68 908 

About Resqunit Ab

Resqunit is an ocean technology company that develops innovative equipment to disarm and retrieve lost fishing gear. Through the collection of sensor data and software, the company wants to increase knowledge about the ocean and increase catch predictability. Every year, between 500 000 and 1 000 000 tons of fishing gear disappear at sea, including 25 million fishing pots. A significant part of this consists of plastic, which over time dissolves in microplastic particles and enters the food chain. Lost gear harms fisheries, animal populations and the environment. Resqunit AB (publ) was founded in 2021 as a parent company (listco) with 100% of the shares in the Norwegian subsidiary Resqunit AS, founded in 2017.

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