GWS Production AB (publ) publishes interim report for first (1) quarter 2019

Summary of year-end report

“Mother company” or “GWS”, comprises of GWS Production AB with company number 556776-4674, without subsidiaries. “The Group” comprises the Mother company, including subsidiaries. At March 31, 2019, the Mother company owned 51% of the shares in Travelogix Ltd, 100% of the shares in GWS Production (Singapore) Pte Ltd, 99,99% of the shares in GWS do Brasil Solucões e Sistemas Tecnológicos em Seguranca Ltda and 35% of the shares in Carefindy AB (minority interest).

THE GROUP  

First quarter (2019-01-01 to 2019-03-31)

  • Net turnover amounted to 5 237 (4 323) TSEK, an increase with 21,1 % compared to the same period last year.
  • Result after financials and minority share amounted to -4 373 (-3 365) TSEK.
  • Result per share* before dilution amounted to -0,19 (-0,21) SEK.
  • Result per share* after dilution amounted to -0,17 (-0,20) SEK.
  • The solidity** amounted to 62,5 (68,0) %.

THE MOTHER COMPANY

First quarter (2019-01-01 to 2019-03-31)

  • Net turnover amounted to 3 421 (3 109) TSEK, an increase with 10% compared to the same period last year.
  • Result after financials amounted to -4 137 (-2 789) TSEK.
  • Result per share* before dilution amounted to -0,18 (-0,17) SEK.
  • Result per share* after dilution amounted to -0,16 (-0,16) SEK.
  • The solidity** amounted to 66,3 (72,1) %.

Amounts within brackets regard comparative period last year.

*Result per share: result is divided by an average number of shares (after dilution includes average number of share options). Total number of shares on March 31, 2019: 23 193 737 (15 945 407) shares. Average number of shares for the first quarter 2019: 23 193 737 (15 945 407). Total number of shares in GWS on December 31, 2018: 23 193 737 (15 945 407) shares. The Company has issued 40 000 share options (2015/2019), all signed for, which can be converted into the same number of shares from July 8th, 2019 to July 24th, 2019.

The Company has also issued 670 000 share options (2016/2020), of which 670 000 has been signed for, which can be converted into the same number of shares in the Company during April 2020.

The Company has furthermore issued 794 000 share options (2018/2021) which can be converted into the same amount of shares from December 13th, 2021 to December 17th, 2021. 

**Solidity: Equity divided by total assets.

Significant events during the first quarter, 2019.

  •  GWS signs a pilot agreement with ACASIA Communications in Malaysia. 
  •  GWS hires a regional sales manager for Germany, Austria and Switzerland. 

Significant events after the first quarter.

  •  Lisa Berg Rydsbo, Adam Schatz och Sofia Kinberg proposed as new board members of GWS. 
  •  GWS announces Safeture Enterprise, a new offering and a complete cloud-based IT platform designed to safeguard employees wherever they are. To reflect its product and ambition, GWS plans to change its name to Safeture AB, provided approval of the annual general meeting May 29. 
  •  GWS appoints Magnus Hultman as new CEO of GWS. 

For more information visit www.safeture.com or contact GWS VD Andreas Rodman, +46 (0) 708 – 10 13 16, andreas.rodman@globalwarningsystem.com

About GWS Production AB and Safeture

GWS, Global Warning System, was founded in 2009, triggered by the experience with a global SARS epidemic, the 2004 Indian Ocean tsunami and the Mumbai terror attacks 2008. The company offers a unique security platform: Safeture, which is the new, complete way to take control of employee safety with a state-of-the-art technology. The GWS share is listed on NASDAQ First North Stockholm (ticker: GWS). Erik Penser Bank AB is the Certified Adviser. Ph: +46 8-463 83 00 E-mail: certifiedadviser@penser.se.

This press release is information that GWS Production 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 person set out above, at 13.00 CET on 2019-05-02

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About Us

Safeture (former GWS Production), was founded in 2009, triggered by the experience with a global SARS epidemic, the 2004 Indian Ocean tsunami and the Mumbai terror attacks. The company offers a unique security platform: Safeture, which is the new, complete way to take control of employee safety with a state-of-the-art technology. The Safeture share is listed on NASDAQ First North Stockholm Growth Market, ticker SFTR.