English

Safeture AB (publ) publishes interim report for second (2) quarter 2019

Report this content

Summary of interim Report

“Parent company” or “Safeture”, comprises of Safeture AB with company number 556776-4674, without subsidiaries. “The Group” comprises the Parent company, including subsidiaries. At June 30, 2019, the Parent 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 six months (2019-01-01 to 2019-06-30)

  • Net turnover amounted to 10 522 (8 796) TSEK, an increase of 19,6% compared to the same period last year.
  • Result after financials and minority share amounted to -9 006 (-5 096) TSEK.
  • Result per share* before dilution amounted to -0,39 (-0,32) SEK.
  • Result per share* after dilution amounted to -0,36 (-0,30) SEK.

Second quarter (2019-04-01 to 2019-06-30)

  • Net turnover amounted to 5 285 (4 473) TSEK, an increase of 18,2 % compared to the same period last year.
  • Result after financials and minority share amounted to -4 633 (-1 731) TSEK.
  • Result per share* before dilution amounted to -0,20 (-0,11) SEK.
  • Result per share* after dilution amounted to -0,19 (-0,10) SEK.
  • The solidity** amounted to 53,8 (63,4) %.

THE PARENT COMPANY 

First six months (2019-01-01 to 2019-06-30)

  • Net turnover amounted to 6 978 (6 289) TSEK, an increase of 11% compared to the same period last year
  • Result after financials amounted to -8 812 (-4 181) TSEK.
  • Result per share* before dilution amounted to -0,38 (-0,26) SEK.
  • Result per share* after dilution amounted to -0,35 (-0,24) SEK.

Second quarter (2019-04-01 to 2019-06-30)

  • Net turnover amounted to 3 557 (3 180) TSEK, an increase of 11,9% compared to the same period last year.
  • Result after financials amounted to -4 675 (-1 392) TSEK.
  • Result per share* before dilution amounted to -0,20 (-0,09) SEK.
  • Result per share* after dilution amounted to -0,19 (-0,08) SEK.
  • The solidity** amounted to 58,3 (68,3) %.

Amounts within brackets regard the corresponding period last year.

*Result per share: The result is divided by the average number of shares (after dilution includes average number of share options). Total number of shares on June 30, 2019: 23 193 737 (15 945 407) shares. Average number of shares for the second quarter 2019: 23 193 737 (15 945 407). Total number of shares in Safeture 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. It should be noted that these share options were not converted in July, 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 second quarter, 2019.

  •  Lisa Berg Rydsbo, Adam Schatz och Sofia Kinberg elected new board members of Safeture. 
  •  Safeture 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. 
  •  Safeture appoints Magnus Hultman as new CEO of Safeture from 1 August 2019. 
  •  Safeture signs an agreement with Spanish Risk Consultancy Ack3 Global Solutions to provide its Safeture TRM (Travel Risk Managent) software to the company´s customers.
  •  Safeture signs an agreement with Japanese Vision Inc. to provide its Safeture TRM (Travel Risk Management) software to the company’s global WiFi routers business. Vision is Safetures first partner in Japan and have about ten million customers globally
  •  Simon Häggblom is the new Regional Sales Manager for Sweden. The recruitment of another qualified Sales Representative is part of Safeture´s focus on increasing sales.

Significant events after the second quarter.

  • Safeture appoints Linda Canivé as new CFO from 1 September 2019. 
  • On July 17, an extraordinary shareholder meeting decided on a directed issue of share options to employees, key personnel and the board of directors. More information about the decision can be found in a press release from 17 July on the company´s web site 
  • The insurance giant Chubb's travel security solution "Chubb Travel Smart", fully developed by Safeture, is awarded the silver medal in the prestigious Stevie Awards competition.

This press release is information that Safeture 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 12.30 CET on 2019-08-29

For additional information, visit www.safeture.com or contact

Safeture CEO Magnus Hultman: +46 706 00 81 66.  Magnus.hultman@safeture.com 

About Safeture AB

Safeture (former 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. The company offers a unique security platform: Safeture, which is the new, complete way to take control of employee safety with state-of-the-art technology.

The Safeture share is listed on NASDAQ First North Stockholm (ticker: SFTR). Erik Penser Bank AB is the Certified Adviser. Ph: +46 8-463 83 00 E-mail: certifiedadviser@penser.se.

Tags:

Safeture

Subscribe

Documents & Links