SaltX Technology Holding AB (publ) Interim report 1 2019

Interim report 1 2019

Financial events

First quarter
-Net sales totaled MSEK -1.7 (1.5)
-Operating profit/loss (EBIT) amounted to MSEK -20.1 (-13.8)
-Cash flow from operating activities amounted to MSEK -25.2 (-12.2)
-Earnings per share before and after dilution were SEK -0.30 (-0.25)

Significant events

First quarter
-Karl Bohman ends as CEO - Harald Bauer takes over as acting CEO
-SaltX agrees to terminate the license for gas heat pumps in China

After the end of the period
-Large interest when SaltX inaugurated the pilot plant in Berlin
-Carl-Johan Linér new CEO of SaltX Technology - solid experience from ABB's power operations

Stockholm, May 3, 2019

Board & CEO

For further information, please contact:
Harald Bauer, CEO SaltX Technology: Tel: +46 70 810 80 34

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This information is such information as SaltX Technology is required to disclose under the EU Market Abuse Regulation. The information was provided, through the contact of the above contact person, for publication on May 3, 2019 at. 08.00 CET.

About SaltX Technology
SaltX Technology develops and sells patented energy storage technology, which is marketed under the brand SaltX ™. SaltX Technology's stock is listed on Nasdaq Stockholm First North. FNCA Sweden AB, +46-8-528 00 399, info@fnca.se, is SaltX Technology’s Certified Adviser. For more information, visit www.saltxtechnology.com.  

About Us

SaltX Technology is an award-winning company in Sweden which has developed a worldwide patented ground-breaking nano technology, storing energy in salt for an unlimited amount of time to provide heating and/or cooling. The company is primary focusing on large scale energy storage, which is required to deal with the inconsistency of renewable energy supply. SaltX´s innovation, built with nano-coated salt technology, is a circular thermal energy storage solution that provides peak shifting to energy grid providers, industrial and commercial customers. With a low cost SaltX Energy Storage is enabling the full transition to renewable energy, globally.

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