SaltX Technology Holding AB (publ) Year-end report 2018

Year-end report 2018

Financial events

Fourth quarter
-Net sales totaled MSEK 1.7 (2.2)
-Operating profit/loss (EBIT) amounted to MSEK -79.8 (-8.7)
-Cash flow from operating activities amounted to MSEK -15.0 (-10.3)
-Earnings per share before and after dilution were SEK -1.38 (-0.14)

Full year January — December
-Net sales increased to MSEK 6.5 (5.3)
-Operating profit/loss (EBIT) amounted to MSEK -121,1 (-28.5)
-Cash flow from operating activities amounted to MSEK -50.6 (-28.5)
-Earnings per share before and after dilution were SEK -2.14 (-0.53)

Significant events

Fourth quarter
-SaltX increases the pace of investment in large-scale energy storage and implemented a new share issue of SEK 80 million.
-SaltX included strategic collaborations to scale up the production of nano-coated salt.
-SaltX achieved the first milestone in the collaboration with Ahlstrom-Munksjö - 2D fab delivers the graphene and builds out production capacity.

After the end of the period
-SaltX focus on large-scale energy storage - EnerStore - has led to impairment of values in other application areas.
-Karl Bohman ends as CEO - Harald Bauer takes over as acting CEO.

Stockholm, February 21, 2018

Board & CEO

For further information, please contact:
Harald Bauer, CEO & CFO SaltX Technology: Tel: +46-708 108 034

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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 February 21, 2019 at. 08.00 CET.

About SaltX Technology
SaltX Technology develops and sells patented energy storage technology, which is marketed under the brand SaltX ™. Customers consist mainly of major global OEM partners such as Alfa Laval, Mobile Climate Control and Rheem. 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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