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.