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SaltX Technology Holding AB The Year-end Report 2019

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FINANCIAL EVENTS

Q4*

  • Net sales increased to MSEK 0.9 (1.7)
  • Operating profit/loss (EBIT) totaled MSEK -10.9 (-79.8)
  • Cash flow from operating activities amounted to MSEK -10.2 (-15.0)
  • Earnings per share before and after dilution amounted to SEK -0.16 (-1.38)

Full year January – December*

  • Net sales totaled to MSEK 0.2 (6.5)
  • Operating profit/loss (EBIT) totaled MSEK -83.8 (-121.1)
  • Cash flow from operating activities amounted to MSEK -58.8 (-50.6)
  • Earnings per share before and after dilution amounted to SEK -1.22 (-2.14)

SIGNIFICANT EVENTS

Q4

  • SaltX carried out a new capital issue for approx. MSEK 80.6 and is taking the next step towards commercialization 
  • A new strategic partner in China is financing a pilot project – Shuangliang is constructing and developing an energy storage pilot project in China

After the end of the year

  • The Board proposes no dividend

* The Group applies IFRS 16 Leases from January 1 and all figures for 2019 in this interim report include this change. Comparative figures are not recalculated. 

Board & CEO

For further information contact:
Carl-Johan Linér, CEO of SaltX Technology, tel + 46-70 532 08 08
Harald Bauer, CFO of SaltX Technology, tel + 46-708 10 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 February 21, 2020 at. 08.00 CET.
 

About SaltX Technology
SaltX Technology develops and sells a patented energy storage technology based on nanocoated salt. The Company collaborates with partners such as Spanish INERCO ITC, German Steinmüller and the Chinese company Shuangliang. SaltX Technology's shares are listed on the Nasdaq First North Premier Growth Market. FNCA Sweden AB, +468-528 00 399, info@fnca.se, is SaltX Technology's certified adviser. For more information, visit: www.saltxtechnology.com. 

February 21, 2020, Stockholm

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