Artificial Solutions is contemplating a bond issue
Artificial Solutions International AB (“Artificial Solutions” or the “Company”) has mandated Pareto Securities to arrange fixed income investor meetings in order to evaluate a debt capital raise. A 3-year, senior secured, floating rate bond issue of up to SEK 250 million may follow, subject to inter alia market conditions, where the proceeds would be used to refinance the Company’s existing debt and general corporate purposes.
Strong Revenue Growth of 22%APRIL TO JUNE 2020
· Order Intake was 6.5 MSEK (22.8) · Order Backlog decreased to 44.6 MSEK (50.7) · Net Sales totalled 15.4 MSEK (12.6) · Gross Margin increased to 69% (60) · Usage Revenue increased to 37% (24) · Adjusted EBITDA was -19.8 MSEK (-27.7) · Earnings per share -0.9 SEK (-2.0)
JANUARY TO JUNE 2020
· Order Intake was 26.0 MSEK (39.6) · Order Backlog decreased to 44.6 MSEK (50.7) · Net Sales totalled 30.7 MSEK (25.3) · Gross Margin increased to 65% (55) · Usage Revenue increased to 31% (18) · Adjusted