English

Camanio Care publishes interim report January-September 2019

Report this content

The complete interim report is available as a PDF on the website www.camanio.com. It is also attached to this press release. 

The quarter in brief in the group019

The operations of Camanio Care in welfare technology have been collected in the subsidiary Camanio AB, which has been sold to Brighter AB. The listed company Camanio Care AB will shortly be changing its operations to financial services and will also change its name. More about this will be communicated shortly. 

1 JULY – 30 SEPTEMBER 2018

  • Total revenue for the period amounted to kSEK 2,645 (kSEK 4,129)
  • Net sales for the period amounted to kSEK 2,400 (kSEK 4,104)
  • Operating profit/loss was kSEK -3,346 (kSEK -3,482)
  • Profit/loss after financial items was kSEK -3,318 (kSEK -4,256)
  • Earnings per share amounted to -0.06 kr (SEK -0.25)
  • Equity in the Group at 30 September amounted to kSEK 7,841 (31 Dec 2018; kSEK 3,386)
  • Liquid assets in the Group at 30 September amounted to kSEK 2,456 (31 Dec 2018; kSEK 2,451). Liquidity amounted to 37% (31 Dec 2018; 94%)
  • The equity ratio was 35% (31 Dec 2018; 11%)
  • The number of shares at the end of the period was 53,637,760 (30 September 2018; 16,674,539)

1 JANUARY – 30 SEPTEMBER 2018

  • Total revenue for the nine months constituting the period amounted to kSEK 9,045 (kSEK 9,345)
  • Net sales for first nine months of 2018 amounted to kSEK 7,985 (kSEK 7,239)
  • Operating profit/loss was kSEK -12,688 (kSEK -11,789
  • Profit after financial items amounted to kSEK -13,163 (kSEK -12,851)
  • Earnings per share amounted to SEK -0.24 (SEK -0.76)
 
 

The amounts within the parenthesis refer to the corresponding period from last year, if not clearly stated otherwise.  

Significant events after the end of the period: 

14 October          Camanio Care AB sells the subsidiary Camanio AB to Brighter and names Erik Domajnko CEO of Camanio Care AB

14 October          Camanio Care AB flags for changes in share holdings 

14 October          Communique from extraordinary shareholders meeting in Camanio Care AB

A word from the previous CEO Catharina Borgenstierna 

Camanio Care has for several years been developing its operations and built up the offering within welfare technology. Today we have reached a leading position on the market where our turnover and customer base is continually growing. At the same time, we have had difficulties obtaining attractive financing as a listed company. Through the sale of the operations to Brighter, we will get a financially strong owner with larger possibilities to develop our services and operations, which we are very happy to have. Our customers, users and partners will be able to feel secure with the knowledge that we are continuing our efforts on the market and developing our services. 

The deal also means that the owners of the company are securing a decided value, as the listed company will have an ownership in Brighter at a value of about 17 million SEK. 

I will continue to lead and develop the operations in welfare technology within the bounds of the company Camanio AB and hope that the new operations (in financial services) within the company can secure a positive future development for all shareholders. 

Catharina Borgenstierna
Now CEO of Camanio AB, which is owned by Brigther AB, and previous CEO for Camanio Care AB (undergoing name change) 

A word from the new CEO Erik Domajnko 

 I have just assumed the position of CEO for Camanio Care AB (undergoing name change) and have started working with introducing the new operations within financial services. The next step is to call an extraordinary shareholders meeting, where we will also suggest a new name for the company.

The purchase price for Camanio AB is 17 million SEK and was paid through an issue for non-cash consideration where Brighter issued and awarded 1 597 744 shares to the seller Camanio Care AB, and Camanio Care AB awarded the shares of Camanio AB as capital contributed in kind. The price per share was 10.64 SEK, which corresponded to the volume weighted average share price during the 20 days of trading foregoing that day.

I have experience from a large number of leading positions in Ericsson, where I worked between 1995 and 2018. I look forward to, together with the board of directors, launching new operations for this listed company. I thank all shareholders for your confidence in me and look forward to working for the prosperity of the company.

Erik Domajnko
CEO of the listed company Camanio Care AB (publ) which will now be changing focus and name  

Contact

Erik Domajnko, VD

Camanio Care AB, Hästholmsvägen 32, 131 30 Nacka 

070-536 3265 | erik.domajnko@outlook.com  | Org.nummer: 556761-0307

Documents & Links