Hørsholm,
BAWAT is a leading supplier of sustainable ballast water treatment technology and services. BAWAT was listed on Nasdaq First North Premier Growth Market in
Highlights H1 2022 - Strong increase in quoting activity and order intake
- Order intake increased noticeably to
SEK 9.3m (H1 2021:SEK 1.9m ) as a consequence of increased market penetration due to improved customer acknowledgement and expanded global sales coverage. -
Sales amounted to
SEK 10.2m (H1 2021:SEK 4.5m ) which is significantly higher than last year and a function of improved order intake in previous periods -
For the full year 2022, order intake is expected to amount to
SEK 35-50m based on the current pipeline and quoting activity. - Gross profit is expected to increase gradually in coming quarters due to increased scalability through repeat-orders, consolidated procurement and a larger portion of the sales being within the Mobile Solutions business activity.
Bawat is active in three market segments within ballast water management. The company estimates the market opportunities to be:
- Ship installations
USD 3bn per annum until '24- thereafter in excess ofUSD 0,5bn -
Mobile installations
USD 2bn total market -
Ballast-water-as-a-treatment
USD 5bn per annum
FINANCIAL
SEK '1000 | H1 2022 | H1 2021* | Change |
Order intake | 9.286 | 1.900 | 388% |
Sales | 10.162 | 4.516 | 125% |
Gross Profit | 504 | 79 | 538% |
Gross Profit % | 5,0% | 1,8% | - |
EBITDA** | -10.490 | -10.904 | 4% |
Result for the period | -23.807 | -16.654 | -43% |
Earnings per share | -0,60 | -1,83 | 67% |
Cash flow from operations** | -10.141 | -9.175 | -10% |
Net working capital | -6.284 | -5.285 | 19% |
Equity ratio % | 38% | -3,9% | - |
* Parent of the Group was changed from Bawat A/S to
**In addition to this, IPO and other related non-recurrent items
We will continue to build out our global presence, which was one of the main purposes of raising capital through our successful IPO earlier this year. I would like to take this opportunity to extend my gratitude to our more than seven hundred new and existing shareholders for investing in the future of BAWAT".
Find the full H1 2022 report here: https://investor.bawat.com/company-reports/
CONFERENCE CALL
BAWAT invites investors to participate in a live video event on
FORWARD-LOOKING STATEMENTS
This announcement contains forward-looking statements. Words such as 'believe', 'expect', 'may', 'will', 'plan', 'strategy', 'prospect', 'foresee', 'estimate', 'project', 'anticipate', 'can', 'intend', 'outlook', 'guidance', 'target' and other words and terms of similar meaning in connection with any discussion of future operating or financial performance identify forward-looking statements. Statements regarding the future are subject to risks and uncertainties that may result in considerable deviations from the outlook set forth. Furthermore, some of these expectations are based on assumptions regarding future events which may prove incorrect.
FOR MORE INFORMATION, PLEASE CONTACT:
Investors & Media:
Certified Adviser
Telephone: +46 11 32 30 732
ca@skmg.se
This press release constitutes inside information that Bawat
For further information about Bawat
About Bawat
The development of an entirely new approach to ballast water treatment utilizing onboard waste heat to treat ballast water led to the founding of Bawat in 2011. A ballast water treatment system avoids disposal of untreated water in seas and harbors.
Bawat's BWMS is a system that is simple, cost-effective, and sustainable, build on a zero environmental impact, using standard marine components. No filters, no chemicals no UV. And is the first to market a USCG/IMO Type Approval BWMS that uses pasteurization to treat ballast water in a one-pass process.
Bawat has built upon its innovative breakthrough, and now offers ballast water solutions to the maritime industry in three categories:
- A ship BWMS for Retrofit and New Builds
- Mobile containerized solution for multiple vessel usage in a port, on a ship or for rigs
- Ballast Water as a Service for contingency services in ports
Bawat is an engineer-driven company that is rooted in the tradition of Danish maritime innovation and with a deep maritime insight: www.bawat.com.
https://news.cision.com/bawat/r/bawat-water-technologies-ab--bawat-announces-half-year-report-2022,c3617580
https://mb.cision.com/Main/21250/3617580/1617905.pdf
https://mb.cision.com/Public/21250/3617580/8124672e30005ad4.pdf
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