Q4 from
The report can be found here:https://cleanindustrysolutions.com/en/investor-relations/financial-reports/
The period in brief - financial summary for the fourth quarter
- Income amounted to
SEK 7.8 million -
Other operating income amounted to
SEK 4.0 million -
Income from shares in group companies amounts to
SEK 18.4 million from the insolvency-related deconsolidation ofIndustrial Solar GmbH -
Operating Expenses for the fourth quarter amounted to
SEK -7.2 million -
Operating result (EBIT) for the fourth quarter amounted to
SEK 19.0 million -
Financial result amounted to
SEK -19.2 million mainly due to the deconsolidation ofIndustrial Solar GmbH -
Earnings per share, before and after dilution, for the fourth quarter amounted to
SEK -0.0033 -
Cash flow from operating activities for the fourth quarter amounted to
SEK -4.7 million -
As of 31-12 equity amounted to
SEK 6.1 million -
Cash and cash equivalents on 31-12 amounted to
SEK 7.0 million
Significant events during the reporting period
Successful Partner Training Workshop at Industrial Solar- Clean Industry Solutions subsidiary SolarSpring signs MOU with Aqualia
- SolarSpring Receives National Grant Award for R&D Project BEFuel
Clean Industry Solutions Holding Europe AB's subsidiaryIndustrial Solar GmbH will file for insolvency proceedings inGermany Aalborg University ,Denmark , purchases MD pilot system for high-purity water production
Significant events after the reporting period
- Clean Industry Solutions announces termination of the liquidity provider agreement
Clean Industry Solutions Holding Europe AB's subsidiaryIndustrial Solar GmbH will cease operations by the end of February-
SolarSpring receives
EU LIFE programme grant award for R&D project SALTEAU - Clean Industry Solutions announces the dismissal of the management of Industrial Solar by the insolvency trustee
Comments from the CEO
Unfortunately, the fourth quarter of 2023 was not a continuation of the achievements that we were able to share during the first three quarters of the year. It is with profound sadness that I must confirm that Industrial Solar had to stop operations at the end of February due to insolvency.
This is undoubtedly a moment of profound regret for all of us who have poured our dedication, passion, and hard work into the success of the company. To our colleagues at Industrial Solar, I want to express my deepest gratitude for their unwavering dedication, creativity, and hard work. Each one of them has played an integral role in the journey of the company, and their commitment has been nothing short of inspiring. It is sad but true that circumstances beyond our control have led us to this point. However, let us not forget the incredible achievements Industrial Solar brought to the solar thermal world.
We must now navigate through uncharted waters and do so with a collective spirit of support and understanding.
The happier we are that SolarSpring is currently experiencing increasing interest in membrane distillation pilot systems from a variety of industries and research centers. Besides high-purity water production for hydrogen electrolysers, the removal of ammonia from wastewater for further use and the volume reduction of highly saline effluents are the most commonly requested applications.
As communicated in late December,
Financially, the upward trend of the group continued in Q4 2023: On a year-to-year basis, the growth of total operating income compared to last year is +47.5% (without income from shares in group companies, +87.9% including it).
Due to the insolvency of
This disclosure contains information that
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