HEATPOWER 300 MARINE LAUNCHED IN
At the beginning of September, the new product, HeatPower 300 Marine, was successfully launched at the world's largest marine fair, SMM, in
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JULY - SEPTEMBER
- Order intake amounted to
SEK 0.7 million (0.0) and pertained to service and aftermarket work. - Net sales amounted to
SEK 1.2 million (1.5) - Operating profit/loss amounted to
SEK -24.0 million (-32.0) - Profit/loss after financial items amounted to
SEK -23.2 million (-35.4) - Earnings per share, before and after dilution, amounted to
SEK -0.24 (-0.65) - Cash flow from operating activities after changes in working capital amounted to
SEK -18.9 million (-21.3)
IMPORTANT EVENTS DURING THE PERIOD
- HeatPower 300 was launched at the world's largest marine exhibition, SMM in
Hamburg , and was greeted with great interest from potential customers and partners. - HeatPower 300 was awarded "Product of the Year" at the Seatrade Cruise 2022 Awards event, where industry experts recognized
Climeon for its technological innovations that contribute to a sustainable and energy-efficient cruise industry. - The approved rights issue was completed with 100 percent of the shares subscribed. The issue brought Climeon
SEK 160 million before issue costs. The funds will be used for completion and commercialization of HeatPower 300. - The credit agreement with Swedish Export Credit (SEK), and DNB was extended. The original loan of
EUR 7.5 million was taken in the autumn of 2020 with a term of two years. The extension runs over 12 months from the original due date.
JANUARY - SEPTEMBER
- Order intake amounted to
SEK 3.0 million (0.0) - Net sales amounted to
SEK 4.9 million (25.6) - Order backlog amounted to
SEK 185.9 million (179.7) - Operating profit amounted to
SEK -75.3 million (-115.3) - Profit/loss after financial items amounted to
SEK -87.0 million (-71.1) - Earnings per share, before and after dilution, amounted to
SEK -1.05 (-1.30) - Cash flow from operating activities after changes in working capital amounted to
SEK -44.1 million (-98.3) - Total cash and cash equivalents amounted to
SEK 187.6 million (152.0)
A word from our CEO:
HEATPOWER 300 MARINE LAUNCHED DURING SMM AND AWARDED "PRODUCT OF THE YEAR" BY SEATRADE CRUISE 2022
In August, it was a year since I took office as the new CEO at
We are convinced that our HeatPower technology has an important place in the ongoing energy transition and for the future reduction of carbon dioxide emissions. For all renewable energy types, it is important that they are cost-efficient, while also contributing to the reduction of emissions. For
If I start with the HeatPower 300 for the marine market, we launched our new product to a collective international marine industry, during the SMM in
Just one week after SMM, our HeatPower 300 for the marine market received the prestigious award "Product of the Year 2022" at the Seatrade Cruise Award event in
In addition to the marine market, during the quarter we met with a number of potential customers in the
In parallel with the development and the initiated commercialization of HeatPower 300, we are of course working further with ongoing and existing installations of HeatPower 150, as well as building up an aftermarket business.
The restructuring program completed earlier this year has given us an organization that is more optimized for our new focus, in size, as well as skills and cost base. But transition takes time and requires resources. Our net sales during the third quarter of the year amounted to
term. Therefore, I am happy that we were able to successfully complete the rights issue that the annual general meeting and the board approved earlier this spring. It means that we received approximately
I would like to thank the shareholders and the board for the trust you show. I also extend an equally big thank you to all of
For full report, please see attached file below.
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