Half-year report Seluxit 2021/22

21.1.2022 10:47:24 CET | Seluxit | Interim information

Seluxit presents a half-year report, where the results still are affected by the changed market conditions for the company's products in Germany.

Company Announcement No. 46
Aalborg, January 21st, 2021

 

In the half-year report, you can read more about highlights for the period, which include:

• 50% increase in the number of devices on the SLX IoT platform
• Established partnerships within energy efficiency in Europe
• Completed the project Energy Monitoring & Analysis Dashboard - AVES
• Introduction to the EdTech market - products and partnerships
• Pipeline for 2022

 

CEO Daniel Lux, Seluxit:

“Over the past year, we have further developed our IoT platform and partnerships. This has resulted in partnerships with a German consulting house and a Chinese/Czech manufacturer of intelligent electricity meters. We are involved in several interesting tenders on larger volumes, but the process is taking longer than expected. The long delivery times on components causes a further complication.

We are not satisfied with the revenue for the first half year. We continue to have a strong focus on activities that can help boost the revenue, including the above-mentioned partnerships and increasing resources allocated for sale.

The expectations for the financial year 2021/22 include a turnover of DKK 6-8 million and an EBITDA of DKK -1 to -2 million, as announced in company announcement number 44.”

 

Financial highlights

DKKt	2021/22 H1	2020/21 H1	2020/21	2019/20
Revenue	2.899	3.086	6.800	20.981
EBITDA	-1.012	-1.894	-36	-3.743
EBT	-2.858	-3.005	-2.810	-5.782
Profit after tax	-2.229	-2.344	-1.854	-4.510
BALANCE SHEET
Assets	25.573	21.846	28.612	26.062
Equity	16.167	17.925	18.396	20.269
CFFO – Operating activities	3.235	-1.427	-3.165	-2.275
CFFI – Investing activities	-1.586	-2.698	-5.578	-4.875
CFFF – Financing activities	0	0	4.907	0
Cash flow	1.649	-4.125	-3.837	-7.150

Attachment: Seluxit half-year report H1, 2021/22.

 

 

Contacts

• Daniel Lux, CEO, Seluxit, [phone], [e-mail]
• John Norden, Certified Advisor, Norden CEF, [phone], [e-mail]

About Seluxit

Seluxit connects things to the internet to optimize systems, save resources and save money. That makes sense for the economy, for the environment and for society.

Seluxit’s unique standards-based approach to IoT reduces development time and development costs, and thereby minimizes risks.That gives our customers a fast path to both saving and earning money, because their solution enters the market quickly.

Our end-to-end IoT solutions create value in many ways including optimizing energy usage, improving service efficiency, and allowing for more effective training.

Attachments

• Download announcement as PDF.pdf
• Seluxit Halvårsrapport - H1 2021-22.pdf

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