Clean Industry Solutions Holding Europe AB: Quarterly Report July-September 2022
Q3 from 01.07.2022 to 30.09.2022 (01.07.2021 to 30.09.2021), 01-09 from 01.01.2022 to 30.09.2022 (01.01.2021 to 30.09.2021), FY from 01.01.2021 to 31.12.2021
The report can be found here: https://cleanindustrysolutions.com/en/investor-relations/financial-reports/
| CISH AB Group RESULTS IN BRIEF | in TSEK |
2022 Q3 |
2021 Q3 |
Diff. in % | 2022 01-09 |
2021 01-09 |
Diff. in % | 2021 FY |
||||||
| Sales | 986 | 794 | +24.2 | 4,727 | 1,173 | +302.8 | 2,180 | ||||||
| Increase in finished goods, inventories and wip | 502 | 1,519 | -66.9 | -1,218 | 1,512 | - | 1,163 | ||||||
| Other own work capitalized | 0 | 0 | - | 0 | 0 | - | 0 | ||||||
| Income | 1,488 | 2,313 | -35.7 | 3,508 | 2,686 | +30.6 | 3,344 | ||||||
| Other operating income | 2,488 | 1,785 | +39.4 | 6,836 | 4,926 | +38.8 | 7,220 | ||||||
| Operating Income | 3,976 | 4,098 | -3.0 | 10,344 | 7,612 | +35.9 | 10,564 | ||||||
| Cost of Sales | -1,095 | -729 | +50.1 | -3,227 | -1,363 | +136.8 | -1,716 | ||||||
| Personnel Costs | -5,014 | -3,111 | +61.2 | -14,391 | -10,552 | +36.4 | -15,547 | ||||||
| Other external expenses | -1,249 | -2,533 | -50.7 | -4,273 | -5,193 | -17.7 | -6,438 | ||||||
| Other operating expenses | -70 | -1 | >+999 | -81 | -50 | +61.6 | -75 | ||||||
| Depreciation | -168 | -201 | -16.4 | -627 | -614 | +2.0 | -848 | ||||||
| Operating Costs | -7,595 | -6,574 | +15.5 | -22,599 | -17,772 | +27.2 | -24,624 | ||||||
| Operating result (EBIT) | -3,619 | -2,477 | -46.1 | -12,254 | -10,160 | -20.6 | -14,060 | ||||||
| Financial result | -10 | -32 | +68.9 | -22 | -28 | +23.6 | -84 | ||||||
| Profit (+) / loss (-) after financial items | -3,629 | -2,508 | -44.7 | -12,276 | -10,188 | -20.5 | -14,144 | ||||||
| Taxes | -1 | 1 | - | 888 | -1 | - | -1 | ||||||
| Profit (+) / loss (-) after taxes | -3,629 | -2,508 | -44.7 | -11,388 | -10,189 | -11.8 | -14,145 | ||||||
| Number of Shares | 15,313,792 | 12,188,792 | +25.6 | 15,313,792 | 12,188,792 | +25.6 | 15,313,792 | ||||||
| Result per share amounted (in SEK) | -0.2370 | -0.2058 | -15.2 | -0.7437 | -0.8359 | +11.0 | -0,9237 | ||||||
| Number of Shares after dilution | 15,313,792 | 12,188,792 | +25.6 | 15,313,792 | 12,188,792 | +25.6 | 15,313,792 | ||||||
| Result per share amounted (in SEK) | -0.2370 | -0.2058 | -15.2 | -0.7437 | -0.8359 | +11.0 | -0,9237 | ||||||
| Average Number of outstanding Shares | 15,313,792 | 12,188,792 | +25.6 | 15,313,792 | 9,892,644 | +54.8 | 13,751,292 | ||||||
| Result per share amounted (in SEK) | -0.2370 | -0.2058 | -15.2 | -0.7437 | -1.0299 | +27.8 | -1,0286 | ||||||
| Cash available end of period | 3,846 | 7,472 | -48.5 | 3,846 | 7,472 | -48.5 | 7,472 | ||||||
| CISH AB Group RESULTS IN BRIEF | in TSEK |
2022 Q3 |
2021 Q3 |
Diff. in % | 2022 | 2021 | Diff. in % | 2021 FY |
||||||
| Operating Income | 3,976 | 4,098 | -3.0 | 10,344 | 7,612 | +35.9 | 10,564 | ||||||
| Operating Costs | -7,595 | -6,574 | +15.5 | -22,599 | -17,772 | +27.2 | -24,624 | ||||||
| Profit (+) / loss (-) after taxes | -3,629 | -2,508 | -44.7 | -11,388 | -10,189 | -11.8 | -14,145 |
Significant events during the reporting period
- Industrial Solar Awarded €310K for Artificial Intelligence Project for Solar Energy Systems
- Industrial Solar to Reduce Carbon Footprint in Fashion Industry
- Industrial Solar and badenovaWÄRMEPLUS Cooperate to Accelerate Energy Transition
- SolarSpring Receives Grant Award for EU Funded Project to Implement Membrane Distillation in Industrial Processes
- Industrial Solar Receives Order for Photovoltaic Fence at Hydro Extrusion Offenburg GmbH
- SolarSpring receives a second EU grant award for testing and implementation of surface modified membrane materials in industrial wastewater treatment
- Industrial Solar GmbH signs Cooperation Agreement with Libyan Partners
- Industrial Solar receives 895 kEUR Order for Photovoltaic System from Losan Pharma
- Industrial Solar to install Photovoltaic System for f.q.b. gGmbH
- Clean Industry Solutions Holding Europe AB (publ) carries out a rights issue of units of approximately SEK 23 million
Significant events after the reporting period
- High customer satisfaction with Industrial Solar’s Fresnel technology
- SolarSpring to Reduce CO2 Emissions and Recover Resources at Wastewater Treatment Plants with Smart Membrane Technology
- Clean Industry Solutions Holding Europe AB (publ) presents at Aktieportföljen Live
- Industrial Solar signs Letter of Commitment for a project with an order value of approx. EUR 5 million
- SolarSpring Announces Partnership for Membrane Distillation Module Production
- Clean Industry Solutions Holding Europe AB (publ) announces outcome of the rights issue
Comments from the CEO Christian Zahler
First and foremost, I would like to take the opportunity and thank every shareholder who participated in our rights issue that we conducted in October. Your stake supports the growth and development of our company. It gives us a boost to implement our technologies in more parts of the world to accelerate carbon emission reduction – which is of utmost importance if we look back at the last summer months with soaring temperatures and heat records of up to 40°C in Germany, where our subsidiaries are located.
At the same time, those circumstances have a positive impact on Industrial Solar’s order pipeline. The subsidiary received two large-scale orders for photovoltaic (PV) installations, one being a PV fence at Hydro Rein Energy Solutions Germany GmbH’s site in Offenburg/Germany, and the second one for three rooftop installations for Losan Pharma, also in Southern Germany.
Both subsidiaries, Industrial Solar and SolarSpring, could also secure further public funding: SolarSpring won two grant agreements for European R&D projects and Industrial Solar one for a nationally-funded R&D project on artificial intelligence.
Rapid rethink gains in importance on the political and social level and this development is also reflected in the 302% year-on-year increase in our revenue in the first nine months of 2022. We see good prospects for the company's positive momentum to continue.
This disclosure contains information that Clean Industry Solutions Holding Europe is obliged to make public pursuant to the EU Market Abuse Regulation (EU nr 596/2014). The information was submitted for publication, through the agency of the contact person, on 25-11-2022 08:45 CET.