Overview
Sweden energy technology firm's Q1 net sales rose yr/yr, but no new orders booked
Company posted Q1 operating loss and negative EPS, with order backlog down from prior year
Climeon raised SEK 23 mln in directed share issue to strengthen financial position
Result Drivers
INCREASED CUSTOMER INQUIRIES - Co said rising electricity and fuel costs, especially in Europe, led to more inquiries from industrial and marine customers
COST EFFICIENCY INITIATIVES - Co said ongoing reviews of system components and in-house production aim to improve cost efficiency and margins
Company press release:
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
SEK 6.60 mln
Q1 Adjusted EPS
-SEK 0.46
Q1 Cash Flow From Operating Activities
-SEK 12.40 mln
Q1 Operating Profit
-SEK 23.70 mln
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact .