Sweden's Climeon Q1 sales rise

About this update from Climeon Ab Class B

OverviewSweden energy technology firm's Q1 net sales rose yr/yr, but no new orders bookedCompany posted Q1 operating loss and negative EPS, with order backlog down from prior yearClimeon raised SEK 23 mln in directed share issue to strengthen financial positionResult DriversINCREASED CUSTOMER INQUIRIES - Co said rising electricity and fuel costs, especially in Europe, led to more inquiries from industrial and marine customersCOST EFFICIENCY INITIATIVES - Co said ongoing reviews of system components and in-house production aim to improve cost efficiency and marginsCompany press release:Key DetailsMetricBeat/MissActualConsensus EstimateQ1 SalesSEK 6.60 mlnQ1 Adjusted EPS-SEK 0.46Q1 Cash Flow From Operating Activities-SEK 12.40 mlnQ1 Operating Profit-SEK 23.70 mlnFor questions concerning the data in this report, contact [email protected]. For any other questions or feedback, contact .

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