Sweden's SaltX Q1 net sales jump

About this update from Saltx Technology Holding Ab Class B

OverviewSweden greentech firm's Q1 net sales rose sharply yr/yrCompany reported continued operating loss and negative operating cash flow for Q1SaltX and Holcim achieved breakthrough producing cement clinker in fully electrified processOutlookSaltX did not provide specific guidance for the current quarter or full yearResult DriversELECTRIFIED CEMENT BREAKTHROUGH - SaltX and Holcim produced Portland-quality cement clinker in a fully electrified process, which the company called a major breakthroughFUNDING AGREEMENTS - SaltX received MSEK 110 through a rights issue and entered an agreement with Frontier for USD 1.5 mln in funding for permanent carbon removal technology developmentCompany press release:Key DetailsMetricBeat/MissActualConsensus EstimateQ1 SalesSEK 7.90 mlnSEK 10 mln (1 Analyst)Q1 Adjusted EPS-SEK 0.10Q1 EBIT-SEK 23 mlnQ1 Operating Cash Flow-SEK 16.10 mlnAnalyst CoverageWall Street's median 12-month price target for SaltX Technology Holding AB (publ) is SEK5.75, about 5.3% above its May 4 closing price of SEK5.46For questions concerning the data in this report, contact [email protected]. For any other questions or feedback, contact .

View stock analysis, news, and events for Saltx Technology Holding Ab Class B