Brief: Climeon Q2 Operating Loss At SEK 36.4 Million

Climeon AB (publ)

18/08/2020 07:08

Aug 18 (Reuters) - Climeon AB (publ)  CLIMEb.ST :
    * INTERIM REPORT FOR THE PERIOD JANUARY 1 - JUNE 30, 2020
    * Q2 ORDER INTAKE SEK 40.9 MILLION VERSUS SEK 24.5 MILLION
YEAR
AGO
    * Q2 NET SALES SEK 15.6 MILLION VERSUS SEK 23.9 MILLION YEAR
AGO
    * Q2 OPERATING LOSS SEK 36.4 MILLION VERSUS LOSS SEK 33.7
MILLION
YEAR AGO
    * IN ICELAND, TRAVEL RESTRICTIONS AND DELAYED TRANSPORTS
HAVE
AFFECTED OUR INSTALLATION WORK DURING QUARTER, WHICH IS WHY TWO
POWER PLANTS THAT WERE PLANNED FOR COMMISSIONING THIS SUMMER
HAVE BEEN DELAYED
    * INSTALLATION WORK ON MAERSK'S VESSEL, ON OTHER HAND, IS
STILL
DELAYED DUE TO NO ONE BEING ALLOWED ONBOARD; WE THEREFORE SEE A
RISK THAT COMMISSIONING WILL BE POSTPONED OVER TURN OF YEAR
    * DEMAND WITHIN GEOTHERMAL IS STILL VERY HIGH AND LARGELY
UNAFFECTED BY PANDEMIC

Source text for Eikon:  ID:nWkr82kRsw 
Further company coverage:  CLIMEb.ST 

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