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CLIME B Climeon AB (publ) News Story

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Sweden's Climeon Q1 sales rise

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: ID:nMFN4hJwxJ

Key Details

MetricBeat/MissActualConsensus Estimate
Q1 SalesSEK 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 reuters.support@thomsonreuters.com. (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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