CEO comment:

– The world has experienced a dizzying quarter and I am proud that our subsidiaries deliver such strong growth. Soltech is in an expansive phase and I look forward to building on our group and delivering value to our owners.

Second quarter in brief

▪ The Group's revenues in the quarter amounted to SEK 156.1 (92.3) million. An increase of 69%
▪ Revenues in the Swedish operations grew to SEK 109.1 (63.8) million, an increase of 71%
▪ The Group's profit before depreciation (EBITDA) amounted to SEK 49.7 (18.4) million.
    An increase of 170%
▪ The Group's operating profit (EBIT) amounted to SEK 35.6 (11.5) million. An increase of 210%
▪ Profit for the period after tax amounted to SEK -37 (-3) million. The result was affected by   
   unrealized exchange rate differences in the Chinese operations by SEK -38.5 (-0.0) million
▪ The period's cash flow for the Group amounted to SEK 69.4 (-13.6) million
▪ Earnings per share amounted to -0.65 (-0.17)
▪ Covid-19 is not expected to have a significant impact on Swedish operations in the second
   quarter. The main impact in the Swedish operations is that projects are pushed forward and
   that it takes longer to reach a decision. Despite this, Soltech had a very good order intake
   during the quarter, which contributes to the increased sales compared with the corresponding
   period last year.
▪ Operations in China returned to a normal level during the quarter, where all installed capacity
   of 143 MW now generates revenue as expected. However, revenues were negatively affected
   in the period by approximately SEK 5 million due to temporary price reductions on electricity in
   combination with a small part of the production facilities being closed until the end of May.
   This is a direct result of Covid-19.

First half year in summary

▪ Total operating income amounted to SEK 209 M (148.7). One increase by 40%
▪ The Group's operating profit before depreciation (EBITDA) amounted to SEK 48.4 (38.2)
   million. An increase of 26%
▪ The Group's operating profit (EBIT) amounted to SEK 20.8 (22.3) million. A reduction of 6%
▪ Profit for the period after financial items, currency effects and tax amounted to SEK -42.5
   (-12.6) million

Significant events during the period

▪ On May 4, Soltech took over as owner of 70% of Fasadsystem in Stenkullen AB
▪ Soltech becomes the official sponsor of the Swedish investment in Expo 2020 in Dubai
▪ Over SEK 80 million in order value at Soltech's subsidiaries in April-May despite Covid-19
   pandemic
▪ Soltech's subsidiary Advanced Soltech Sweden AB (publ) directed offer of up to SEK 100
   million under the existing bond framework oversubscribed
▪ Soltech's subsidiary Advanced Soltech signs a cooperation agreement that, when fully
   developed, provides just over SEK 31 million per year and takes orders of SEK 30.4 million
▪ Soltech Energy Sweden AB (publ) option program (2015/2020), which was established in 2015
   before listing of the Company's shares on Nasdaq First North, has to the extent allotted and
   subscribed, been redeemed by the holders
▪ Anna Kinberg Batra was elected by the Annual General Meeting as the new
   Chairman of the Board
▪ Max Metelius is appointed CEO and Frederic Telander Chairman of Advanced Soltech
   as of June 24

Significant events after the reporting period

▪ Advanced Soltechs ASRE receives two new orders that provide a total of approximately
   SEK 130 million during the contract period
▪ Soltech Energy Sweden AB (publ) announces rights issue of SEK 98 million with possible
   overallotment issue of a maximum of 46 to finance continued expansion through acquisitions
   and to develop existing subsidiaries

For more information contact:

Stefan Ölander, CEO Soltech Energy Sweden AB (publ) Tel: 070-739 80 00.
Email: stefan.olander@soltechenergy.com.

The information in this press release is such that Soltech Energy Sweden AB (publ) must publish in accordance with EU regulation no. 596/2014 on market abuse. The information was submitted through the above contact person for publication on 21 August 2020 at 13.00 CET.

About Soltech Energy Sweden AB (publ)

Soltech is a complete supplier that develops, sells, installs and optimizes solar energy solutions for our customers' needs. The group includes the subsidiaries Advanced Soltech Sweden AB (publ) where the Chinese investment is conducted, Soltech Sales & Support, NP-Gruppen, Swede Energy Power Solutions, Merasol, Soldags, Takorama and Fasadsystem. Soltech Energy Sweden AB (publ), is traded on the Nasdaq First North Growth Market under the short name SOLT and has approximately 34,000 shareholders. The company's Certified Adviser is Erik Penser Bank. Phone: 08-463 83 00. Email: certifiedadviser@penser.se. For more information see: www.soltechenergy.com

Release

The adjustments are mainly related to a different assessment of when the controlling influence will take place and thus from what point in time the result of the acquired company should be included in the Soltech group.

The background is the Chinese subsidiary, Advanced Soltech Renewable Energy Hangzhou Co. Ltd. “ASRE”, acquisition of a portfolio of solar power plants equivalent to 21.4 MW. The revenues received and also credited to the Group have been consolidated in the Group's accounts from January 2019 in previously published financial reports. The acquisition was registered by Chinese authorities in May 2019.

In 2019, ASRE auditor switched from a local auditor to the group auditor PwC and in conjunction with the audit of the 2019 financial year, an analysis of the current acquisition was carried out together with PwC, whereby it has been established that the controlling influence for the acquired company takes place in May 2019 when the relevant authorities in China have finally registered the share transfer. This has led to a change in the Group's income statements and balance sheets, the most important of which are: Total income decreases by TSEK 20,383 to TSEK 303,550. Operating profit before depreciation, EBITDA decreased by TSEK 22,816 to TSEK 65,434 and operating profit, EBIT decreased by TSEK 24,268 to TSEK 24,843. Profit for the year after tax decreased by TSEK 12,577 to TSEK 45,778. Earnings per share decreased by SEK 0.37 to SEK -0.84.

The uncertainty regarding the accounting treatment of the acquired solar energy portfolio in China is now managed and no further future adjustments or effects are to be expected.

The annual report, as well as the auditor's report, can be read on the Company's website via this link: https://soltechenergy.com/investerare/finansiella-rapporter-kalender/

For more information contact:

Stefan Ölander, CEO Soltech Energy Sweden AB (publ) Tel: 070-739 80 00. Email:stefan.olander@soltechenergy.com or Niclas Lundin, CFO. Phone: 072-071 03 09. Email:niclas.lundin@soltechenergy.com

About Soltech Energy Sweden AB (publ)Soltech is a comprehensive supplier that develops, sells, installs and optimizes solar energy solutions for our customers' needs. The Group includes the subsidiaries Advanced Soltech Sweden AB (publ) where the Chinese venture is conducted, Soltech Sales & Support, NP Group, Swede Energy Power Solutions, MeraSol, Soldags, Takorama and Facade Systems. Soltech Energy Sweden AB (publ), is traded on the Nasdaq First North Growth Market under the short name SOLT and has approximately 33,000 shareholders. The company's Certified Adviser is Erik Penser Bank. Phone: 08-463 83 00. Email: certifiedadviser@penser.se. For more information see: www.soltechenergy.com

Release

First quarter in brief:

• Consolidated revenues amounted to SEK 52.8 M (56.4). A decrease of -6.3%

• Swedish operations increased to SEK 37.8 M (30.9), an increase of 22.4%

• The reported sales in the Chinese operations are lower for the quarter compared to the quarters 1 – 2019, partly as consequence of changed accounting principles (see note 2) and the impact of the Covid-19 pandemic

• Profit for the period after tax amounted to SEK -5.5 M (-9.5)

• Covid-19 affected the Swedish operations to a limited extent in the first quarter. Operations are mainly affected by the fact that projects are pushed forward in time, which is driven by a lower level of customer activity.

• The Group has had a good order intake during the quarter

Significant events during the period

• On January 2, Soltech took ownership of 100 percent of the shares in Soldags i Sverige AB and 60 percent of the shares in Merasol AB

• On March 2, Soltech took ownership of 70 percent of the shares in Takorama AB

• The subsidiary Swede Energy takes an order from Castellum at the Nordic region’s largest roof-based solar plant to date with an order value of approximately SEK 20 million

• Two new key people took up their positions: Niclas Lundin as CFO and
Josefin Sollander as Head of Communications

• Advanced Soltech Sweden AB (“ASAB”) plans to issue green bonds together with Nordea and DNB and the planned special listing of the shares together with Carnegie and DNB are postponed in the future due to the Covid-19 and the uncertainties this has caused in the financial markets.

• Advanced Soltech Renewable Energy (Hangzhou) Co. Ltd. (“ASRE”) signs a new cooperation agreement with Rural Credit Cooperative in the Hebi Province, which when fully expanded, is expected to generate approximately SEK 363 million in revenue during the contract period

Significant events after the reporting period

• On May 2, Soltech will take ownership of 70 percent of the shares in the facade system in Stenkullen AB

CEO comments:

– I am proud of how the Group has handled the current market situation. Despite a more or less paralysed economy due to the Covid-19 pandemic, our subsidiaries deliver good business. In addition, we succeeded in four new acquisitions in Sweden and negotiate, as planned, with additional companies. I can promise that all employees within the Group work hard to deliver quality to our customers, contribute to society working towards the 2030 climate goals and to give our 33,000 shareholders a good return on investment.

For further information contact:

Stefan Ölander, CEO Soltech Energy Sweden AB (publ) Tel: 070-739 80 00.
Email: stefan.olander@soltechenergy.com.

The information in this press release is such that Soltech Energy Sweden AB (publ) is to publish in accordance with EU Regulation No 596/2014 on market abuse. The information was provided through the above contact person’s publication for publication on May 7, 2020 at. 13.00 CET.

About Soltech Energy Sweden AB (publ)

Soltech is a comprehensive supplier that develops, sells, installs and optimizes solar energy solutions for our customers’ needs. The group includes the subsidiaries Advanced Soltech Sweden AB (publ) where the Chinese venture is conducted, Soltech Sales & Support, NP-Group, Swede Energy Power Solutions, Merasol, Soldags, Takorama and Fasadsystem. Soltech Energy Sweden AB (publ), is traded on the Nasdaq First North Growth Market under the short name SOLT and has approximately 33,000 shareholders. The company’s Certified Adviser is Erik Penser Bank. Phone: 08-463 83 00. Email: certifiedadviser@penser.se. For more information see: www.soltechenergy.com

Release

January – december 2019

• Consolidated revenues amounted to MSEK 324 (53.7), an increase of 503%.

• The Swedish part of the business increased to SEK 201.4 (11.3) million, an increase of 1,682%.

• Chinese part1 increased sales to SEK 122.6 (48.8) million, an increase of 151%.

• Consolidated operating profit (EBIT) amounted to SEK 49.1 (5.2) million.

• Consolidated earnings before depreciation (EBITDA) amounted to SEK 88.25 (17.6) million.

• Consolidated profit after tax amounted to SEK -33.2 (-15.4) million. Adjusted for one-off and restructuring costs, the result was SEK -25.8 million.

• The Parent Company's net sales amounted to SEK 9.65 M (11.3). Including sales within the Group and other revenues, revenue amounted to SEK 17.2 M (14.3).

• Earnings per share amounted to SEK -0.61 (-0.4).

• Cash flow amounted to SEK 55.3 (1.6) million.

Fourth quarter 2019

• Net sales amounted to SEK 90.7 (18.2) million.
• Operating profit (EBIT) for the period amounted to SEK 10.9 (5.6) million.
• Cash flow for the period amounted to SEK 8.8 million.

After the end of the reporting period

• Acquisition of majority stake in Merasol AB. A B2B solar energy company based in Gothenburg.

• Acquisition of Soldags i Sverige AB. A sales company aimed at the private market.

• Acquisition of majority stake in Takorama AB. A roofing company with solar ambitions and based in Ljungskile.

• Castellum and HSB place orders worth a total of SEK 23.5 million to the subsidiaries Swede Energy and Merasol.

• Niclas Lundin is appointed new CFO and will take office on 25 March 2020.

• ASRE signs cooperation agreement with Rural Credit Cooperation in Hebi Province, which fully expanded during the contract period is expected to yield just over SEK 366 million during the contract period.

• ASRE signs agreements on two major transactions that are expected to yield SEK 77.4 million during the contract period.

• ASAB postpones planned bond issue with Nordea and DNB due to Covid19.

Read the full year-end report as an appendix or via link: https://soltechenergy.com/investerare/finansiella-rapporter-kalender/

For more information contact:
Stefan Ölander, CEO Soltech Energy Sweden AB (publ) Tel: 070-739 80 00. E-post: stefan.olander@soltechenergy.com.

Information in this press release is such that Soltech Energy Sweden AB (publ) will publish according to EU work no. 596/2014 on market abuse. The information was provided through the above contact person's insurance for publication on February 27, 2020 at. 11.00 CET..

Words from the CEO

Dear shareholders and investors!

We are a growing company with big goals
We are a pronounced growth company and compared to 2018 we deliver 503 percent growth at group level and 1 682 percent growth if we only look at the Swedish operations. But we still do not show profit on the last line. A big reason for this is that we have large one-off costs to build the right platform for our expansion. We must invest to build a base that will meet our lofty goals. Another strong contributing reason is that we have too high costs to raise capital for our operations in China and then high current interest costs. When we have clearly built our platform for the future and when we have succeeded in reducing funding costs, the result will be better. When we then add an increased business volume as well as increased synergy effects within the Group, we believe in a good result going forward.

Double share price and number of shareholders.

When we summarize 2019, it is without a doubt our most exciting year ever. It is gratifying to all shareholders that our share price more than doubled during the year. We are also really proud of the confidence all our new shareholders have given us. In 2019, the number of shareholders has increased from around 15,000 to about 32,000. For our owners, we have shown strong growth in our business in China during the year and not least a good result of our acquisition strategy in Sweden.

The solar energy market is unique

Few people are able to work in an industry that in Sweden is expected to double every year. Even in the global perspective, annual growth is good and amounts to about 20 percent. That we also work in the solar energy industry that does good for the world's climate is really what makes us fight further to achieve our goals. We at Soltech, just like our shareholders, want to get a good return on our investment and at the same time do good for the climate.

The solar energy market is in a build-up phase and with many companies selling standard panels, prices are being squeezed which reduces margins. In the standard panel segment, we are investing in volume to continue to be one of the largest on the market. As the crown of the work, we have our building-integrated ceilings and wall panels where we have a better margin. Here we work, among other things, with Vattenfall as a partner.

A combination of standards and our integrated panels will pave the way for good future profitability. In the fall of 2019, we announced our goal of reaching SEK 4.7 billion in sales within five years (2024). It is an aggressive target but fully achievable with our stated acquisition strategy, strong organic growth, our own building-integrated products and a rapidly growing market in Sweden and internationally.

Soltech has always been a company with many small shareholders and it is something we are proud of and cherish. At the same time, it would be a strength message to have a number of institutional investors in the ownership circle. Since the fall of 2019, we have noticed an increased interest from this group both at home, but also from international investors. In line with this, we will examine different sources of funding during the year to create the conditions to achieve our expansion goals.

The acquisition strategy resulted in five new subsidiaries

In late autumn 2018, we launched our acquisition strategy to create a stronger platform of business in Sweden. Both for our own aesthetic and building-integrated products, but also for taking part of the large market for standard surface-mounted solar cells. During quarter one, we acquired the majority of Nyedal Solar Energy, NP Group and Swede Energy. With the help of our successful rights issue in May / June 2019, we continued our work and in September we acquired the remaining 49 percent of Nyedal Solar Energy. Just before Christmas we acquired Soldags and Merasol, where we will take over as owner on January 2, 2020. We begin the 2020 acquisition by presenting on February 25, the acquisition of 70 percent of Takorama AB.

The transformation of traditional industries is changing society

We are driven by doing good business that contributes to a good environment. Being part of and transforming traditional industries is a new dimension that we started with during the year. It is a great satisfaction for us and for the employees of traditional roofing companies, facade companies, electricians and others. to develop their companies in a more environmentally oriented way. With Soltech's financial and knowledge-based support, these companies become sustainable future companies by adding solar energy solutions to their offering. With this strategy, we really change society. Takorama is the first example of this year.

Our business in China

Advanced Soltech, which issues green bonds in Sweden to finance the expansion of solar power plants in China, has grown from 91 megawatts (MW) to 139 MW per year-end 2019. Our new growth plan for a gigawatt (GW) fully connected to the grid in 2024 is firm.

This corresponds roughly to the effect of a nuclear reactor in Forsmark. Regarding the outbreak of the Coronavirus, it is our assessment at present that it will affect Advanced to a limited extent.

Listing of Advanced Soltech (ASAB)

To assist with the planned listing of ASAB on the Nasdaq First North Growth Market during the first half of 2020, ASAB has mandated Carnegie Investment Bank and DNB Markets as advisors. The listing
process is ongoing and follows the plan. All shareholders in Soltech will be informed in good time of the listing by letter.

New graphic profile and website

In December, the parent company changed its graphic profile at the same time as a new modern website was launched. Our strategy is for this new profile to be used by all subsidiaries in the Group, but these will retain their existing names. With a common graphic profile we create a stronger brand awareness which benefits us in both sales and recruitment work.

We are facing the big breakthrough

We have come a bit into this exciting year and the plan is to expand greatly in a market that is really facing its breakthrough. We have the drive, resources, products and timing on our site. Welcome to follow along on the journey.

Sincerely,

Stefan Ölander, CEO

About Soltech Energy Sweden AB (publ) 

Soltech is a comprehensive supplier that develops, sells, installs and optimizes solar energy solutions for our customers' needs. The group includes the subsidiaries Advanced Soltech Sweden AB (publ) where the Chinese venture is conducted, Soltech Sales & Support, NP Group, Swede Energy Power Solutions, Merasol, Soldags and Takorama. Soltech Energy Sweden AB (publ), is traded on Nasdaq First North Growth Market under the short name SOLT and has approximately 32,000 shareholders. The company's Certified Adviser is Erik Penser Bank. Phone: 08-463 83 00. Email: certifiedadviser@penser.se. For more information see: www.soltechenergy.com

Release

SolTech Energy is delivering another strong quarter with operating revenues of SEK 87.3 million (18.2 million) and earnings (EBIT) of SEK 15.9 million (5.6) and with an EBITDA of SEK 30 million (9.3). Revenue is 380 percent higher than quarter 3, 2018, which is largely due to our three acquisitions during quarter 1, 2019 and increased business volume in our Chinese operations.

Strong quarter for SolTech:

• Total operating income, including ongoing work, amounted to SEK 87.3 (18.2) million.
• Consolidated operating profit (EBIT) amounted to SEK 15.9 (5.6) million
• Operating profit before depreciation (EBITDA) SEK 30 (9.3) million
• Profit for the period after financial items and tax was SEK 6.4 (-2) million
• Cash flow for the period was SEK -76.3 million
• Earnings per share amounted to SEK 0.13 (0.07)
• Adjusted for currency effects on foreign leases, the result was -3.5 (-7.5)

Period January 1 – September 30, 2019

• Total operating income amounted to SEK 236 M (51). An increase of 360 percent
• Consolidated operating profit (EBIT) amounted to SEK 38.2 (1.8) million
• Operating profit before depreciation (EBITDA) SEK 68.6 (8.6) million
• Profit for the period after financial items and tax was SEK -6.2 M (-8.3). Adjusted for currency effects on foreign leases, the result was -11.3 (-17.3)

Significant events

• Acquisition of the remaining 49 percent in Nyedal Solenergi, which is renamed Soltech Sales & Support AB and takes over responsibility for products, sales and support
• Continued strong expansion and growth in China
• The subsidiary, ASAB, now owns 100% of the shares in the Chinese portfolio company ASRE
• Advanced SolTech appointed Carnegie Investment Bank and DNB Markets as advisors at the planned listing on Nasdaq First North Growth Market, which is scheduled to take place during the first half of 2020

Significant events after the reporting period

• On October 16, SolTechs ASRE announced its second largest order to date of 12 megawatts in China. Customer is Zhejiang GuXianDao Polyester Dope Dyed Yarn Co. Ltd. and revenues during the 20-year contract period are estimated at approximately SEK 217.6 million
• New growth plan in China with planned expansion from 605 MW, 2021 to 1,000 MW, 2023

CEO comment:

– Our third quarter shows strength in both Sweden and China. Our subsidiaries have good business acumen and the interest in being part of our group is growing. We look forward to a good fourth quarter, where we reach our goal of SEK 300 million in operating income for the year, and not least an exciting and successful 2020.

The interim report is available at https://www.soltechenergy.com/en/investors/financial-reports/

For more information contact: Stefan Ölander, CEO SolTech Energy Sweden AB (publ) Tel: 070-739 80 00. E-mail: stefan.olander@soltechenergy.com

The information in this press release is such that SolTech Energy Sweden AB (publ) is to publish in accordance with EU Regulation No 596/2014 on market abuse. The information was provided through the above contact person’s publication for publication on October 24, 2019 at. 14:15 CET.

About SolTech Energy

SolTech Energy develops and sells aesthetic and building-integrated solar energy products for all types of properties – commercial, public and villas. The products are part of an exterior shell of a property in the form of a roof or a wall with integrated solar cells for the production of electricity. The Group also conducts operations in China where the business model consists of financing, owning and operating solar power plants on customers’ roofs and selling all electricity produced. The Group also includes the subsidiaries Soltech Sales & Support, NP-Gruppen and Swede Energy and the jointly owned companies ASAB in Sweden and ASRE in China. SolTech Energy Sweden AB (publ), is traded on Nasdaq First North Growth Market under the short name SOLT and has approximately 31,000 shareholders. Company Certified Adviser Erik Penser Bank Phone: 08-463 83 Email: certifiedadviser@penser.se. More info at: www.soltechenergy.com

Second quarter for Advanced Soltech

• Profit for the period after tax amounted to TSEK 228 (4,409).
• Net financial items amounted to TSEK 4,900 (7,680).
• Cash flow for the period amounted to TSEK -1,042 (6,743) *
• The balance sheet total amounted to TSEK 664,801 (222,294).

* Cash flow is continuously affected by the inclusion of long-term liabilities and investments in the portfolio company (ASRE) and can vary greatly between individual quarters.
The next report is expected to be submitted in connection with SolTech’s report for the third quarter of 2019, October 24.

First and second quarter in summary, period 1 january-30 june 2019

• Profit after tax amounted to TSEK 6,346 (6,685) in the first half of 2019 in the first half of the year.
• The balance sheet total as of 2019-06-30 amounts to TSEK 664,801 (222,294), of which SEK 627,287 is loans and investments in ASRE.
• During the first half of the year, green bonds corresponding to a total of SEK 280 million were issued. The capital has been used to partially finance the acquisition of a commissioned solar energy portfolio of 21.4 MW in China and to repay ASAB’s first bond loan SOLT1, which expired in June 2019.
• Installed capacity in the portfolio company ASRE as of 2019-06-30 amounts to 93.7 MW, which in a rolling 12 months is expected to generate revenue of approximately SEK 124 million.
• Work on transferring ownership of all shares in the jointly owned ASRE is continuing and is expected to be completed during the third quarter.

For more information, please contact: Max Metelius, CFO, Advanced SolTech Sweden AB (publ)
Tel: 08-425 010 53. E-mail: max.metelius@advancedsoltech.com

The information in this press release is such that SolTech Energy Sweden AB (publ) is to publish in accordance with EU Regulation No 596/2014 on market abuse. The information was provided through the above contact person’s publication for publication on August 22, 2019 at. 10.00 CEST.

Advanced SolTech Sweden AB (publ) – ASAB
In order to continuously finance investments in China, the SolTech Group’s parent company and its partner in China, Advanced Solar Power Hangzhou Inc., have formed ASAB. ASAB’s business consists of lending to Group companies to finance solar power plants in China that are owned and continuously maintained by ASRE or its wholly owned local subsidiaries. As collateral for borrowed funds, collateral is obtained in underlying assets (solar power plants and accounts receivable). The company’s Certified Adviser is Mangold Fondkommission AB, telephone number +46 8 5030 1550. E-mail: ca@mangold.se More info at www.advancedsoltech.com

About SolTech Energy Sweden AB (publ)
SolTech Energy develops and sells aesthetic and building-integrated solar energy products for all types of properties – commercial, public and villas. The products are part of an exterior shell of a property in the form of a roof or a wall with integrated solar cells. The group includes the subsidiaries Nyedal Solenergi, NP-Gruppen and Swede Energy Power Solutions. SolTech Energy Sweden AB (publ), is traded on First North at Nasdaq Stockholm under the short name SOLT and has about 28,000 shareholders. The company’s Certified Adviser is Erik Penser Bank Phone: 08-463 83 00. Email: certifiedadviser@penser.se. More info at: www.soltechenergy.com

About the China venture
SolTech Energy’s investment in China is conducted in Advanced SolTech Renewable Energy (Hangzhou) Co. Ltd., ASRE. The business model consists of ASRE financing, installing, owning and managing solar energy installations on customers’ roofs in China. The customer does not pay for the plant, but instead commits to purchase the electricity that the plant produces during a 20-year agreement. ASRE’s current revenue comes from the sale of electricity to customers and from various forms of subsidies per produced kilowatt hour (kWh) of solar electricity. The goal is to have an installed capacity of 605 megawatts (MW) fully connected to the electricity grid in 2022.

SolTech Energy delivers another good quarter with revenue of SEK 92.3 million (SEK 19.6 million) and earnings (EBIT) of SEK 11.4 million (0.1) and with an EBITDA of SEK 18.4 million (0.7) m. Revenue is up 371 percent higher than quarter 2, 2018, which is largely to do with our three acquisitions during quarter 1, 2019 and an increased business volume in our Chinese operations. Compared with Q1, 2019, we increase revenues by 61 percent, SEK 92.3 million (56.4).

Strong quarter for SolTech:

• Total operating income, including ongoing work, amounted to SEK 92.3 (19.6) million. An increase of 371%
• Consolidated operating profit (EBIT) amounted to SEK 11.4 (0.1) million
• Operating profit before depreciation (EBITDA) SEK 18.4 (0.7) million
• Profit for the period after financial items and tax was SEK -3 (5.1) million

Half-year figures for the period 1 January – 30 June 2019

• Total operating income amounted to SEK 148.7 M (33). An increase of 350%
• Consolidated operating profit (EBIT) amounted to SEK 22.3 (-3.8) million
• Operating profit before depreciation (EBITDA) SEK 38.2 (-0.7) million
• Profit for the period after financial items and tax was SEK -12.6 M (0.7)

Significant events

• New share issue raised SEK 100.2 million in new capital
• Continued strong expansion in China
• The bond loan SOLT1 repaid on the due date

Significant events after the reporting period
SolTech’s ASRE in China has signed four different agreements totaling 15.7 megawatts, which will yield about SEK 287 million during the term of the agreement for 20 years.

CEO comment:
– I am very pleased with our second quarter. We are starting to show better and better numbers and we are facing the challenge of taking more than our share of the growing solar energy market. Doing good for the environment while building value for all our shareholders is what drives us.

For more information contact: Stefan Ölander, CEO SolTech Energy Sweden AB (publ)
Tel: 070-739 80 00. Email: stefan.olander@soltechenergy.com

The information in this press release is such that SolTech Energy Sweden AB (publ) is to publish in accordance with EU Regulation No 596/2014 on market abuse. The information was provided through the above contact person’s publication for publication on August 22, 2019 at. 07:15 CET.

About SolTech Energy Sweden AB (publ)
SolTech Energy develops and sells aesthetic and building-integrated solar energy products for all types of properties – commercial, public and villas. The products are part of an exterior shell of a property in the form of a roof or a wall with integrated solar cells for the production of electricity. The group includes the subsidiaries Nyedal Solenergi, NP-Gruppen and Swede Energy Power Solutions. SolTech Energy Sweden AB (publ), is traded on First North at Nasdaq Stockholm under the short name SOLT and has about 28,000 shareholders. The company’s Certified Adviser is Erik Penser Bank Phone: 08-463 83 00. Email: certifiedadviser@penser.se. More info at: www.soltechenergy.com

Strong half-year for SolTech:

• Net sales amounted to 33.4 (vs. 22) MSEK, an increase of 52% as compared with the same period the previous year.
• The concern’s result amounted to 681 KSEK (-11,065 KSEK). Included in these figures are entries of a one-off, non-recurring nature totaling 2.3 MSEK, as well as currency exchange adjustments equivalent to 8.5 MSEK.
• The period’s operating result amounted to -3.8 (-9) MSEK; a 57% improvement as compared with the same period the previous year.
• Earnings per share amounted to -0.06 (-.36) SEK/share. Cash flow amounted to 0.6 (-28.34) MSEK.
• ASRE earnings increased to 13.9 MCNY (18.2 MSEK) – a 116% improvement as compared with the figure of 6.7 MCNY (8.4 MSEK) reported for the same period the previous year – of which 51% is consolidated in the concern.
• Wasa Rör has been a sold off entity as of March 1, 2018.

After the report period’s close:

• Continued stabile growth in China. All told, solar energy installations with a total capacity of 52.21 MW were coupled to the central network in August 2018, as compared with the 18.85 MW capacity coupled to the network at the same time point in 2017. On a rolling 12-month basis, this coupled capacity is estimated to generate approximately 70 MSEK in income annually.
• SolTech Energy’s jointly owned Chinese company ”ASRE” completes the takeover of a record 12.7 MW order placed by JiangSu YangHe Brewery with SolTech’s partner Advanced Solar Power Hangzhou Inc. Over the contract’s 20-year term, cumulative income is estimated to amount to approximately 276 MSEK.
• SolTech Energy’s Board of Directors appoints the Company’s current Chairman of the Board, Stefan Ölander, the new CEO of the Company effective as of August 31, 2018. At the same time, at the extraordinary general meeting the Board will propose that the current CEO, Frederic Telander, take over the role of Chairman of the Board of Directors, also to be effective as of August 31, 2018.
• Introduction of SolTech’s Chinese business operation on the Stock Exchange, with Advanced SolTech Sweden AB (publ.) ”ASAB” as the proposed parent company, is planned to be carried out in the late fall of 2019. This timeframe constitutes a postponement of previous information citing the second quarter of 2018, which was released earlier in a press massage.

Read the report in its entirety

For more information, please contact:
Frederic Telander, CEO SolTech Energy Sweden AB (publ.). Tel: 08-441 88 46, email: frederic.telander@soltechenergy.com

The information contained in this press release conforms to that which SolTech Energy Sweden AB (publ.) is required to make public according to the EU’s regulation 596/2014 concerning securities market abuse. Said information is furnished, via the above-cited contact person’s authorization, for publication on 24 August 2018, 09:00 CET.

SolTech Energy Sweden AB (publ.) – parent company of the SolTech concern 
SolTech Energy develops and sells building-integrated solar energy products for all forms of building structures – commercial, public and residential. The products are a part of a building’s outer shell, as a roof, wall or window, containing semi-transparent solar cells for the production of electricity that simultaneously shuts out solar heat. Soltech Energy Sweden AB (publ.) is traded on First North at Nasdaq Stockholm, under the symbol “SOLT” and has over 15,000 shareholders. Also included in the concern are its jointly owned (51%) subsidiaries ASAB in Sweden and ASRE in China. The company’s Certified Advisor is G&W Fondkommission (securities broker). For more information see: www.soltechenergy.com

Release

ASAB’s function within the SolTech concern is to finance the business operation in China, which is carried out by its fellow subsidiary Advanced SolTech Renewable Energy Hangzhou Co. Ltd. (ASRE).

The period’s result after tax amounts to 6,685 KSEK, as compared with -993 KSEK reported for the same period the previous year. The primary reason for the result improvement lies in the effect of currency exchange on receivables outstanding in Euros where their reported value is accounted for at the exchange rate applicable on the closing day of the balance sheet, as opposed to previous accounting reports that used the acquisition cost method. Total balance sheet assets amounted to 222,294 (67,731) KSEK and the company’s own assets to 11,891 (3,482) KSEK.

The next report will be presented in connection with SolTech Energy’s press release of unaudited financial statements on February 21, 2019.

The period’s result and the company’s status:

• The period’s result amounted to 6,685 (.993) KSEK.
• Net interest for the period amounted to 318 (70) KSEK.
• Cash flow amounted to 6,319 (-196) KSEK.
• Receivables for the foreign fellow subsidiary amounted to 193,545 (57,940) KSEK.
• Interest-bearing debt amounted to 191,549 (62,167) KSEK.
• Liquid funds at the period’s close amounted to 6,853 (2,286) KSEK.

Interest to bond holders has been paid, in accord with the terms of the bonds, in January and July 2018

Read the report in its entirety

For more information, please contact:
Frederic Telander, CEO Advanced SolTech Sweden AB (publ) and SolTech Energy Sweden AB (publ).  Tel: 08-441 88 46, email: frederic.telander@soltechenergy.com

The information contained in this press release conforms to that which SolTech Energy Sweden AB (publ.) is required to make public according to the EU’s regulation 596/2014 concerning securities market abuse. Said information is furnished, via the above-cited contact person’s authorization, for publication on 23 August 2018, 08:00 CET.

Advanced SolTech Sweden AB (publ.) – ASAB
For the express purpose of financing investment in China, the SolTech concern’s parent company and its partner in China, Advanced Solar Power Hangzhou Inc., have formed ASAB. ASAB’s business operation is centered on financing, either through making loans to or directly investing in the concern’s companies, solar energy installations in China that are owned and periodically serviced by ASRE or its wholly owned subsidiaries. As security for said loaned out funds, ASAB holds legal claim to underlying assets (solar energy installations and customer receivable accounts). The company’s Certified Advisor is Mangold Fondkommission AB. For more info, see: www.advancedsoltech.com.

SolTech Energy Sweden AB (publ.) – parent company of the SolTech concern 
SolTech Energy develops and sells building-integrated solar energy products for all forms of building structures – commercial, public and residential. The products are a part of a building’s outer shell, as a roof, wall or window, containing semi-transparent solar cells for the production of electricity that simultaneously shuts out solar heat. Soltech Energy Sweden AB (publ.) is traded on First North at Nasdaq Stockholm, under the symbol “SOLT” and has over 15,000 shareholders. Also included in the concern are its jointly owned (51%) subsidiaries ASAB in Sweden and ASRE in China. The company’s Certified Advisor is G&W Fondkommission (securities broker). For more information see: www.soltechenergy.com

Investment in China
SolTech’s investment in China is carried out by a jointly owned company, Advanced SolTech Renewable Energy (Hangzhou) Co. Ltd (ASRE), where SolTech owns 51 percent and Advanced Solar Power Hangzhou Inc. (ASP) owns 49 percent. The business model consists of having ASRE finance, install, own, and periodically service solar energy installations mounted on the roofs of customer-owned facilities. The customer does not pay for the installed solar energy unit, but instead undersigns a long-term, 20-25 year contract to buy all the electricity and/or thermal heat the relevant unit produces. ASRE’s current income comes from the sale of electricity to customers, along with various forms of subsidies per produced kWh. Focus is now concentrated on building a backlog of orders for 2018 and beyond, with the goal of obtaining an installed capacity of 605 MW (megawatts) by the close of 2021, which in 2022 will be set into full operation, generating current annual sales amounting to approximately 1 billion SEK (ca. 95 MEUR).

Release

The Concern’s operational result amounted to -17.4 MSEK, versus the earlier reported entry of -17.6 MSEK. Cleared of non-recurring costs, the operational result amounted to -13,4 MSEK versus the earlier reported -13.6 MSEK. The Concern’s result, after financial costs and taxes, amounted to -21.5 MSEK versus the earlier reported entry -22.3 MSEK. The per-share result amounted to -0.70 SEK versus the earlier reported -0.72 SEK. The result improvement was primarily brought about by a revised accounting principle for auditing foreign exchange adjustments with respect to out-of-country receivables, as well as a somewhat higher net sales result in China, 21.2 MSEK versus the earlier reported figure of 20.12 MSEK.
As a consequence of these changes, changes were also forthcoming in auditing both the development of the Concern’s own capital over the accounting period. as well as in the classification of certain entries in the cash-flow analysis. Cash flow for the period remains as earlier presented, both for the Concern itself and as a parent company. The annual report in its entirety – together with the independent auditor’s report – is accessible for downloading here.

For more information, please contact: Frederic Telander, CEO SolTech Energy Tel; 08-441 88 46. email: frederic.telander@soltechenergy.com

The information contained in this press release conforms to that which SolTech Energy Sweden AB (publ.) is required to make public according to the EU’s regulation 596/2014 concerning securities market abuse. Said information is furnished, via the above-cited contact person’s authorization, for publication on 14 May 2018, 21:00 CET.

SolTech Energy in brief:
SolTech Energy develops and sells building-integrated solar energy products for all forms of building structures – commercial, public and residential. The products are a part of a building’s outer shell, as a roof, wall or window, containing semi-transparent solar cells for the production of electricity that simultaneously shuts out solar heat. Soltech Energy Sweden AB (publ.) is traded on First North at Nasdaq Stockholm, under the symbol “SOLT” with over 14,000 shareholders. Also included in the concern are its jointly owned (51%) subsidiaries ASAB in Sweden and ASRE in China – more info on ASRE appears below. The company’s Certified Advisor is G&W Fondkommission (securities broker). For more information see: www.soltechenergy.com

Investment in China
SolTech’s investment in China is carried out by a jointly owned company, Advanced SolTech Renewable Energy (Hangzhou) Co. Ltd (ASRE), where SolTech owns 51 percent and Advanced Solar Power Hangzhou Inc. (ASP) owns 49 percent. The business model consists of having ASRE finance, install, own, and periodically service solar energy installations mounted on the roofs of customer-owned facilities. The customer does not pay for the installed solar energy unit, but instead undersigns a long-term, 20-25 year contract to buy all the electricity the relevant unit produces. ASRE’s current income comes from the sale of electricity to customers, along with various forms of subsidies per produced kWh. Focus is now concentrated on building a backlog of orders for 2018 and beyond, with the goal of obtaining an installed capacity of 605 MW (megawatts) by the close of 2021, which in 2022 will be set into full operation, generating current annual sales amounting to approximately 1 billion SEK (100 MEUR).

Release