{"id":4514,"date":"2018-08-24T07:00:00","date_gmt":"2018-08-24T07:00:00","guid":{"rendered":"https:\/\/new-stage.soltechenergy.com\/mfn_news\/semi-annual-report-soltech-energy-sweden-ab-publ-january-june-2018\/"},"modified":"2024-07-23T17:04:20","modified_gmt":"2024-07-23T15:04:20","slug":"semi-annual-report-soltech-energy-sweden-ab-publ-january-june-2018","status":"publish","type":"mfn_news","link":"https:\/\/soltechenergy.com\/en\/mfn_news\/semi-annual-report-soltech-energy-sweden-ab-publ-january-june-2018\/","title":{"rendered":"Semi-annual report: SolTech Energy Sweden AB (publ.) January &#8211; June 2018"},"content":{"rendered":"<div class=\"mfn-preamble\"><strong>SolTech Energy shows black numbers with the inclusion of one-off entries. Earnings in China increase by 116% \u2013 and for the whole concern by 52%.<\/strong><\/div>\n<p><strong>Strong half-year for SolTech:<\/strong><\/p>\n<ul>\n<li>Net sales amounted to 33.4 (vs. 22) MSEK, an increase of 52% as compared with the same period the previous year.<\/li>\n<li>The concern\u2019s 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.<\/li>\n<li>The period\u2019s operating result amounted to -3.8 (-9) MSEK; a 57% improvement as compared with the same period the previous year.<\/li>\n<li>Earnings per share amounted to -0.06 (-.36) SEK\/share. Cash flow amounted to 0.6 (-28.34) MSEK.<\/li>\n<li>ASRE earnings increased to 13.9 MCNY (18.2 MSEK) \u2013 a 116% improvement as compared with the figure of 6.7 MCNY (8.4 MSEK) reported for the same period the previous year \u2013 of which 51% is consolidated in the concern.<\/li>\n<li>Wasa R\u00f6r has been a sold off entity as of March 1, 2018.<\/li>\n<\/ul>\n<p><strong>After the report period\u2019s close:<\/strong><\/p>\n<ul>\n<li>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.<\/li>\n<li>SolTech Energy\u2019s jointly owned Chinese company \u201dASRE\u201d completes the takeover of a record 12.7 MW order placed by JiangSu YangHe Brewery with SolTech\u2019s partner Advanced Solar Power Hangzhou Inc. Over the contract\u2019s 20-year term, cumulative income is estimated to amount to approximately 276 MSEK.<\/li>\n<li>SolTech Energy\u2019s Board of Directors appoints the Company\u2019s current Chairman of the Board, Stefan \u00d6lander, 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.<\/li>\n<li>Introduction of SolTech\u2019s Chinese business operation on the Stock Exchange, with Advanced SolTech Sweden AB (publ.) \u201dASAB\u201d 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.<\/li>\n<\/ul>\n<p><a href=\"https:\/\/www.soltechenergy.com\/wp-content\/uploads\/2018\/08\/SolTech-Energy-Sweden-AB-publ-del%C3%A5rsrapport-2018.pdf\" rel=\"nofollow\"><u>Read the report in its entirety<\/u><\/a><\/p>\n<p><strong>For more information, please contact:<\/strong><br \/>\nFrederic Telander, CEO SolTech Energy Sweden AB (publ.). Tel: 08-441 88 46, email:\u00a0<a href=\"mailto:frederic.telander@soltechenergy.com\" rel=\"nofollow\">frederic.telander@soltechenergy.com<\/a><\/p>\n<p><em>The information contained in this press release conforms to that which\u00a0<\/em><em>SolTech Energy Sweden AB (publ.) is required to make public according to the EU\u2019s regulation 596\/2014 concerning securities market abuse. Said information is furnished, via the above-cited contact person\u2019s authorization, for publication on 24 August 2018, 09:00 CET.<\/em><\/p>\n<p><em><strong>SolTech Energy Sweden AB (publ.) \u2013 parent company of the SolTech concern<\/strong><\/em><strong>\u00a0<\/strong><br \/>\n<em>SolTech Energy develops and sells building-integrated solar energy products for all forms of building structures \u2013 commercial, public and residential. The products are a part of a building\u2019s 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 \u201cSOLT\u201d 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\u2019s Certified Advisor is G&amp;W Fondkommission (securities broker). For more information see:\u00a0<\/em><em><a href=\"https:\/\/www.soltechenergy.com\/\" rel=\"nofollow\">www.soltechenergy.com<\/a><\/em><\/p>\n<div class=\"mfn-footer\"><\/div>\n<script>\n                Array.prototype.slice.call(document.querySelectorAll(\".mfn-footer.mfn-attachment\")).forEach(function (el) { el.remove() });\n            <\/script>\n        <div class=\"mfn-attachments-container\"><div class=\"mfn-attachment mfn-file-type-pdf mfn-primary\"><a class=\"mfn-attachment-link\" target=\"_blank\" href=\"https:\/\/storage.mfn.se\/proxy\/release.pdf?url=https%3A%2F%2Fmb.cision.com%2FMain%2F2299%2F2991271%2F1161867.pdf\"><span class=\"mfn-attachment-icon\"><img decoding=\"async\" src=\"https:\/\/storage.mfn.se\/proxy\/release.pdf?url=https%3A%2F%2Fmb.cision.com%2FMain%2F2299%2F2991271%2F1161867.pdf&type=jpg\"><\/span>Release<\/a><\/div><\/div>","protected":false},"excerpt":{"rendered":"<p>SolTech Energy shows black numbers with the inclusion of one-off entries. Earnings in China increase by 116% \u2013 and for the whole concern by 52%.<\/p>\n","protected":false},"featured_media":0,"template":"","mfn-news-tag":[16,97,89,93,65,99,90,95],"class_list":["post-4514","mfn_news","type-mfn_news","status-publish","hentry","mfn-news-tag-mfn-lang-en","mfn-news-tag-mfn-report-interim-en","mfn-news-tag-mfn-type-ir-en","mfn-news-tag-mfn-regulatory-mar-en","mfn-news-tag-mfn-en","mfn-news-tag-mfn-report-interim-q2-en","mfn-news-tag-mfn-regulatory-en","mfn-news-tag-mfn-report-en"],"acf":[],"_links":{"self":[{"href":"https:\/\/soltechenergy.com\/en\/wp-json\/wp\/v2\/mfn_news\/4514","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/soltechenergy.com\/en\/wp-json\/wp\/v2\/mfn_news"}],"about":[{"href":"https:\/\/soltechenergy.com\/en\/wp-json\/wp\/v2\/types\/mfn_news"}],"wp:attachment":[{"href":"https:\/\/soltechenergy.com\/en\/wp-json\/wp\/v2\/media?parent=4514"}],"wp:term":[{"taxonomy":"mfn-news-tag","embeddable":true,"href":"https:\/\/soltechenergy.com\/en\/wp-json\/wp\/v2\/mfn-news-tag?post=4514"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}