CISH Q2 Report 2021
Clean Industry Solutions Holding Europe AB: Quarterly Report April-June 2021
2nd Quarter from 01.04.2021 to 30.06.2021 (01.04.2020 to 30.06.2020), Q2 YTD from 01.01.2021 to 30.06.2021 (01.01.2020 to 30.06.2020)
| CISH AB Group RESULTS IN BRIEF | in TSEK | 2021 Q2 | 2020 Q2 | 2021 Q2 YTD | 2020 Q2 YTD |
| Sales | 256 | 476 | 381 | 1,105 |
| Other operating income | 1,692 | 676 | 3,129 | 1,120 |
| Operating Income | 1,948 | 1,152 | 3,510 | 2,225 |
| Cost of materials | -342 | -386 | -633 | -570 |
| Personnel Costs | -3,680 | -3,090 | -7,412 | -4,375 |
| Other external expenses | -1,557 | -815 | -2,653 | -1,589 |
| Other operating expenses | -45 | 0 | -49 | -6 |
| Depreciation | -210 | -216 | -413 | -263 |
| Operating Costs | -5,833 | -4,507 | -11,160 | -6,803 |
| Operating result (EBIT) | -3,885 | -3,355 | -7,650 | -4,578 |
| Financial result | 12 | -77 | 4 | -81 |
| Profit (+) or loss (-) after financial items | -3,873 | -3,432 | -7,646 | -4,659 |
| Taxes | 0 | 0 | -1 | 0 |
| Profit (+) or loss (-) after taxes | -3,873 | -3,432 | -7,647 | -4,659 |
| Number of Shares | 12,188,792 | 12,188,792 | 12,188,792 | 12,188,792 |
| Result per share amounted (in SEK) | -0,3177 | -0,2815 | -0,6274 | -0,3822 |
| Cash available end of period | 12,183 | 19,963 | 12,183 | 26,123 |
Significant events during the reporting period
- ERA-NET Project Grant in the Amount of 148 k€ for Elimination of Contaminants from Wastewater Treatment Plants
- Consultancy contract of 51 k€ to foster carbon neutral heat supply in Jordan
- Industrial Solar GmbH to install photovoltaic system for city council
- Clean Industry Solutions Holding Europe AB appoints CFO
- New R&D project Modulus granted with a funding volume of 219 k€
- Former chairman of Volvo elected new chairman for CISH AB
- 30% cost reduction makes safe and clean drinking water for the growing world population more affordable
- Clean Industry Solutions Holding Europe AB approved for listing on Nasdaq First North Growth Market
Significant events after the reporting period
- Clean Industry Solutions listed at Nasdaq First North Growth Market
- Industrial Solar awarded grant of 76.5 k€ for R&D project in the field of Artificial Intelligence
- Spanish Center for Energy, Environmental and Technological Research purchases MDPilot system with SolarSpring’s next generation module technology for 60 k€
Comment from the CEO Christian Zahler
I am very happy and proud to announce that in the second quarter 2021, the aspired list change from Spotlight Stock Market to Nasdaq First North Growth Market was approved. On June 28, we were informed that Nasdaq had accepted our application and that the first day of trading would be July 12, 2021.
Apart from the successful listing on Nasdaq, further exciting happenings were the appointment of our new CFO, Jochen Lachnit, and the election of our new chairman Finn Johnsson. Both bring longstanding experience and expertise into our board and management, and we hope to profit from their knowledge and look forward to working with them.
The last couple of months brought new momentum to our company. Our total operating income in Q2/2021 grew by 69% compared to Q2/2020. The biggest part of it are subsidies that help us to develop the technologies further and cover the according costs. This increase also shows the risen interest in our technologies.