Reports

Published: 2020-11-27 15:30:00

Industrial Solar Holding Europe AB: Summary Interim Report Q3/2020

Summary of the 3rd quarter report  

3rd Quarter from 01.07.2020 to 30.09.2020

  01.07.2020-   01.07.2019- 01.01.2020- 01.01.2019-
30.09.2020 30.09.2019 30.09.2020 30.09.2019
The company´s sales amounted to (TSEK) -339* 52 774 550
Increase in finished goods, inventories and work in progress (TSEK) 0 0 0 0
Other operating income (TSEK) 593 58 1.783 143
Total Income (TSEK) 254 110 2.557 693
Cost of Material (TSEK) -115 -60 -729 -504
Personnel costs (TSEK) -3.105 -1.778 -7.525 -5.009
Other operating costs (TSEK) -815 -988 -2.499 -2.384
Depreciation (TSEK) -229 -70 -494 -137
Total Costs (TSEK) -4.393 -2.896 -11.253 -8.091
Earnings before interest and taxes (TSEK) -4.139 -2.786 -8.696 -7.398
Financial income/expenses (TSEK) 26 266 -55 424
Loss after financial items (TSEK) -4.113 -2.520 -8.751 -6.974
Number of shares  12.188.792 7.596.495 12.188.792 7.596.495
Result per share amounted (SEK) -0,34 -0,33 -0,718 -0,918
Cash available end of period (TSEK) 24.926 7.942 24.926 7.942

*The Q3 sales are negative due to adjustments that were necessary because of an accounting error in Q1 (an invoice for a down payment was accidentally booked as sales).

Industrial Solar Holding Europe AB
Fiskaregatan 11

SE-87133 Härnösand / Sweden

E-Mail: info@industrial-solar.se
Internet: www.industrial-solar.se
T + 46 611 81 06 10

Industrial Solar Holding Europe AB holds 100% of Industrial Solar GmbH and 100% of SolarSpring GmbH - both located in Freiburg/Germany.  
Industrial Solar GmbH is an international leading technology and solution provider, which develops projects mainly based on its innovative Fresnel collector technology suitable for fulfilling an expected growing market of solar process heat. As a one-stop-shop Industrial Solar offers turnkey solutions for customers in several industries.
Find out more about Industrial Solar GmbH at the following address:
https://www.industrial-solar.de/

Founded in 2009 as a spin-off of the Fraunhofer ISE, SolarSpring GmbH - membrane solutions, has evolved into an international pioneer in the field of membrane distillation offering innovative waste- and drinking water treatment technology.
Find out more about SolarSpring GmbH at the following address:
https://www.solarspring.de/


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