STOCKHOLM, March 28,
2024 /PRNewswire/ -- During the fourth quarter
of 2023, the company's strategic direction remained in focus. We
are aware that the products and smaller systems we have previously
sold have had to and will have to take a back seat for a period of
time in favour of the investment we are now making in the
industrial sector. We have now achieved significant breakthroughs
in our efforts to be able to grow towards the market segment that
is largest and most mature in the fossil-free hydrogen sector -
large industrial projects, comments Christer Wikner, President
and CEO.
For the full CEO-comment, see the Interim report in its
entirety.
Quarter for the Group October-December
2023
- Revenues amounted to SEK 1.4
(12.3) million.
- Earnings before depreciation and amortization (EBITDA) amounted
to SEK -17.4 (-12,1) million.
- Operating profit (EBIT) amounted to SEK
-20.6 (-5.6)* million.
- Profit/loss after financial items amounted to SEK -24.4 (2.7)* million.
- Earnings per share amounted to SEK
-0.07 (0,01)*.
Period for the Group January-December
2023
• Revenues amounted to SEK
67.2 (67.1) million.
- Earnings before depreciation and amortization (EBITDA) amounted
to SEK -62.1 (-35.1) million.
- Operating profit (EBIT) amounted to SEK
-73.4 (-47.3)* million.
- Profit/loss after financial items amounted to SEK -77.8 (-50.4)* million.
- Earnings per share amounted to SEK
-0.23 (-0.17)*.
- The Board of Directors proposes that no dividend is to be paid
for the 2023 financial year.
*In Q4 2022, the principle regarding the reporting of
goodwill on additional investment in subsidiaries was adjusted,
which resulted in reduced depreciation during 2022.
Significant events during and after the quarter
- On November 9, Metacon announces
that they enter into a strategic partnership with WattAnyWhere for
the rollout of off-grid EV charging stations.
- On November 13, Metacon announces
approved CE marking of HHG 50 for the production of green hydrogen
from biogas.
- On November 23, Metacon announced
that it had entered into a Memorandum of Understanding with PERIC
regarding a strategic partnership for the manufacture and sale of
Metacon's hydrogen generators on the Chinese market.
- On December 4, Metacon announces
a change of name of its subsidiary Helbio S.A to Metacon S.A.
- On December 20, the Board of
Directors of Metacon announces its intention to decide on a rights
issue of units of approximately SEK 120
million.
- On January 25, 2024, Metacon
announces an exclusive license agreement with PERIC for rights to
build a "Gigafactory" for the manufacture of its own electrolysis
plants.
- On January 25, 2024, the Board of
Directors of Metacon announces a rights issue of units of
approximately SEK 119 million and
announces the terms of the rights issue.
- On February 20, 2024, Metacon
announces the final outcome of the rights issue.
This information is information that Metacon AB (publ) is
obliged to make public pursuant to the EU Market Abuse Regulation.
The information was submitted for publication, through the agency
of the contact person set out below, on 28
March 2024 at 08:00
CET.
For additional information, contact Christer Wikner, on +46 (0)707 647389 or
e-mail info@metacon.com
About Metacon AB (publ)
Metacon AB (publ) develops and manufactures energy systems for
the production of hydrogen, heat and electricity. The products are
based, among other things, on a patented technology that generates
hydrogen through so-called catalytic steam reforming of biogas or
other hydrocarbons. The development of Metacon's reforming products
is done within the wholly owned subsidiary Metacon S.A., which is a
spin-off from the University of Patra, Greece and was founded by Professor Xenophon
Verykios in 2001. From the outset, the business has focused on
catalysts and advanced reformers for highly efficient hydrogen
production.
Metacon also offers system solutions and facilities for the
production of hydrogen through so-called electrolysis, a large and
globally growing area for production of green hydrogen. Hydrogen
can be used in sectors such as transport, basic industry, and the
real estate sector, with a better environment and climate as a
result.
Further information can be found at:
www.metacon.se | Twitter: @Metaconab | LinkedIn:
www.linkedin.com/company/metaconab
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https://mb.cision.com/Public/17030/3953980/90d89364a5645f20.pdf
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