Terranet publishes the annual report for 2023
April 30 2024 - 2:30AM
UK Regulatory
Terranet publishes the annual report for 2023
Terranet publishes the annual report for 2023 including
corporate governance report and auditor’s report. Report is
available at the company’s website
www.terranet.se/en/reports
Comments on the Annual Report
Following the publication of the Company's Year-end Report for
2023, holoride GmbH, in which Terranet holds 10.4% of the shares
and votes, has initiated a preliminary insolvency process in
Germany. This was communicated to the market on April 22.
Due to this, the company's Board of Directors and management
have decided to write down the value of the investment in holoride,
by SEK 32.7 million in the Group accounts to SEK 0 million, which
has no impact on the Company´s liquidity. This write-down thus
constitutes a difference between the Year-end Report and the Annual
Report for 2023 and the opening balances for 2024 will therefore be
adjusted.
The company's board of directors and management assess that the
situation does not affect Terranet's liquidity, which is why
previous information regarding the company's liquidity and going
concern as well as the company's operations in general remain.
Terranet's product- and business development is not affected.
For more information, please
contact
Magnus Andersson, CEO
E-mail: magnus.andersson@terranet.se
About Terranet AB (publ)
Terranet is on a mission to save lives in urban
traffic.
We develop breakthrough tech solutions for Advanced Driver
Assistance Systems (ADAS) and Autonomous Vehicles (AV) that protect
vulnerable road users.
With a unique patented vision technology, Terranet’s
anti-collision system BlincVision laser scans and detects road
objects up to ten times faster and with higher accuracy than any
other ADAS technology available today.
Terranet is based in Lund, Sweden, and in the heart of the
European automotive industry in Stuttgart, Germany. The company is
listed on Nasdaq First North Premier Growth Market since
2017(Nasdaq: TERRNT-B).
Follow our journey at www.terranet.se
Certified Adviser to Terranet is Mangold Fondkommission AB,
08-503 015 50, ca@mangold.se.
- Terranet_PM_Annual report 2023_ENG
- Terranet Årsredovisning 2023 ENG
Terranet Holding Ab (LSE:0GH9)
Historical Stock Chart
From Jun 2024 to Jul 2024
Terranet Holding Ab (LSE:0GH9)
Historical Stock Chart
From Jul 2023 to Jul 2024