Main highlights during the third quarter of 2017
- The Roskilde Report is delivered to the Municipality of Roskilde following a 3 year study on the effect of photocatalysis.
- The report show that the technology effectively reduces NOx.
- Shows that for every 1 DKK spent on photocatalysis a net present value of 2 DKK is generated.
- Binne & Sohn attain and install first NOXOFF reference project in Leipzig.
- Asak Miljøstein experience slower than expected market uptake from public purchasers in Oslo, Bergen and Trondheim. The first major public reference delivered to the Sam Eyde School in Arenda.
- Prehorqui S.A. develops a new photocatalytic concrete panel.
- S:T Eriks, Sweden's leading manufacturer of concrete products, completed the development of its new road element with NOx degrading capabilities.
Main highlights after the third quarter of 2017
- S:T Erik launched its air+ brand in Sweden during the Nordic Road conference in October.
- Asak Miljøstein exhibited ClearNOx at the leading building conference in Norway, "Bygg Reis Deg".
- First political breakthrough in Roskilde as the political party "Venstre" puts photocatalysis on the agenda.
- Cristal, a leading manufacturer of TiO2, estimates that the photocatalytic market will grow by 12.6 % p.a. until 2020.
Summary financials
| Amounts in DKK '000s | 1 Jul - 30 Sep 2017 | 1 Jul - 30 Sep 2016 | 1 Jan - 30 Sep 2017 | 1 Jan - 30 Sep 2016 | Full Year 2016** |
| Revenue from photocatalytic fluid | 669.7 | 606.0 | 3,493.1 | 3,789.5 | 4,446.1 |
| Revenue from Consultancy, Equipment & Other | 193.3 | 259.3 | 1,645.0 | 1,050.5 | 1,188.8 |
| Gross Profit | - 670.4 | - 1,119.2 | - 446.2 | - 948.5 | -2,593.9 |
| EBITDA | - 1,923.8 | - 2,455.8 | - 4,158.7 | - 4,274.4 | - 7,341.5 |
| P/L before Tax | - 2,440.1 | - 3,095.3 | - 6,202.6 | - 6,233.7 | -9,954.9 |
| Net Profit | - 2,370.4 | - 3,095.3 | - 5,957.9 | - 6,123.5 | - 9,782.4 |
| Total Assets | 16,460.6 | 19,842.0 | 16,460.6 | 19,842.0 | 16,029.9 |
| Equity | 12,568.4 | 12,868.0 | 12,568.4 | 12,868.0 | 9,209.0 |
| Debt | 3,892.2 | 6,974.1 | 3,892.2 | 6,974.1 | 6,820.9 |
| Cash at Hand | 1,085.5 | 3,100.3 | 1,085.5 | 3,100.3 | 172.4 |
| ** Audited | |||||
http://www.globenewswire.com/NewsRoom/AttachmentNg/78c8e594-a964-4627-a9c5-e980865f53b2
