MUST NOT BE PUBLISHED, DISTRIBUTED OR SHARED, DIRECTLY OR INDIRECTLY, IN OR TO THE USA, AUSTRALIA, CANADA, OR JAPAN.
Seluxit increases its expectations for the turnover and result for the financial year 2018/2019.
Company Announcement No. 9-2018/2019
Aalborg, 10. July 2019
Seluxit, which was listed on November 2018, increases its expectations for the financial year 2018/2019.
In connection with the preparation of the annual report for 2018/19 Seluxit A/S has decided to increase the expectations for the financial result of the fiscal year 2018/19, compared to the previously announced expectations in the company description (“Virksomhedsbeskrivelse”).
Seluxit expects revenue to increase by up to 50% from the budgeted 12 million DKK to between 17 and 18 million DKK. Seluxit expects profit before tax to improve by up to almost 1 million DKK, from the expected -6,4 million DKK to between -5,5 and -6,0 million DKK.
The upward adjustment is primarily a result of the increased sales of IoT combined hard- and software solutions for mainly the SmartMeter segment.
Further information on the development of Seluxit A/S in the financial year 2018/19 will be stated in the Annual Report for 2018/19, which is being prepared and will be published on 25th of September 2019, as previously announced in the company's financial calendar.
Further information: CEO Daniel Lux
You can subscribe to our investor newsletter on https://www.seluxit.com/investors and get company announcements directly in your mail box. You can also follow news from Seluxit on
- Homepage: www.seluxit.com/blog
- LinkedIn: https://www.linkedin.com/company/seluxit
- Facebook: https://www.facebook.com/seluxit
| Seluxit A/S Hjulmagervej 32B 9000 Aalborg Denmark Tel.: +45 46 922 722 E-mail: investor@seluxit.com Web: www.seluxit.com CVR/VAT nr. 29388237 | Certified Adviser Norden CEF ApS, V/ John Norden Kongevejen 365, 2840 Holte Denmark Tel.: +45 20 720 200 E-mail: jn@nordencef.dk Web: www.nordencef.dk CVR/VAT nr. 31933048 |
About Seluxit:
Seluxit is an Internet of Things (IoT) solution provider. We help product manufacturers connect their physical products to the Internet, and benefit from the value of data. Millions of Seluxit-powered IoT products are already deployed in 19 European countries and counting. Seluxit’s vision is to be a major contributor to the story of the Internet of Things — how we humans can orchestrate connected products to improve our lives, while preserving our security and privacy.