Clean Industry Solutions Holding Europe AB: Quarterly Report April-June 2021

2nd Quarter from 01.04.2021 to 30.06.2021 (01.04.2020 to 30.06.2020), Q2 YTD from 01.01.2021 to 30.06.2021 (01.01.2020 to 30.06.2020)

CISH AB Group
RESULTS IN BRIEF | in TSEK
2021
Q2
2020
Q2
2021
Q2 YTD
2020
Q2 YTD
Sales 256 476 381 1,105
Other operating income 1,692 676 3,129 1,120
Operating Income 1,948 1,152 3,510 2,225
Cost of materials -342 -386 -633 -570
Personnel Costs -3,680 -3,090 -7,412 -4,375
Other external expenses -1,557 -815 -2,653 -1,589
Other operating expenses -45 0 -49 -6
Depreciation -210 -216 -413 -263
Operating Costs -5,833 -4,507 -11,160 -6,803
Operating result (EBIT) -3,885 -3,355 -7,650 -4,578
Financial result 12 -77 4 -81
Profit (+) or loss (-) after financial items -3,873 -3,432 -7,646 -4,659
Taxes 0 0 -1 0
Profit (+) or loss (-) after taxes -3,873 -3,432 -7,647 -4,659
Number of Shares 12,188,792 12,188,792 12,188,792 12,188,792
Result per share amounted (in SEK) -0,3177 -0,2815 -0,6274 -0,3822
Cash available end of period 12,183 19,963 12,183 26,123

Significant events during the reporting period

  • ERA-NET Project Grant in the Amount of 148 k€ for Elimination of Contaminants from Wastewater Treatment Plants
  • Consultancy contract of 51 k€ to foster carbon neutral heat supply in Jordan
  • Industrial Solar GmbH to install photovoltaic system for city council
  • Clean Industry Solutions Holding Europe AB appoints CFO
  • New R&D project Modulus granted with a funding volume of 219 k€
  • Former chairman of Volvo elected new chairman for CISH AB
  • 30% cost reduction makes safe and clean drinking water for the growing world population more affordable
  • Clean Industry Solutions Holding Europe AB approved for listing on Nasdaq First North Growth Market

Significant events after the reporting period

  • Clean Industry Solutions listed at Nasdaq First North Growth Market
  • Industrial Solar awarded grant of 76.5 k€ for R&D project in the field of Artificial Intelligence
  • Spanish Center for Energy, Environmental and Technological Research purchases MDPilot system with SolarSpring’s next generation module technology for 60 k€

Comment from the CEO Christian Zahler

I am very happy and proud to announce that in the second quarter 2021, the aspired list change from Spotlight Stock Market to Nasdaq First North Growth Market was approved. On June 28, we were informed that Nasdaq had accepted our application and that the first day of trading would be July 12, 2021.
Apart from the successful listing on Nasdaq, further exciting happenings were the appointment of our new CFO, Jochen Lachnit, and the election of our new chairman Finn Johnsson. Both bring longstanding experience and expertise into our board and management, and we hope to profit from their knowledge and look forward to working with them.
The last couple of months brought new momentum to our company. Our total operating income in Q2/2021 grew by 69% compared to Q2/2020. The biggest part of it are subsidies that help us to develop the technologies further and cover the according costs. This increase also shows the risen interest in our technologies.
 

Clean Industry Solutions Holding Europe AB
Head Office
c/o Win-Win Ekonomi AB, Palmfeltsvägen 21, 121 62 Johanneshov Sweden