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03.11.2017 19:00:08
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Photocat A/S: 3rd Quarter Interim Report
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 | |||||
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Photocat A/S via Globenewswire
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Photocat A/S via Globenewswire
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