{"id":9727,"date":"2020-02-21T07:00:00","date_gmt":"2020-02-21T07:00:00","guid":{"rendered":"https:\/\/heliospectra.com\/blog\/mfn_news\/heliospectra-ab-publ-year-end-report-2019-2\/"},"modified":"2020-02-21T07:00:00","modified_gmt":"2020-02-21T07:00:00","slug":"heliospectra-ab-publ-year-end-report-2019-2","status":"publish","type":"mfn_news","link":"https:\/\/heliospectra.com\/nl\/blog\/mfn_news\/heliospectra-ab-publ-year-end-report-2019-2\/","title":{"rendered":"Heliospectra AB (publ) Jaarverslag 2019"},"content":{"rendered":"
Gothenburg, Sweden \/ Toronto, Canada \/ Tokyo, Japan, February 21, 2020) – Heliospectra AB (publ) (OTCQB: HLSPY, First North Growth Market: HELIO), a world leader in intelligent lighting technology for greenhouse and controlled plant growth environments, presents Year End Report 2019.<\/strong><\/div>\n

SAMENVATTING EINDEJAARSVERSLAG 2019<\/span><\/span><\/strong><\/p>\n

Orders during the period of October-December amounted naar <\/span>KSEK 97 334. In this amount the earlier communicated orders from Nectar Farms, 72 million SEK,<\/span> and from Bridge Farm Group, 12<\/span> million SEK regarding the company’s new product range MITRA, <\/span>are included.<\/span><\/span><\/span><\/span><\/p>\n

SALES AND FINANCIAL PERFORMANCE, OCTOBER – DECEMBER<\/span><\/span><\/span><\/span><\/p>\n

Net sales amounted naar<\/span> KSEK 2 784 (11 <\/span>083). The operating loss amounted naar<\/span> KSEK -18<\/span> 502 (-12 <\/span>020) KSEK, signifying a negative operating margin (neg).<\/span> The loss after tax was KSEK -18<\/span> 514<\/span> (-12 <\/span>030).<\/span><\/span><\/span><\/span><\/p>\n

S<\/span><\/span><\/span>A<\/span><\/span><\/span>L<\/span><\/span><\/span>E<\/span><\/span><\/span>S<\/span><\/span> AN<\/span><\/span><\/span>D<\/span><\/span> F<\/span><\/span><\/span>I<\/span><\/span><\/span>N<\/span><\/span><\/span>A<\/span><\/span><\/span>N<\/span><\/span><\/span>C<\/span><\/span><\/span>I<\/span><\/span><\/span>A<\/span><\/span><\/span>L<\/span><\/span> P<\/span><\/span><\/span>E<\/span><\/span><\/span>R<\/span><\/span><\/span>F<\/span><\/span><\/span>O<\/span><\/span><\/span>R<\/span><\/span><\/span>MA<\/span><\/span><\/span>N<\/span><\/span><\/span>C<\/span><\/span><\/span>E<\/span><\/span><\/span>, J<\/span>AN<\/span>U<\/span>A<\/span>R<\/span>Y<\/span>- D<\/span>E<\/span>C<\/span>E<\/span>MB<\/span>E<\/span>R<\/span><\/span><\/span><\/span><\/strong><\/p>\n

Net sales amounted<\/span> naar<\/span> KSEK 25<\/span> 530 (45<\/span> 370).<\/span> The operating loss amounted<\/span> naar<\/span> KSEK -55 545<\/span> (-33 251)<\/span> KSEK, signifying a negative<\/span> werking marge<\/span> (neg).<\/span> The loss after tax werd<\/span> KSEK -51 677 (-33 303).<\/span><\/span><\/span><\/span><\/span><\/p>\n

C<\/span><\/span><\/span>A<\/span><\/span><\/span>S<\/span><\/span><\/span>H<\/span><\/span> F<\/span><\/span><\/span>LO<\/span><\/span><\/span>W<\/span><\/span><\/span>, J<\/span>A<\/span>N<\/span>U<\/span>A<\/span>R<\/span>Y – D<\/span>E<\/span>C<\/span>E<\/span>MB<\/span>E<\/span>R<\/span><\/span><\/span><\/span><\/h2>\n

De kasstroom uit bedrijfsactiviteiten bedroeg KSEK 47 559 (-25 588). De totale kasstroom bedroeg KSEK 43 078 (-29 468).<\/span><\/span><\/span><\/p>\n

CEO COMMENTAAR<\/span><\/span><\/strong><\/span><\/h2>\n

The first three quarters van <\/span>2019 <\/span>were <\/span>dedicated naar <\/span>rebuilding Heliospectra's<\/span> product portfolio, which came with anticipated <\/span>challenges. But the re-build also brought tremendous oppor- tunities. With the support van<\/span> our shareholders and the dedica- tion van<\/span> our team, we emerged from Q4 in a growth trajectory, with strong global momentum for 2020 and the future.<\/span><\/span><\/span><\/span><\/span><\/p>\n

We<\/span><\/span><\/span><\/span><\/span> were<\/span><\/span><\/span><\/span><\/span> aware<\/span><\/span><\/span><\/span><\/span> dat<\/span><\/span><\/span><\/span><\/span> onze product<\/span> portfolio re-build zou<\/span> come with short-term risks naar <\/span>our order intake <\/span>and sales. We <\/span>did <\/span>this with the full support van<\/span> the board, in order naar<\/span> prioritize our long-term markt<\/span> position and leadership. In 2019<\/span> we experi- enced a 44% drop in sales revenue, from SEK 45,4 million in 2018 <\/span>naar <\/span>SEK 25,5 million in 2019, <\/span>as we re-evaluated our goals, changed our strategy and positioned ourselves better in the industry for the future. We were <\/span>almost immediately rewarded<\/span> voor<\/span> our efforts, when wij<\/span> introduced<\/span> onze nieuw<\/span> product <\/span>line MITRA in June and received two large orders totalling <\/span>SEK 84 million, which zijn<\/span> expected naar<\/span> be delivered in 2020.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n

One van <\/span>our most notable successes werd <\/span>a sizable MITRA order from Nectar Farms in Victoria, Australia. We <\/span>had been working closely with Nectar for three years, and their ambition had always<\/span> been naar<\/span> find a partner,<\/span> not<\/span> a supplier<\/span> voor<\/span> their glass-<\/span><\/span><\/span><\/span><\/span><\/p>\n

house projects groeiend<\/span> tomatoes.<\/span> Their values van<\/span> sustainable farming and clean renewable <\/span>energie match <\/span>our own, and we are very happy they chose naar<\/span> work with us. We<\/span> zijn<\/span> a company that has been driving green technology and solutions for resource-efficient food production, and this <\/span>project goes a step further by using clean electricity based on wind power.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n

Nectar Farms’ order value is SEK 72 million, which includes a down payment van<\/span> 50 percent. While the down payment werd <\/span>expected in Q4 2019, <\/span>het zal <\/span>be deferred naar <\/span>2020 due naar <\/span>a fi- nancing delay.<\/span> This does not interfere<\/span> with the project going forward but simply delays it for a few<\/span> months.<\/span><\/span><\/span><\/span><\/span><\/p>\n

We will <\/span><\/span><\/span><\/span><\/span>continue naar <\/span>develop our control and automation plat- <\/span>form, helioCORE. As growers automate <\/span>and connect groeiend <\/span>environments, HelioCORE ensures they bereiken <\/span>consistent, high-quality crops 365 dagen <\/span>a year. <\/span>We <\/span>zijn <\/span>seeing a lot of interest<\/span> in this product from customers, and we are making it more stable and user-friendly, <\/span>while continuing our strategy van<\/span> integrating<\/span> it, as much as possible, with all the other control and automation <\/span>platforms in the industry. The future is here, wij<\/span> have<\/span> fantastic<\/span> solutions,<\/span> and our mandate<\/span> is naar<\/span> gain<\/span> markt <\/span>share this<\/span> year.<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n

Over the past two years, we had a good grip on costs, doing more with less, and now what is needed is naar<\/span> make<\/span> our solu- tions beschikbaar<\/span> naar<\/span> a larger audience. Going forward, our focus zal <\/span>be on our frontline sales and marketing. <\/span>Establishing ourselves in Canada and putting a strong team <\/span>in place in North America zal <\/span>help us kweken <\/span>further. Many innovative <\/span>projects, both in food and in medical cannabis, zijn<\/span> happening in North America, so establishing a solid presence in this markt<\/span> has been a valuable investment van<\/span> our time and effort. We<\/span> want<\/span> naar<\/span> do our products justice.<\/span><\/span><\/span><\/span><\/span><\/p>\n

Thank you for all your steadfast<\/span> support. 2020 represents<\/span> a year van<\/span> tremendous opportunity and global momentum.<\/span><\/span><\/span><\/span><\/span><\/p>\n

We zijn voortdurend gefocust op het leveren van bedrijfswaarde en<\/span><\/span><\/span><\/p>\n

profitability naar <\/span>our customers around the world as well as naar<\/span> you, our shareholders. As always,<\/span> I thank you for your un- wavering <\/span>commitment naar <\/span>the Heliospectra vision: to make <\/span>sustainable food production beschikbaar<\/span> naar<\/span> an increasingly ur- banized<\/span> population.<\/span><\/span><\/span><\/span><\/span><\/p>\n

\/\/ Ali Ahmadian<\/span><\/span><\/span><\/span><\/span><\/p>\n

FOR FULL REPORT SEE HERE<\/a><\/span><\/span><\/span><\/span><\/span><\/strong><\/p>\n

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Investeerdersrelaties:<\/span><\/strong><\/span><\/p>\n

Ali Ahmadian, CEO van Heliospectra | +46 (0)72 203 6344 | <\/span>ir@heliospectra.com<\/span><\/a><\/p>\n

http:\/\/www.heliospectra.com<\/a><\/p>\n<\/div>\n

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Heliospectra AB<\/strong> (publ) (OTCQB: HLS, FIRST NORTH: HELIO) is wereldwijd marktleider in intelligente verlichtingstechnologie, lichtregelsystemen en gerelateerde diensten voor broeikassen en gecontroleerde plantengroeiomgevingen. Met de visie om commerci\u00eble gewasproductie meer verbonden en resource-effici\u00ebnt te maken, integreert Heliospectra op maat gemaakte LED-spectrumstrategie\u00ebn met real-time respons en kunstmatige intelligentie om voorspelbare en betrouwbare bedrijfsvoorspellingen en oogstresultaten te cre\u00ebren. Heliospectra is opgericht in 2006 en zet zich in om telers en commerci\u00eble producenten op zes continenten te helpen hun opbrengsten consistent te verhogen en gewassen te produceren met een hoogwaardige uitstraling, superieure voedingswaarde of medicinale waarde en een langere houdbaarheid, oogst na oogst. Heliospectra heeft meerdere internationale prijzen en erkenningen ontvangen. Ga voor meer informatie naar https:\/\/www.heliospectra.com<\/a>.  <\/span><\/p>\n

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HELIO staat genoteerd op Nasdaq First North Growth Market met Redeye AB als Certified Adviser: Certifiedadviser@redeye.se<\/a>, +46 (0)8 121 576 90.  <\/span><\/p>\n

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Toekomstgerichte verklaringen<\/strong><\/span><\/p>\n

De verklaringen in dit persbericht zijn toekomstgerichte verklaringen zoals bedoeld in de federale effectenwetgeving. Dergelijke verklaringen zijn gebaseerd op onze huidige overtuigingen en verwachtingen en zijn inherent onderhevig aan belangrijke zakelijke, economische en concurrerende onzekerheden en onvoorziene omstandigheden, waarvan vele buiten onze macht liggen. Daarnaast zijn dergelijke toekomstgerichte uitspraken onderhevig aan aannames met betrekking tot toekomstige bedrijfsstrategie\u00ebn en beslissingen die aan verandering onderhevig zijn. Potenti\u00eble risico's en onzekerheden omvatten, maar zijn niet beperkt tot, technische vooruitgang in de sector en politieke en economische omstandigheden in de sector. We nemen geen verplichting op ons om toekomstgerichte uitspraken bij te werken om gebeurtenissen of ontwikkelingen weer te geven nadat een toekomstgerichte uitspraak is gedaan.<\/span><\/p>\n

This information is information that Heliospectra AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 08:00CET on February 21st 2020.<\/span><\/em><\/span><\/p>\n

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