Heliospectra AB reports strong growth and strategic advancements

Heliospectra Financial Highlights

April – June 2023

• Order Intake: SEK 9,503 thousand (up from 5,346 thousand in the same period last year).
• Net Sales: SEK 10,094 thousand (up from 3,349 thousand).
• Operating Result: SEK -4,656 thousand (improved from -10,245 thousand).
• Profit After Tax: SEK -4,720 thousand (improved from -10,245 thousand).

January – June 2023

• Order Intake: SEK 11,152 thousand (up from 7,387 thousand).
• Net Sales: SEK 17,127 thousand (up from 8,911 thousand).
• Operating Result: SEK -11,130 thousand (improved from -18,042 thousand).
• Profit After Tax: SEK -11,194 thousand (improved from -18,042 thousand).

Cash Flow, January – March 2023

• Operating Cash Flow: SEK 4,974 thousand (up from 2,741 thousand).
• Total Cash Flow: SEK 2,711 thousand (up from -2,023 thousand).
• Cash Equivalents: SEK 16,196 thousand (up from 8,700 thousand).

Heliospectra CEO’s Commentary

Bonny Heeren, CEO and Interim CFO of Heliospectra AB, expressed gratitude to shareholders and highlighted the company’s achievements, including doubling revenue compared to 2022 and a net revenue increase of 92% after Q2 2023. However, Heeren also acknowledged that expectations for Q2 were initially higher, and several factors such as inflation, higher interest rates, and reduced energy prices impacted the horticulture lighting market.

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Image provided by Heliospectra AB.

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