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04.02.2019 17:45:00

Photocat A/S: 4th Quarter Interim Report 2018

Main highlights during the fourth quarter of 2018

  • Successfully participated at the Danish Conference, Building Green, with a first ever real-life demonstration of photocatalytic acoustic panels for indoor application.
  • The first NOxOFF project secured in the Municipality of Frederiksberg (Langelands plads).
  • The Municipality of Frederiksberg launches 2019 plan for the implementation of NOxOFF.
  • Lauzon reports continued growth. The fourth quarter showed a 19 % growth compared to the fourth quarter in 2017. For the full year their growth is close to 50 % compared to 2017
  • Photocat saw its phase 2, and final application, for a photocatalytic exhibition project (MUDP "Fyrtårn”) approved by the Danish Environmental Protection Agency (Danish EPA). The project will run over a period of three years and the Danish EPA has granted the project a commitment of 3.5 MDKK.
  • Photocat initiates dialogue and is selected to be part of the Skagen Havn Dual Port Surface project.

Main highlights after the fourth quarter of 2018

  • Photocatalytic wood wool acoustics launched by Fibrolith in Germany with Photocat technology under the brand Pure Genius™.
  • Photocat A/S held an extraordinary general meeting giving the board of directors a mandate to increase the share capital in order to finance growth activities.
  • Skagen Havn is granted additional funds for a photocatalytic pilot program as part of the EU programme Dual Port.
  • Photocat A/S is granted rights to apply the PureGenius™ brand name to future indoor applications.

 

Amounts in DKK ‘000s1 Oct – 31 Dec
2018
1 Oct – 31 Dec
2017
Year-to-date
2018
Full Year
2017**
Revenue from photocatalytic fluid447.4810.24,458.84,303,4
Revenue from Consultancy, Equipment & Other179.7121.5822.51,767,4
Gross Profit-538.8362.9-271.7-327,8
EBITDA-979.9-191.0-3,042.1-4,537.0
P/L before Tax-1,483.8-747.4-5,286,7-7,150,2
Net Profit-1,302.5-669.5-5,020.1-6,827,6
Total Assets14,638.015,981,314,638.015,981,3
Equity7,667.311,320,77,667.311,320,7
Debt6,970.74,610,56,970.74,610,5
Cash at Hand37.4811,137.4811,1
** Audited

 

The information in this interim report requires Photocat A/S to publish the information in accordance with the EU Market Abuse Regulation and the Securities Market Act, The information was submitted for publication on 4 February 2019 at 17:45 CET.

 

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