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OX2 AB (publ) reports its result for the third quarter of 2022 today

October 27, 2022, 08:00
 Regulatory
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July-September 2022

  • Net sales amounted to SEK 2,311 million (600)
  • Operating income amounted to SEK 30 million (24)
  • The operating margin amounted to 1.3% (4.1)
  • Profit for the period totaled SEK 44 million (15)
  • Earnings per share before and after dilution amounted to SEK 0.16 (0.06)
  • Cash flow from operating activities amounted to SEK -129 million (143)

January-September 2022

  • Net sales amounted to SEK 5,401 million (2,553)
  • Operating income amounted to SEK 498 million (97)
  • The operating margin amounted to 9.2% (3.8)
  • Profit for the period totaled SEK 459 million (97)
  • Earnings per share before and after dilution amounted to SEK 1.68 (0.38)
  • Cash flow from operating activities amounted to SEK 765 million (231)

CEO comments

“Net sales rose during the quarter, driven by good progress in the construction portfolio. We signed our first agreement for the sale of offshore wind projects while our development portfolio grew significantly as our offshore projects outside Åland were included in the portfolio. In addition, we completed our first acquisition in Spain through the investment of a solar project.”

Webcast and telephone conference

A webcast and telephone conference of the company’s interim report for the third quarter 2022 will be held today at 10.00 (CEST). The presentation will be given in English

Link to the webcast: https://ir.financialhearings.com/ox2-q3-2022

Call information:
SE: +46 8 5051 6386
UK: +44 20 319 84884
US: +1 412 317 6300
PIN: 0224750#
 
Ask written questions by email via ir@ox2.com
Ask questions live by calling on the telephone numbers above.

For further information, please contact:

Henrik Vikström
Investor Relations Director
+46 70 952 80 06
ir@ox2.com

About OX2 AB (publ)

OX2 develops, constructs, and sells onshore and offshore windfarms and solar PV farms. OX2 also offer management of wind- and solar farms after completion. OX2’s project development portfolio consists of in-house developed as well as acquired wind and solar projects in various phases of development. The company is also active in developing projects based on other renewable energy technologies, such as hydrogen and energy storage. OX2 is operating on eleven markets in Europe: Sweden, Norway, Finland, Estonia, Lithuania, Poland, Romania, France, Spain, Italy and Greece. Sales in 2021 was about 5 billion SEK. The company has almost 300 employees and is headquartered in Stockholm, Sweden. OX2 is listed on Nasdaq Stockholm since 2022. www.ox2.com

This information is information that OX2 is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 2022-10-27 08:00 CEST.

Attachments

Q3 2022

Attachments