2022-08-26
08:30 CEST

AVTECH Sweden AB Interim Report January – June 2022

FINANCIAL KEY FIGURES FOR THE PERIOD

	2022	2021	2021
MSEK	Quarter 2	Quarter 1	Quarter 2
Net turnover (sales)	5.5	4.5	2.7
Operating profit before depreciation	+2.3	+1.6	+1.0
Net profit	+1.4	+0.7	+0.3
Net profit per share, SEK	+0.025	+0.012	+0.006
Cash flow	+1.1	-0.5	+1.3
Cash and cash equivalents	10.8	9.7	9.1
Equity	27.2	25.8	24.8
Equity per share, SEK	0.48	0.46	0.44
Equity ratio, %	90.6%	91.1%	91.5%

Sales have continued to increase during the second quarter of the year thanks to additional agreements in Q1, increased flying and rising dollar exchange rate. The increase is 22.5% compared to the previous quarter and 106% compared to Q2 2021.
Continued growth in net income increasing by 100% since the previous quarter and 335% compared to Q2 2021.
Positive Cash flow during the second quarter.

Financial reports are available at www.avtech.aero/report.

https://old.avtech.aero/press-release-english

The information was submitted for publication, through the agency of the contact persons set out below, at 2022-08-26 08:30 CEST.

About AVTECH Sweden AB (publ)

AVTECH develops products and services for digital air traffic control systems. Customers are the aviation industry's various players such as airlines, airports, aviation, technology companies and aircraft manufacturers. With the help of the company's products and services, each individual flight or the entire flight operation can be optimized in terms of economy, noise and emissions, efficiency, punctuality and safety. The head office is in Stockholm / Kista. AVTECH Sweden AB (publ) is listed on NASDAQ First North Growth Market and has appointed Redeye AB to certified adviser.