August 21st 2019

Interim report: Azelio develops on plan or better – a technical breakthrough increases the potential

Significant events

  • Expanded area of use for Azelio’s technology with verification also in Sweden
  • Memorandum of Understanding for sustainable electricity supply in Pakistan
  • Agreement with sales agent on renewable electricity for hospitals in Africa
  • Azelio’s CEO Jonas Eklind named “Mission Innovation Champion” at a ceremony in Vancouver
  • Invited to present the technology to the World Bank in Washington and visits UNHCR for evaluation of sustainable electricity supply to refugee camps in Jordan

Group financial development

  • Income for the period including own work capitalised amounted to SEK 37,556,000 (17,571,000)
  • Operating profit/loss (EBIT) decreased to SEK -33,024,000 (-24,493,000)
  • Earnings per share SEK -0.78 (-0.10)
  • Profit/loss for the period decreased to SEK -33,053,000 (-24,429,000)
  • Cashflow decreased to SEK -57,967,000 (93,451,000)
  • Cash and bank balances amounted to SEK 200,186,000 (114,152,000)

This press release contains such information that Azelio AB (publ) is required to publish in accordance with the EU Market Abuse Regulation. The information was published for public disclosure on August 21st, 2019 at 14:00 CET through the agency of the contact person set out above. 

Azelio is a Swedish cleantech company. We have developed an ingenious long duration energy storage technology, providing dispatchable electricity and usable heat for all hours of the day – with zero emissions and at a very competitive cost.

www.azelio.com is using green hosting

Contact information

Azelio
Lindholmsplatsen 1
417 56 Gothenburg
Sweden

Phone: +46 532 100 20

Email: info@azelio.com

© Azelio 2022