May 11th 2021

Interim report: Financing secured to initiate series production

Group financial development

Q1: January – March 2021

  • Net sales amounted to kSEK 97 (128)
  • Operating profit/loss (EBIT) amounted to kSEK -64,733 (-44,991)
  • Earnings per share before and after dilution SEK -0.61 (-0.51)
  • Profit/loss for the period amounted to kSEK -65,060 (-45,089)
  • Cash flow amounted to kSEK 498,911 (237,459)
  • Cash and bank balances amounted to kSEK 831,458 (293,221)

Significant events

Q1: January – March 2021

  • An MoU was signed with Svea Solar to jointly develop projects in Sweden using energy storage units with a total of 8 MW of installed power and more than 100 MWh in storage capacity.
  • Azelio’s directed share issue generated proceeds of SEK 596 million before transaction costs. Demand for shares in the issue was high.
  • Azelio won its second commercial order when Swedish-based Industrisupport i Åmål AB ordered two TES.POD units to store solar energy and supply electricity and heat from the storage.
  • Azelio’s sustainable technology was awarded by the Solar Impulse Foundation

For further information, please contact:

Jonas Eklind – CEO
Tel: +46 709 40 35 80

Fredrik Wäppling – CFO
Email: fredrik.wä
Tel: +46 709 91 12 34

This disclosure contains information that Azelio AB is obliged to make public pursuant to the EU Market Abuse Regulation (EU nr 596/2014). The information was submitted for publication, through the agency of the contact person, on 11 May 08:00 CET, 2021.

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. is using green hosting

Contact information

Lindholmsplatsen 1
417 56 Gothenburg

Phone: +46 532 100 20


© Azelio 2022