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Half year financial report Seluxit – first half year 2018/2019
Company Announcement No. 6-2018/2019
Aalborg, February 21st, 2019
Seluxit’s half year report shows a result, as expected, strongly influenced by the IPO process. The expectations for the entire financial year 2018/2019 are maintained.
• Turnover of approx. DKK 5 million
• Profit before tax and special items of approx. DKK -4.3 million
• Costs for IPO of approx. DKK 3.7 million
• Gross proceeds from IPO of DKK 26 million
CEO Daniel Lux, Seluxit:
”During the first half of the financial year 2018/2019, a significant focus has been on IPO. It has been an incredibly exciting and educative process, which of course has required a considerable allocation of resources, but it has also made Seluxit ready for growth. The listing has furthermore contributed to raising awareness of Seluxit in the market, and we have seen strong growth in inquiries from potential customers, primarily Danish companies.
After the closing of the half year results, we have continued to follow out plan and have received 2 large orders for the Smart Meter segment, respectively. DKK 4-5 million and DKK 1.5 million, which have been communicated in Company Announcements 4 and 5.
We maintain the revenue and profit expectations for the entire financial year 2018/19, as stated in the Company Description (”Virksomhedsbeskrivelse”) published on the 18th of October 2018 ”.
Attached file: Seluxit half year report H1, 2018/19.
Further information: CEO Daniel Lux
Tel. +45 46 922 722
CVR/VAT nr. 29 388 237
Norden CEF ApS, V/ John Norden
Tel: +45 20 720 200
CVR/VAT nr. 31 933 048
Seluxit is an Internet of Things (IoT) solution provider. We help product manufacturers connect their physical products to the Internet, and benefit from the value of data. Millions of Seluxit-powered IoT products are already deployed in 19 European countries and counting. Seluxit’s vision is to be a major contributor to the story of the Internet of Things — how we humans can orchestrate connected products to improve our lives, while preserving our security and privacy.