Creturner Group - Interim Report Q2 .

1 April - 30 June 2024
Figures in brackets are comparative figures for same period 2023
Second quarter 2024 Group
- FINANCE. Debt has decreased significantly - external debt under control
- IT. The digital HPC side showed good progress before technology challenges arose
- IT. Technology challenges resolved after negotiation with hardware manufacturers
- ENVIRONMENT. Environmental technology shows great interest but expansion delayed by funding challenge
- ENVIRONMENT. Most international dialogues continue
- TECHNOLOGY. Additional patent application filed
Group
- Result before depreciation Q2 +1.2 MSEK (+3.2)
- Result after depreciation Q2 +0,8 MSEK (-4,0)
- Revenue for the quarter fell 38% to SEK 2.8m (4.5m)
- Profit before depreciation H1 +1,9 Mkr (+6,0)
- Result after depreciation H1 -4,4 MSEK (-10,1)
- Earnings per share Q2 +0,02 SEK
- Earnings per share H1 -0,01 SEK
Creturner Group AB is a group with two business areas in environmental technology.
The digital part is a technical computer business that is expanding to strengthen its long-term potential and create a presence in the rapidly growing market for high-performance computing (HPC) capacity. The company has its own facilities in Sweden with favourable energy production to reduce raw material costs and environmental impact.
The environmental part offers corporate customers an efficient and permanent method to offset their operations. The method is based on Bio-CCS (Carbon Capture and Storage), which involves converting residual biomass into the element carbon and storing it to reduce the amount of carbon dioxide in the atmosphere. Corporate customers of Creturner can then purchase carbon offsets in the same way they traditionally offset climate change, for example by planting trees. Unlike tree planting, Creturner's approach is immediate, permanent and clearly measurable. Monitoring is done through linked smart contracts that give the customer insight into the results and future financial return of the environmental investment. www.creturner.com
Creturner is listed on NGM Nordic SME in Stockholm and on the Stuttgart Stock Exchange in Germany.
Contact details
For further information please contact:
Daniel Moström, CEO of Creturner Group AB (publ) on +46-70-744 69 01
or via email, daniel.mostrom@Creturner.com
Address: Taptogatan 6, 115 27 STOCKHOLM, Sweden
www.creturner.com
Creturner Group AB (publ) org: 559152-3013