“The resent period has been characterised by a lot of hard work getting financing in place alongside pushing the project portfolio forward. Our dedication to advancing the global development of commercial floating wind power has entailed significant progress, solidifying our position as a leading player in the sector.”
JANUARY-MARCH
- Net revenue amounted to 1.7 (5.7) MSEK
- Operating profit/loss was -54.5 (-19.4) MSEK
- Profit/loss before tax for the period was -47.4 (-18.4) MSEK
- Earnings per share basic and diluted was -0.13
(-0.05) SEK - Cash flow from operating activities was -38.6 (-21.8) MSEK
Q1 HIGHLIGHTS
ITALY : 7,100 MW grid connection option agreement.SCOTLAND : Granted Planning Permission in Principle to proceed with onshore infrastructure plans of the 100 MW Pentland Floating Offshore Wind Farm.TAIWAN : Hexicon entered a partnership with IX Wind for a ground-breaking 1,300+ MW floating offshore wind project inTaiwan .
HIGHLIGHTS AFTER Q1
SWEDEN : Application submitted for the 2,500 MW wind farm Mareld.- TECHNOLOGY: The Swedish Patent and Registration Office (PRV) dismissed a competitor's objection regarding the TwinWind™ design.
HEXICON : Secured a long-term loan agreement of up toEUR 45 million with Glennmont Partners.
COMMENT FROM
HARD WORK PAYS OFF
The resent period has been characterised by a lot of hard work getting financing in place alongside pushing the project portfolio forward. Our dedication to advancing the global development of commercial floating wind power has entailed significant progress, solidifying our position as a leading player in the sector.
Securing financial flexibility
Following the period,
Rapid progress in the Mediterranean
One of our most significant accomplishments during the period was the approval of six out of seven floating wind sites for connection to
Power generation beyond the horizon
Another key milestone achieved after the period was in our home market of
Unwavering dedication and exciting opportunities ahead
The past period has been an intense one to say the least. In parallel to getting the
Additional efforts have been placed towards streamlining the organisation recently, achieving a reduced monthly cost base whilst keeping up current growth plans. Such effects will be seen as of next report. We are in process to appoint additional project staff in the near term as new investors farm in to selected projects.
In summary, the accomplishments in the recent period have been both inspiring and transformative. The challenges we face are significant, but our unwavering dedication, innovative technology, and strategic partnerships have positioned
CEO
PRESENTATION
Link to the webcast: https://ir.financialhearings.com/hexicon-q1-2023
LINK TO THE REPORT
The report will be available for download at: https://www.hexicongroup.com/hexicon_interimreportq12023/
For more information, please contact:
+46 708 88 05 02
jonna.holmgren@hexicongroup.com
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