Resqunit AB publishes Half Year Report H1-2022

Resqunit AB (publ) ("Resqunit") August 31st, 2022, at 16.30 CET - publishes Half Year Report H1-2022

First half year 2022 - compared to first half year 2021

Group revenue have been limited in both periods
Operating profit amounted to -5,131 kSEK (-5,465)
Earnings per share -0,48 SEK (-0,52)

Key figures (SEK)

Jan-Jun 2022, Group (Jan-Jun 2021, Group Proforma)
Net sales                             43 887   (66 731)
Operating profit                -5 131 108 (-5 465 274)
Earnings per share           -0,48 (-0,52)
Equity per share               0,54 (1,71)
Outstanding shares         10 610 277 (10 610 277)
Solidity (%)                         61,61 (84,82)

CEO Helge Trettø Olsen comment:

"Through our outreach and awareness activities towards institutional stakeholders we have now created a solid position with our brand in several countries.  We have been gathering knowledge about a variety of regulatory incentives already implemented worldwide and will work with any governments and fisheries on how to effectively implement sustainable best practices in an affordable and non-intrusive manner."

Main events during H1 2022

• On February 10th, Resqunit announced a distribution agreement with West Coast Lobster License Sales Inc. in Australia
• On February 14th, Resqunit announced engagement of European key account sales manager José Silva
• On February 23rd, Resqunit announced the distribution agreement with Enterprises Shippagan ltd. in Shippagan, New Brunswick, Canada
• On February 28th, Resqunit announced engagement of CFO Henning Johannessen
• On March 1st, Mangold Insight released its analysis of Resqunit AB with the recommendation Buy, and the target price of SEK 9.80 per share in 12 months term
• On March 26th, Resqunit attended the biggest expo for commercial fisheries in Canada with live product demonstrations
• On April 6th, Resqunit received breakthrough initial order from Entreprises Shippagan in Canada
• On April 26th, Resqunit was present at the Seafood Expo Global in Barcelona meeting Norwegian Minster of Fisheries
• On May 12th, Resqunit was visited by Honorable Jamie Fox, Minister of Fisheries and Communities for the Province of Prince Edward Island in Canada, at Åkra, Norway, for product demonstration
• On May 23rd, CEO Helge Trettø Olsen and KAM Jose Silva introduced the concept to leading researchers in ghost fishing at the Center of Marine Science (CCMAR), Algarve, Portugal
• On June 13th, Resqunit participated in H2O Conference in Halifax Nova Scotia where Minister Steve Craig stated he was fully supportive of our products
• On June 16th, Resqunit Canada had product demonstrations to at Centre for Ocean Ventures & Entrepreneurship demo day in Nova Scotia, meeting with the Minister of Fisheries and DFO in attendence
• On June 27th, Resqunit attended UN Ocean Conference 2022 seeking to propel much needed science-based innovative solutions aimed at starting a new chapter of global ocean action

Important external event

On March 22nd, the United Nations Environment Assembly (UNEA) voted to formulate an international legally binding instrument by 2024 to end plastic pollution

Main events after the period

• On August 23rd, Resqunit was part of the discussion "Ghost gear and plastic pollution of the oceans - what can we do?" on stage at the Nor-Fishing fair in Trondheim, Norway, together with Minister of Fisheries in Prince Edward Island
• On October, Resqunit will attend as speaker at the Global Seafood Alliance GOAL 2022 conference in Seattle in October 2022