Interim report three 2022
Stockholm 2022-11-21
Complete report is attached.
Dear shareholders,
We have finished the third quarter of the year and live in continued uncertain times that bring higher volatility and limited trading in the financial markets. Despite the current climate, we have taken advantage of investment opportunities and continue to work hard with our holdings and operations. As a whole, we are satisfied with the development of our group and the organizational changes we have implemented. Our industrial operations experiences continued steady growth with profitability and gives us further confidence that our long-term strategy is bearing fruit. With a stable underlying business, we will be able to continue to make attractive investments and create long-term value.
Our holding M.O.B.A completed the acquisition of LoLwiz and after the end of the period applied for a parallel listing on the OTCQX in the USA, which will be exciting to follow. Our in-house project ANTCO. has continued to execute on its strategy of acquiring minority stakes in growth companies and faces an exciting journey. After the end of the period, our holding MyFirstApp Group has also entered into a letter of intent to divest its business within Ed-Tech to ObsteCare, which is listed on Spotlight Stock Market.
We have a strong balance sheet and are well positioned in regards to our holdings. We will continue our hard work to create further stability and more investment opportunities. We have a diversified portfolio of companies in attractive industries where the majority of our holdings have good opportunities to increase market shares and grow their respective businesses. We will continue to be flexible and continuously evaluate our holdings in order to best allocate our resources and invest with the best possible return. There is a risk that the external factors will become more challenging, which affects most companies, therefore it is still important to have good cost control and work hard as it creates opportunities for the future. The fact that you, as shareholders, want to be part of this journey motivates us to even further to constantly seek the optimal route in order to create sustainable long-term shareholder value.
During the period, the group's equity amounted to SEK 102.3 million (2021 Q3; SEK 136.9 million). The group's turnover amounted to SEK 14.5 million (2021 Q3; SEK 9.4 million). The group's result for the period amounted to SEK -55.4 million (2021 Q3; SEK 2.7 million). The result is burdened by write-downs in accordance with the precautionary principle. The group's liquidity amounted to SEK 4.4 million (2021 Q3; SEK 12.9 million), and the inventory amounted to SEK 8.7 million (2021 Q3; SEK 4.9 million).
Our financial goals remain as below:
Financial target for 2025:
Assets (SEK 850-1250 million)
Turnover (SEK 65-100 million) and
EBITDA margin (10-15%)
Best regards,
Christian Kronegård
//
This press release is a translation from the main language, which is Swedish.
For more information, contact the company at:
Telephone: +46 (0)8-410 59 140
ir(at)nanocapgroup.com
www.nanocapgroup.com
NanoCap Group AB (publ)
NanoCap invests in growth companies, primarily unlisted, as well as develops and launches its own in-house projects. NanoCap employs a strategy to help each individual target company/investment to prepare for a listing in the near future. NanoCap’s approach is to, beside providing support regarding the listing processes, also to be involved in the respective target companies’ business- and strategy development.
Denna information är sådan som NanoCap Group AB (publ) är skyldigt att offentliggöra enligt EU:s marknadsmissbruksförordning (EU nr 596/2014). Informationen lämnades, genom angiven kontaktpersons försorg, för offentliggörande 2022-11-21 18:05 CET.
