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TC TECH has published its interim report

TC TECH has today published its interim report for the period to 31 March 2017.

In the first quarter of 2017, net sales amounted to 3 141 (0) TSEK, net profit/loss to -4 472 (-6 343) TSEK and cash flow from operating activities to -4 095 (-6 966) TSEK. In April, TC TECH’s Roll to Sheet system (RtS) was cleared for shipment to the customer in Taiwan. This new handling equipment has been developed in close cooperation with the customer, and was cleared at TC TECH’s premises in Spånga under conditions similar to full-scale production. The RtS equipment will now be made available to the customer for three months of evaluation, part of the time in full-scale production. 

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TC TECH has published its Summarized Financial Statements

TC TECH has today published its Summarized Financial Statements for the financial year 2016.

In the fourth quarter of 2016, net sales amounted to 0 (0) TSEK, net profit/loss to -5 046 (-5 759) TSEK and cash flow from operating activities to -3 591 (-399) TSEK. Net sales for the financial year 2016 totalled 0 (0) TSEK, net profit/loss -22 816 (-9 166) TSEK and cash flow from operating activities -18 727 (-4 129) TSEK. After year-end, TC TECH passed an important milestone of its development, as the first of the two production systems delivered to Taiwan was approved. The second of the two systems shipped to Taiwan has reached an equivalent quality status, and will now be fitted with a roll-to-sheet equipment. This product development will be conducted in close cooperation with the customer. 

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TC TECH Sweden AB (publ) - Interim Report 30 September 2016

Net sales amounted to 0 (0) TSEK in the third quarter of 2016. Net profit/loss totalled -5 498 (-1 381) TSEK in the third quarter of the year. Cash flow from operating activities was -3 847 (-932) TSEK in the period from 1 July to 30 September 2016.   Net sales amounted to 0 (0) TSEK in the first nine months of 2016, while net profit/loss totalled -17 769 (-3 407) TSEK in the period from 1 January to 30 September 2016. Cash flow from operating activities was -15 135 (-1 601) TSEK in the period from 1 January to 30 September 2016. No other significant developments have occured since 30 September 2016.

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Extraordinary shareholders’ meeting held by TC TECH Sweden AB (publ)

TC TECH Sweden AB (publ) held an extraordinary shareholders’ meeting today, at the premises of Netport in Karlshamn. Approximately 67 % of all issued shares were represented at the meeting. 

In line with the proposal submitted by the nominating committee, it was resolved that a total number of six board members (with no alternates) be elected for the period up to the AGM 2017. Furthermore, it was resolved to elect Anders Lönner new board member of TC TECH. In addition to Mr Lönner, the board consists of Peter Mattisson (chairman), Jörgen Brandt, Cecilia Jinert Johansson, Sven Löfquist and Per-Anders Johansson, as elected by the AGM in May 2016. Directors’ fees will be paid in accordance with the decision taken by the AGM in May 2016, which means that the total remuneration paid by the company will increase by 50 000 SEK as the number of board members has increased by one. 

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TC TECH Sweden AB (publ) publishes its interim report as of 30 June 2016

Net sales amounted to 0 (0) TSEK in the second quarter of 2016. In the same period, net profit/loss totalled -5 928 (-857) TSEK. Cash flow from operating activities was -4 323 (-541) TSEK in the period from 1 April to 30 June 2016. In the first half of 2016, net sales amounted to 0 (0) TSEK, while net profit/loss totalled -12 272 (-2 025) TSEK. Cash flow from operating activities was -11 289 (-669) TSEK in the period from 1 January to 30 June 2016.

After 30 June the company has made a directed issue of 650 000 new shares, whereby liquid funds increased by 13.3 MSEK and Anders Lönner became TC TECH's second-largest shareholder. On 23 August the company published a notice convening an extraordinary general meeting, the purpose of which is to appoint Anders Lönner Director of the Board. 

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IR contact

Tommy Nee
CFO
Tel: +46(0)706 19 57 63
E-mail: tommy.nee@tctech.se

Certified Adviser

TC TECH has appointed Arctic Securities AS as its Certified Adviser.

Arctic Securities AS, Sweden bransch
Biblioteksgatan 8
SE-111 46 STOCKHOLM
Tel: +46(0)8 446 860 80
Web: arctic.com/secse/en

IR-kontakt

Tommy Nee
CFO
Tel: +46(0)706 19 57 63
E-mail: tommy.nee@tctech.se

Certified Adviser

Bolaget har utsett Arctic Securities AS, filial Sverige till Certified Adviser.

Arctic Securities AS, filial Sverige
Biblioteksgatan 8
111 46 STOCKHOLM
Tel: +46(0)8 446 860 80
Web: www.arctic.com/secse/