Success in business areas. Cash flow and EBITA positive. The keynote is developing positively. Net sales amounted to 14.8 MSEK for 2023 and 6.1 MSEK for Q4.

Year-end report
1 October – 31 December 2023

Figures in brackets are comparative figures for the same period in 2022.

Fourth quarter 2023 Group

Success in the business areas.
The tone of the company is developing favourably.

IT. HPC continues to develop in the same direction. Positive fundamental tone and halved market risk on sales with new collaboration. The business area is expanding in a controlled manner and the pace is expected to increase in Q1-Q2 for 2024.

ENVIRONMENT. Strong national and international interest. New partnerships are being negotiated. The company engages ambassadors to get the message out. The company is in dialogue with players to increase sales. This is a long-term endeavour, where we are aiming for larger agreements.

TECHNOLOGY. Development proceeds according to plan for Co2 decomposition technology

CASH. Liquidity is secured by financing agreements. Positive cash flow.

OWNERSHIP. 10 largest owners have 59% of the company and have not changed the net during Q4.

Note that comparisons with the previous year's figures reflect different types of operations. The company has built up new activities during the financial year.

Q4 2023-10-01-2023-12-31

  • Net sales 1 Oct to 31 Dec 6.1 MSEK (9.3 MSEK)
  • Result EBITA 5 MSEK (5.6 MSEK)
  • The operating result amounts to -0.8 MSEK (-0.2 MSEK)
  • The cash flow from the period amounted to +0.3 MSEK (-1.0 MSEK)

Full year 2023-01-01 to 2023-12-31

  • Net sales amounted to 14.8 MSEK (43.3 MSEK).
  • The operating result amounted to -9.0 MSEK ( +4.8 MSEK)
  • Result EBITA +13.7 MSEK (+21.8 MSEK)
  • Cash flow for the full year amounted to +0.4 MSEK ( -3.9 MSEK)

Financial reports
The complete quarterly report for the period is available on the company's website www.creturner.com.
It is available in three languages, Swedish, German and English.

Financial calendar
Q1 2024: 2024-05-26
Annual Meeting: 2024-06-10

Contact details
For further information please contact:
Joakim Erlandson, CEO of Creturner Group AB (publ) on +46-70-8555255
or via e-mail joakim.erlandson@creturner.com.
Address: Taptogatan 6, 115 27 STOCKHOLM, Sweden
www.creturner.com
Creturner Group AB (publ) org: 559152-3013

About Creturner Group
Creturner Group AB is a group with two business areas within environmental technology.
The digital part is a technical computing business that is expanding to strengthen its long-term potential and create a presence in the rapidly growing market for computing capacity. The company has its own facilities in Sweden with its own energy production to reduce raw material costs and environmental impact.
The environmental technology part offers corporate customers an efficient and permanent method to carbon offset their operations. The method is based on CDR (Carbon Dioxide Removal), which involves converting residual biomass into the element carbon and depositing it to reduce the amount of CO2 in the atmosphere. Creturner's corporate customers can then purchase carbon offsets in the same way as traditional carbon offsets such as tree planting. Unlike tree planting, Creturner's method is immediate, permanent and clearly measurable.