Turnover 11.6 MSEK. Gross margin 66%. Net result 1.2. Cash flow +4.5 MSEK
1 April – 30 June 2022
Numbers in parentheses are in comparison to the same period in 2021 in the mother company.
First Quarter 2022 – Xpecunia Group
- Net turnover increased to 11.6 (7.2) MSEK
- Gross margin was 66 % (87 %) MSEK
- Net margin was 10 % (53 %)
- Net result was 1.2 (3.8) MSEK
- Cashflow from operating activities was 4.5 (4.9) MSEK
- Xpecunia shares are now listed in Germany on the Stuttgart Börse
CEO Daniel Moström comments:
” Development is strong in Xpecunia. The second quarter was challenged with a continued turbulent environment in the digital economy and energy prices. Financial consolidation now gains increased importance and affects the forward-looking expansion towards creating an even higher degree of own stability with the aim of further raising the gross margins permanently. Focus on energy is the long-term key.
The investment in our own energy has partially counteracted higher production costs during the period, with the powerful expansion that is underway a further effect is expected. The expansion of own energy takes longer than the expansion of production capacity. The volatility of market prices has a greater impact on the operating profit until the own manufacturing effect is fully engaged.”
Xpecunia is fundamentally a technical computing company that is expanding to strengthen the 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 company is listed on NGM Nordic SME in Stockholm, Sweden and on the Stuttgart Stock Exchange in Germany.
The complete quarterly report for the period April to June 2022 is available on the company's website www.xpecunia.com. It is now available in three languages, Swedish, German and English.
Q3 2022: 2022-10-28
Q4 2022: 2023-02-08
CEO: Daniel Moström – +46-70-7446901
Address: Taptogatan 6, 115 27 STOCKHOLM, Sweden
Xpecunia Nordic AB (publ) company registration number: 559152-3013