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Analyst Comment

Bawat: Secures large fleet order with a value of approx. SEK 10.5m

By Kasper LihnHead of Research
Bawat Water Technologies

This morning, Bawat Water Technologies (Bawat) announced a large fleet order from a European customer for its Ballast Water Management System (BWMS). In today's trading, the share price is currently up by approx. 29%.

The fleet order is for more than 10 vessels and has a value of approx. SEL 10.5m. The fleet order reaffirms Bawat's order intake guidance for 2023, which is in the range of SEK 40-60m. In Q1 2023, Bawat reported an order intake of SEK 9.3m. 

The sales value of today's order is expected to be realized over the coming 14-18 months.

Read the full announcement here: https://view.news.eu.nasdaq.com/view?id=b2e21bcc3291469a98cf7537aa27b18fa&lang=en&src=listed

HC Andersen Capital receives payment from Bawat for a Digital IR/Corporate Visibility subscription agreement. /Kasper Lihn 10:47, 28 June 2023.

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Bawat Water Technologies operates in the maritime and industrial sectors. The company provides heat-based BWMS systems used for ballast water treatment. The system is suitable for ship solutions on board and for container facilities. Today, the company operates on a global level with the largest presence in the Nordic region and Europe. Bawat Water Technologies was founded in 2011 and is headquartered in Stockholm.

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