GWS Production AB (publ) publishes interim report for second (2) quarter 2018
Summary of interim report
"Mother company" or "GWS", comprises of GWS Production AB with company number 556776-4674, without subsidiaries. "The Group" comprises the Mother company, including subsidiaries. At June 30, 2018, the Mother company owned 51% of the shares in Travelogix Ltd, 100% of the shares in GWS Production (Singapore) Pte Ltd, 99,99% of the shares in GWS do Brasil Solucões e Sistemas Tecnológicos em Seguranca Ltda and 35% of the shares in Carefindy AB (minority interest).
THE GROUP
First six months (2018-01-01 to 2018-06-30)
· Net turnover amounted to 8 796 (6 508) TSEK.
· Result after financials and minority share amounted to -5 096 (-6 117) TSEK.
· Result per share* before dilution amounted to -0,32 (-0,43) SEK.
· Result per share* after dilution amounted to -0,30 (-0,39) SEK.
Second quarter (2018-04-01 to 2018-06-30)
· Net turnover amounted to 4 473 (3 260) TSEK.
· Result after financials and minority share amounted to -1 731 (-2 688) TSEK.
· Result per share* before dilution amounted to -0,11 (-0,19) SEK.
· Result per share* after dilution amounted to -0,10 (-0,17) SEK.
· The solidity** amounted to 63,4 (77,1) %.
THE MOTHER COMPANY
First six months (2018-01-01 to 2018-06-30)
· Net turnover amounted to 6 289 (4 069) TSEK.
· Result after financials amounted to -4 181 (-5 619) TSEK.
· Result per share* before dilution amounted to -0,26 (-0,39) SEK.
· Result per share* after dilution amounted to -0,24 (-0,36) SEK.
Second quarter (2018-04-01 to 2018-06-30)
· Net turnover amounted to 3 180 (2 044) TSEK.
· Result after financials amounted to -1 392 (-2 461) TSEK.
· Result per share* before dilution amounted to -0,09 (-0,17) SEK.
· Result per share* after dilution amounted to -0,08 (-0,16) SEK.
· The solidity** amounted to 68,3 (79,4) %.
Amounts within brackets regard comparative period last year.
*Result per share: result is divided by an average number of shares (after dilution includes average number of share options). The average number of shares for six months 2018: 15 945 407 (14 365 407) shares. Average number of shares for the second quarter 2018: 15 945 407 (14 365 407). Total number of shares in GWS on June 30, 2018: 15 945 407 (14 365 407) shares. The Company has issued 650 000 share options (2015/2019), of which, 427 885 have been signed for that can be converted to the same number of shares in the Company during March 2019. The Company has also issued 40 000 share options (2015/2019), all signed for, which can be converted into the same number of shares from July 8th, 2019 to July 24th, 2019.
The Company has also issued 670 000 share options (2016/2020), of which, 670 000 has been signed for, which can be converted into the same number of shares in the Company during April 2020.
The Company has furthermore issued 794 000 share options (2018/2021) which can be converted into the same amount of shares from December 13th, 2021 to December 17th, 2021.
**Solidity: Equity divided by total assets.
Significant events during the second quarter, 2018.
· GWS wins significant contract in Malaysia. Total contract value over 2 years is approximately 1,2 MSEK.
· GWS reach agreement with Tempest Security AB. The agreement is initially over 3 years with a minimum total value of approximately 940 TSEK.
· Annual general meeting in GWS 29 May, 2018. Information about resolutions taken are published in a Press release dated 29 May, 2018.
· Semmy Rülf, new chairman of the board of GWS, buys 200 000 shares in GWS from former chairman of the board and founder of the company, Lars Lidgren.
· GWS buys out of the contract with current sales partner GWS Asia in Malaysia. The compensation will be paid by issuing 611 162 shares in GWS Production AB.
The full report is available on the companys web page,www.globalwarningsystem.comFor additional information, visitwww.globalwarningsystem.com or contact
GWS CEO Andreas Rodman: +46 (0) 708 - 10 13 16. andreas.rodman@globalwarningsystem.com
About GWS Production AB and Safeture
GWS, Global Warning System, was founded in 2009, triggered by the experience with a global SARS epidemic, the 2004 Indian Ocean tsunami and the Mumbai terror attacks. The company offers a mobile device based, personal security service Safeture, in order to protect the traveler by real-time tracking and providing valuable real-time information about disasters and other threats that could impact on the traveler.
The GWS share is listed on NASDAQ First North Stockholm. Erik Penser Bank AB is the Certified Advisor.
This information is information that GWS Production AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 13.00 CET on 2018-08-28
PR GWS Q2 2018--
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The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: GWS Production AB via Globenewswire