July 12, 2023
Energifonden Sverige hereby submits a progress update for the Group with a condensed half-year report for the period 1/1-23 to 10/7-23.
Turnover: SEK 226 million
EBITDA: SEK 120 million
Net profit after tax: SEK 100 million
Cash and bank: SEK 200 million
Other assets: SEK 27 million
Equity: SEK 159 million
Loans and other liabilities: SEK 68 million
Unutilized credit facilities: SEK 230 million
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Energifonden Maritime AS has sold its vessel “Agneta Pallas 2”. The return on investment far exceeded the budgeted ROI. Energifonden is working continuously to find new projects and vessels to invest in and is in discussions with various shipyards in South Korea and Japan about the construction of new tankers.
Pallas Energy AB is developing according to plan and all infrastructure is in place with the terminal in the port of Gothenburg. The first deliveries have been made and the company is now entering phase 2 with a focus on growth and product development.
Energifonden Renewables currently has no investments/active projects but is continuously evaluating new projects that meet Energifonden's list of requirements.
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Fredrik M. Johansson CEO/Owner Energifonden Sverige AB