Kort om Photocat
Photocat är specialiserade mot att erbjuda fotokatalytiska produkter som används för att minska luftföroreningar. Produkterna används som beläggning på tak, asfalt, betong, fasader och övriga gjutna strukturer, både anpassade för inomhus- och utomhusytor. Idag innehas verksamhet globalt, med störst närvaro på den nordiska marknaden.
Presentation av Photocat
Photocats senaste rapport
VD ord från rapporten
The first half year of 2019 shows a revenue of 4.1 mDKK which is a growth in revenue and other operating income of 12,2 % compared to the first half of 2018 – and for the first time with a positive EBITDA. The EBITDA has grown from -782,9 tDKK first half of 2018 to 110,5 tDKK in first half of 2019.
Revenue and other operating income is in a positive development. We are confident about our customer base is growing as well as turning into repeatable business. The development we have seen with the customers shows that their products using our technology are finding way to market and end customers. The city of Frederiksberg, one of the cities with the highest population densities in Northern Europe, has decided to use NOxOFF pavements to reduce air pollution. In april the Major opened the first NOxOFF installation on Langelands Plads with a celebration.
The Photocat team was proud of experiencing the opening. In addition, pavements along one of the main roads on Frederiksberg have been paved with NOxOFF pavement stones.
For the NOxOFF brand and technology, we have seen a positive development on the German market. The company F.C. Nudling is one of the original inventors of the aircleaning technology. The company is the owner and licensor of Airclean brand. In co-operation we have evaluated Photocats technology and found it highly competitive. The first order has been delivered. In Denmark, we have seen a major concrete player (IBF) securing the rights to market NOxOFF in Denmark and prepare a launch in the second half of 2019. Further, we are developing the possibilities of a wider launch of NOxOFF solutions in concrete pavements in Norway and Sweden. We are also pleased with the development of the NOxOFF brand in the bitumen market. New leads develop and existing customers experience
Photocat Garden has also experienced growth as the product has been launched in in Norway in the first half of 2019. In the second half of the year ,we will make a feasibility study of the market potential for Photocat Garden in Spain in co-operation with our local partner.
Within the indoor technology, we continue to see growth in in-market sales of Pure Genius. The flooring business was up 26,3 % in sales in US and Canada from first half year of 2018 to first half year of 2019. The Fibrolith company who earlier launched acoustic ceiling products with Photocats technology in Germany has won the first projects.
Besides increasing sales we experience an increasing awareness about Photocatalytic technology. UN declared 4 innovations crucial to tackle air pollution. Two of them are based on photocatalytic technology. This is
another indicator of the increasing awareness of our technology even at the highest political levels.
In Denmark the official calculation of the cost burden of one kg of NOx has been updated in the first half of 2019. The official calculations are now using the systematic and structure of Photocats cost benefit calculations. Thus one kg of NOx corresponds to 600 DKK in public health cost. This number is considerable higher than the previous official number. For Photocat offerings this means that the payback time has been reduced increasing the competitiveness of Photocats technology in the market!
Finally, Photocat prepared to increase its share capital and completed a private placement round in April. The capital raised was 8.9 mill SEK.
Kort om Photocats aktie
Marknad: First North Stockholm
Börsvärde: 43 Msek
Börsutveckling: +27 %
Analys av Photocat
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Personlig kommentar gällande Photocat
Photocat är ett aningen okänt greentech bolag för den stora massan, som har produkter för att minska luftföroreningar. Har haft bolaget under bevakning under det senaste året och beslutade mig för att ta en mindre position pga den låga värderingen och potentialen. I den senaste rapporten redovisade Photocat till och med positivt EBITDA. Nyligen gjorde även en större emission till investerare och ledningen utan rabatt. Kassan är således påfylld och bolaget närmar sig lönsamhet.
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