July – September 2024

  • Net sales amounted to SEK 15.4 million (-).
  • Operating profit/loss amounted to SEK -27.1 million (-8.0).
  • Profit/loss after financial items amounted to SEK -33.7 million (-8.1).
  • Earnings per share, before and after dilution, amounted to SEK -0.46 (-0.11).
  • Cash flow from operating activities after changes in working capital amounted to SEK -41.9 million (11.0).

Significant events during the quarter

  • A first truckload of potassium sulfate was sent to the customer Van Iperen International.
  • After Northvolt's delays, the company has chosen to revise the timetable for the planned production facility in Skellefteå. The company assesses that Northvolt's non-delivery of sodium sulfate will entail additional costs of approximately SEK 25 million in 2024.
  • Cinis signed an agreement with Ragn-Sells which means that the company is paid to handle and upcycle sodium sulfate Cinis sent off the first shipload of potassium sulfate, which was re-sold to growers in approximately 25 countries, across the world.

January – September 2024

  • Net sales amounted to SEK 15.4 million (-).
  • Operating profit/loss amounted to SEK -61.3 million (-22.1).
  • Profit/loss after financial items amounted to SEK -70.2 million (-21.3).
  • Earnings per share, before and after dilution, amounted to SEK -0.97 SEK (-0.29).
  • Cash flow from operating activities after changes in working capital amounted to SEK -87.4 million (30.6).

Significant events after the quarter

  • Cinis delivered another shipload of potassium sulfate and achieves a positive cash flow from operating activities in October.
  • Extraordinary general meeting in Cinis Fertilizer was held on October 31.
  • Cinis established a green finance framework and successfully issued senior secured dark green bonds amounting to SEK 550 million. The funds will be used to refinance existing debt, as well as general corporate purposes, including an increased buffer.