Midsummer’s revenues for the first three months of 2019 amounted to TSEK 18,688, which can be compared with net sales of TSEK 53,021 for the fourth quarter of 2018. Operating loss for the first three months of 2019 was TSEK -4,943, which can be compared with operating profit of TSEK 5,037 for the fourth quarter of 2018.
“Our customers have waited for the outcome of the green bond before making new investments. With the green bond in place, the sales discussions have taken off and reached a new momentum, and we anticipate accelerated sales in the future thanks to these new opportunities,” said Sven Lindström, CEO of Midsummer AB.
During the first quarter of 2019, the company worked out a Green Bond Framework, and prepared the Green Bond that was issued at the beginning of the second quarter. It entails a contribution of SEK 200 million to Midsummer’s cash, minus issue costs.