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2020-10-29

TC Tech Sweden AB (publ): TC TECH Sweden AB (publ) publishes its interim report as of September 30th, 2020

Net sales amounted to 0 (4 717) TSEK in the third quarter of 2020. In the same period, net profit/loss totalled -4 925 (-6 261) TSEK. Cash flow from operating activities was -3 125 (-2 243) TSEK in the third quarter of 2020. 

Net sales amounted to 105 (9 835) TSEK in the first nine months of 2020, while net profit/loss totalled -17 581 (-21 633) TSEK. Cash flow from operating activities was -13 453 (-18 190) TSEK in the period from January 1st to September 30th 2020. 

Developments in the third quarter of 2020

The company has still very limited possibilities to physically meet with customers and potential customers due to the Covid-19 pandemic. Instead, digital meetings are being frequently used. Testing activities for customers in Asia at TC TECH's facility in Spånga are however ongoing. Other business operations are also, for the most part, continuing as planned with the exception of the mentioned limitations regarding marketing activities.

Developments after September 30th, 2020

The board of directors of TC TECH Sweden AB (publ) announced their decision to conduct a directed share issue of maximum 1 540 000 shares in accordance with the authorization granted from the company's annual general meeting on May 14, 2020. The share issue will increase the company's share capital with maximum 123 200 SEK, while the company receives approx. 10,6 MSEK in cash.

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