Heliospectra AB (publ) Interim Management Statement January – September 2017

”…more than 120% growth compared to the same quarter last year.”

(GOTHENBURG, Sweden/SAN FRANCISCO, CA, October 27th, 2017) – Heliospectra AB (publ) (OTCQB: HLSPY, FIRSTNORTH: HELIO), a world leader in intelligent lighting technology for controlled environments horticulture, presents today their Interim Management Statement for January - September 2017.

Turnover and profit/loss January - September

· Net sales amounted to 19,550 (16,189) KSEK
· Operating profit/loss amounted to -25,611 (-30,316) KSEK
· Profit/loss after tax was -25,701 (-30,409) KSEK or -0,73 (-1,63) SEK per share

Significant events

Januari – March

April – June

July – September

Events after the end of the period

A Word From the CEO

Dear shareholders of Heliospectra AB (publ),

I am proud to announce record-breaking results for our third quarter achieved through revenue growth and more profitable business. Heliospectra third quarter results reflect strong execution in many business areas, from creating customer-centric, value-based processes to offering the industry’s most advanced product portfolio. These gains validate the long-term strategy we put in motion in the beginning of the year.

In Q3, sales reached an all-time high among all quarters with more than 120% growth compared to the same quarter last year. This resulted in year-to-date order intake growth of 52% and a net sales growth of 21% compared to last year, a steady improvement we continued from the first half. Although microeconomic challenges persisted, the execution of our profitability improvement program contributed to a 16% improvement in our bottom-line compared to the year-ago period.

In July, we announced our Control and Automation software, CORTEX, which will launch commercially in Q1 2018. After 3 months it is clear, from both revenue and Net Promoter Score perspectives, that CORTEX is gaining strong traction from food growers who see the value in our control system in improving their production quality and bottom-line results.

To accelerate growers’ realization of these benefits, we expanded our world-class team of plant and lighting technology experts and introduced Heliospectra Technical Services. Through this new offering, growers are now provided with a range of consulting services from systems integration and cultivation training to feasibility studies required for greenfield projects. Heliospectra Technical Services will further delight our customers and extend Heliospectra’s competitive lead this fall and well into the future.

I am proud that as a company we are increasingly and relentlessly focused on driving business momentum. We will continue demonstrating strong execution against our long-term strategy while we create new opportunities for future growth. This is the way, we believe, to create sustainable value for our shareholders, our customers, our employees and the world around us. 

Ali Ahmadian, CEO
Heliospectra AB (publ)

For the full report: http://ir.heliospectra.com/en/financial-reports/ 

Gothenburg 2017-10-27

Investor Relations:

Ali Ahmadian, CEO of Heliospectra | +46 (0)72 203 6344 |


Redeye is Heliospectra Certified Advisor for Nasdaq First North - www.redeye.se


About Heliospectra

Heliospectra AB (publ) (OTCQB: HLSPY, FIRST NORTH: HELIO) is the industry’s most proven intelligent lighting technology for greenhouse and controlled plant growth environments. With the vision to make commercial crop production more connected and resource-efficient, growers and commercial producers across six continents use Heliospectra holistic and flexible solutions to consistently increase yields while producing crops that achieve quality appearance, superior nutritional or medicinal value and longer shelf life, harvest after harvest. Founded in 2006 and winner of multiple international awards and recognitions, Heliospectra has raised more than $32 million in capital to date. As a publicly traded company, the majority ownership remains with some of Heliospectra earliest investors Weland Steel, Swedish Industrial Fund and Midroc New Technology. For more information, please visit https://www.heliospectra.com.

Forward-Looking Statements

The statements in this press release constitute forward-looking statements within the meaning of federal securities laws. Such statements are based on our current beliefs and expectations and are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are beyond our control. In addition, such forward-looking statements are subject to assumptions with respect to future business strategies and decisions that are subject to change. Potential risks and uncertainties include, but are not limited to, technical advances in the industry as well as political and economic conditions present within the industry. We do not take any obligation to update any forward-looking statement to reflect events or developments after a forward-looking statement was made.

This information is information that Heliospectra AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 08.00 AM CEST / 3 AM EDT on
October 27, 2017.


Heliospectra Interim Report 2017.pdf