Resqunit AB publishes Annual Report 2023

Resqunit AB (publ) ("Resqunit") May 31, 2024, 20:00 CET - publishes Annual Report 2023

2023 COMPARED TO 2022
Group revenue have been limited in both years.
Operating profit amounted to -18 061 983 SEK (-9 324 973 SEK)
Earnings per share -1,57 SEK (-0,86 SEK)

EXCERPT FROM THE REPORTS CEO LETTER

"Amidst our ongoing efforts to address the critical environmental issues stemming from lost fishing gear, we must also confront the challenging economic landscape that confronts us. As reflected in our financial statement, our accounts have been significantly impacted by the decision to write down our intangible assets.
...
Recognizing the undeniable need for our product in the market from an environmental perspective, we are now pivoting towards a different approach. In 2024, we will strive to scientifically document the environmental impact of our product through controlled studies. This evidence will bolster our case for implementing regulatory incentives aimed at promoting broader adoption within the industry"

DISCLOSURE REGULATION

This information is information that Resqunit AB is obliged to make public pursuant to the EU Market Abuse Regulation 596/2014. The information in this press release has been published through the agency of the contact persons set out above, on Mai 31, 2024, at 20.00 CET

This release will also be available at https://www.resqunit.com/financial-reports/

Certified Advisor 

Svensk Kapitalmarknadsgranskning AB (SKMG)
 

For more information, please contact: 

Helge Trettø Olsen, CEO, Resqunit AB 
Email: [email protected] 
Telefon: +47 901 68 908 

About Resqunit AB 

Resqunit is an ocean technology company that develops innovative equipment to disarm and retrieve lost fishing gear. Through the collection of sensor data and software, the company wants to increase knowledge about the ocean and increase catch predictability. Every year, between 500 000 and 1 000 000 tons of fishing gear disappear at sea, including 25 million fishing pots. A significant part of this consists of plastic, which over time dissolves in microplastic particles and enters the food chain. Lost gear harms fisheries, animal populations and the environment. Resqunit AB (publ) was founded in 2021 as a parent company (listco) with 100% of the shares in the Norwegian subsidiary Resqunit AS, founded in 2017.