BoMill Year-End Report, January – December 2020
19 March 2021, 08:00 CET
BoMill AB (”BoMill” or the “Company”) hereby publishes the Year-End Report for the period January 1 – December 31, 2020. The Year-End Report is available as an attached file to this release and on BoMill’s website. Below is a summary of the report.
CEO Andreas Jeppsson comments:
“2020 was an important year for us, we are indeed very optimistic about BoMill’s growth potential going forward. BoMill has a unique grain sorting technology which meets the demand from the industry, and with an even more focused sales strategy, we are building BoMill for growth in promising market segments.”
Net sales and income for the fourth quarter (October – December, 2020)
- Net sales amounted to KSEK 5 (KSEK -319).
- Net income after financial items amounted to KSEK -6 163 (KSEK -8 303). During the fourth quarter listing-related costs of a non-recurring nature amounted to KSEK 370 which have been deducted from equity.
- Net income per share amounted to SEK -0,52 (SEK -1,20).
- Cash flow during the fourth quarter amounted to KSEK 17 207 (KSEK -5 183).
Net sales and income for the financial year (January – December, 2020)
- Net sales during amounted to KSEK 57 (KSEK 2 443).
- Net income after financial items amounted to KSEK -21 582 (KSEK -25 480). During the year listing-related costs of a non-recurring nature amounted to KSEK 1 070 which have been deducted from equity.
- Net income per share amounted to SEK -1,81 (SEK -3,68).
- The equity / assets ratio, calculated as equity's share of total assets, amounted to 84% (62%).
- Cash flow during the year amounted to KSEK 21 128 (KSEK -6 918).
- As of December 31, 2020, cash and cash equivalents in the Company amounted to KSEK 25 346 (KSEK 4 218).
Highlights during the year
- In June 2020, BoMill conducted a Private Placement amounting to approx. SEK 14 million.
- On September 1, Andreas Jeppsson was appointed as CEO.
- On September 24, an oversubscribed new share issue amounting to SEK 30 million (before issue costs) was completed.
- On October 20, the Company was listed at Nasdaq First North Growth Market.
- On November 25, BoMill announced that the Company was streamlining its communication and would use English as its primary language. The decision is in line with BoMill’s ambitions to increase sales in North America, Europe and China.
- On December 4, BoMill announced that the Company had entered into a development agreement with a global player in the food industry, with headquarters in the US.
Highlights after the end of the period
- On January 26, 2021, BoMill announced that the Company had signed an agreement with Lilla Harrie Valskvarn AB to test the Company’s updated sorting technology, which is based on the TriQ model.
- On January 27, 2021, the Extraordinary General Meeting in BoMill resolved on a directed issue of 330,000 warrants. The warrants shall entitle rights for founder, Bo Löfqvist (205 000 warrants), and Managing Director Andreas Jeppsson (125 000 warrants), to subscribe for new shares in the Company. Minutes with complete resolutions are available on BoMill’s website (www.bomill.com/investors/egm).
Documents
For more information about BoMill, please contact:
Andreas Jeppsson, CEO
Phone: +46 (0) 727 001 182
E-mail: andreas.jeppsson@bomill.com
Mikael Lundborg, CFO
Phone: +46 (0) 708 780 688
E-Mail: mikael.lundborg@bomill.com
Certified Adviser: Svensk Kapitalmarknadsgranskning AB
Phone: +46 70 755 95 51
E-mail: ca@skmg.se
Latest news and releases
BoMill signs follow-up agreement with Lantmännen worth EUR 475,000
28 June 2024
BoMill AB has signed a follow-up agreement worth EUR 475,000 with Swedish agriculture cooperative group Lantmännen. Following an initial project evaluating BoMill InSight™ during a rental period, Lantmännnen Lantbruk has decided to purchase the solution and increase the capacity with additional sorting units.
BoMill announces that the Rights Issue is registered and the last day of trading in BoMill's BTA is June 10, 2024
5 June 2024
THIS PRESS RELEASE IS NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, DIRECTLY OR INDIRECTLY, WITHIN OR INTO AUSTRALIA, BELARUS, CANADA, HONG KONG, JAPAN, NEW ZEALAND, RUSSIA, SINGAPORE, SOUTH AFRICA, SOUTH KOREA, SWITZERLAND, OR THE UNITED STATES OF AMERICA, OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, DISTRIBUTION OR PUBLICATION WOULD BE UNLAWFUL OR WOULD REQUIRE REGISTRATION OR OTHER ACTIONS. PLEASE REFER TO THE SECTION “IMPORTANT INFORMATION” BELOW.
BoMill AB (the "Company" or "BoMill") announces that the rights issue of new shares with preferential rights for the shareholders was resolved by the ordinary general meeting April 12, 2024 and whose outcome was announced by the Company through a press release on May 15, 2024 (the "Rights Issue"), is now registered with the Swedish Companies Registration Office and the paid subscribed shares ("BTA") will therefore be replaced with ordinary shares.
BoMill announces outcome of the wholly guaranteed Rights Issue
15 May 2024
THIS PRESS RELEASE IS NOT FOR RELEASE, DISTRIBUTION, OR PUBLICATION, DIRECTLY OR INDIRECTLY, WITHIN OR INTO AUSTRALIA, BELARUS, CANADA, HONG KONG, JAPAN, NEW ZEALAND, RUSSIA, SINGAPORE, SOUTH AFRICA, SOUTH KOREA, SWITZERLAND, OR THE UNITED STATES OF AMERICA, OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, DISTRIBUTION OR PUBLICATION WOULD BE UNLAWFUL OR WOULD REQUIRE REGISTRATION OR OTHER ACTIONS. PLEASE REFER TO THE SECTION "IMPORTANT INFORMATION" BELOW.
BoMill AB (the "Company" or "BoMill") announces hereby the outcome of the wholly guaranteed rights issue of shares with a subscription period ended on May 14, 2024 (the "Rights Issue").
The outcome of the Rights Issue shows that 26 962 308 shares were subscribed for with the support of subscription rights, corresponding to approximately 96.6 percent of the Rights Issue; and 8 289 101 shares were subscribed for without the support of subscription rights, corresponding to approximately 29.7 percent of the Rights Issue. In total, 35 251 409 shares were subscribed for with and without the support of subscription rights with an issue amount of SEK 21 150 845.40, corresponding to approximately 126.3 percent of the Rights Issue. Thus, the Rights Issue was oversubscribed, and no guarantee undertaking will be utilized. BoMill will receive a total issue amount of approximately SEK 16.8 million before transaction costs through the Rights Issue.