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Q2 2018 Report: Generic Sweden AB – Correction Regarding Yesterday’s Press Release.

August 24, 2018

Yesterday’s press release omitted a reference to the MAR (Market Abuse Regulation), and the information regarding the Certified Adviser was incorrect—the correct Certified Adviser is Mangold Fondkommission, tel. 08-50301550. This new press release contains only these corrections.

Interim Report: January 1 – June 30, 2018

Generic Sweden AB (publ)

Second Quarter of 2018 (compared with the same period last year)

  • Net sales totaled 14.3 MSEK (12.8 MSEK).
  • Operating income amounted to 1.5 MSEK (0.3 MSEK).
  • Profit after tax amounted to 1.3 MSEK (0.3 MSEK).
  • Income from discontinued consulting operations: SEK -0.2 million (SEK -8.8 million).
  • Total comprehensive income for the period amounted to 1.1 MSEK (-8.6 MSEK).
  • Earnings per share amounted to 0.09 SEK (-0.70 SEK).
  • Cash flow from operating activities amounted to SEK 2.5 million (SEK -3.2 million).

January–June 2018 (compared with the same period last year)

  • Net sales totaled 29.3 MSEK (25.3 MSEK).
  • Operating income amounted to 3.5 MSEK (0.9 MSEK).
  • Profit after tax amounted to 2.8 MSEK (0.7 MSEK).
  • Income from discontinued consulting operations – 0.3 MSEK (-8.8 MSEK).
  • Total comprehensive income for the period amounted to 2.5 MSEK (-8.1 MSEK).
  • Earnings per share amounted to SEK 0.21 (SEK -0.66).
  • Cash flow from operating activities amounted to 4.6 MSEK (-0.1 MSEK).

 such as

Generic Sweden AB (publ) was founded in 1993 and is today a pure-play telecommunications company specializing in alarm, SMS, and fax services with the highest level of reliability. The telecommunications division is a specialized telecom operator with its own network for critical communications. Services and products are offered within the Minicall and Messit product areas. The telecommunications business generated revenue of approximately SEK 50 million in 2017 and has 15 employees. The stock is traded on NASDAQ First North under the ticker symbol GENI. Mangold Fondkommission is the company’s Certified Adviser. This information is information that Generic Sweden AB (publ) is required to disclose pursuant to the EU Market Abuse Regulation. The information was submitted for publication by Anders Hansson on August 24 at 2:40 p.m. Further information about the company is available at www.generic.se.

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