Creturner Group

1 July - 30 September 2024
Figures in brackets are comparative figures for the same period in 2023
Third quarter 2024 Group

- Finance. Debt has continued to decrease - a refinancing of the remaining amount is ongoing
- IT. The digital side is extremely volatile. The market is showing both growth and volatility as well as fragmentation into different sub-groups. The future is expected to be affected again by political tensions that are likely to lead to geographical divisions of customers' choices of where data will be processed. Price differences arise in this situation.
- Environment: interest is high and increasingly verified, but commercialisation takes longer to implement. The EU is undoubtedly at the forefront with regulatory requirements that are expected to create increased demand.
US political developments are reflected in increased uncertainty, leading to longer lead times
- Environment. Decision to recognise an impairment loss of SEK 12m (20%) to reflect the increased uncertainty

Group
- Profit before depreciation Q3 +4.0 MSEK (+2.7)
- Result after depreciation Q3 -1.5 MSEK (+0.1)
- Revenue for the quarter increased 94% to 6.8 MSEK (3.5)
- Profit before depreciation YTD +5,8 Mkr (+8,6)
- Result after depreciation and amortisation YTD -11 MSEK (-8.2)
- Result per share Q3 -0,02 SEK
- Result per share YTD -0,14 SEK

Creturner Group AB is a group with two business areas in environmental technology.
The digital part is a technical computer business that is expanding to strengthen its long-term potential and create a presence in the rapidly growing market for high-performance computing (HPC) capacity. The company has its own facilities in Sweden with favourable energy production to reduce raw material costs and environmental impact.
The environmental part offers corporate customers an efficient and permanent method to offset their activities. The method is based on BCR (Biochar Carbon Removal), which involves converting residual biomass into the element carbon and storing it to reduce the amount of carbon dioxide in the atmosphere. Corporate customers of Creturner can then purchase carbon offsets in the same way they traditionally offset for climate change, for example by planting trees. Unlike tree planting, Creturner's approach is immediate, permanent and clearly measurable. Monitoring is done through linked smart contracts that give the customer insight into the results and future financial return of the environmental investment. www.creturner.com
Creturner is listed on NGM Nordic SME in Stockholm and on the Stuttgart Stock Exchange in Germany.
Contact details
For further information please contact:
Daniel Moström, CEO of Creturner Group AB (publ) on 070-744 69 01
or via email, daniel.mostrom@Creturner.com
Address: Taptogatan 6, 115 27 STOCKHOLM, Sweden
www.creturner.com
Creturner Group AB (publ) org: 559152-3013