Heliospectra presented its Half Year Report for January - June 2020 . Net sales amounted to KSEK 19 874 ( 16 744 ) which entail an increase of 19 % compared to last twelvemonth . Of the period ’s sales , the Mitra product group made up 33 % . The operating loss amount to KSEK -22 242 ( -20 842 ) KSEK , mean a negative operating margin ( neg ) . The deprivation after taxation was KSEK -22 190 ( -20 945 ) .
hard cash flow , January – JuneOperating cash current was KSEK -28 285 ( -19 295 ) . full cash flow was KSEK -28 371 ( -17 879 ) . Of the lock hard cash flow , 29 % ( -58 % ) was a change in working capital .
" To recompense for the low sales we need proactive measure to save on the bottom occupation . This includes restructuring our organization as well as using available government political platform – specifically support from the Swedish Agency for Economic and a farseeing - term government interest - liberal loan in Canada . We will see the cumulative effect of these initiatives in Q4 , during which we expect to reach a 10 % reduction in operating cost .
" During this unambiguously ambitious period , we were capable to drive positive results from our inquiry and growth efforts , specifically improvements to our ware and service portfolio . Furthermore , we have greatly increased our brand recognition by launch our digital marketing strategy . The initial phase was the introduction of the by Growers for Growers webinar series , which leave in half a million impressions and bring out over 2,000 timbre leads ( 300 % increase from late period ) . The 2nd part of our digital marketing initiative included the redevelopment and launching of our fresh internet site . This allows us to prominently highlight the benefit of our intersection and services , considerably communicate our orbicular reaching , and further our goal of feeding and healing the existence by facilitating knowledge sharing across the grower community . This quarter we attain sales growth of 18 % compared to last year with declination in our order intake due to the reasons explained above , which affect the industry as a whole . However , we are convinced about the rebound in coming quarters .
" Lastly , we have strengthened our partnership with resellers by supply virtual education and other cock that will help them effectively sell our products and service to the global community . This will avail us render new opportunities and customers .
" Heliospectra ’s mission to redefine nature ’s potentiality has never been more relevant and well timed . While there is still uncertainty in the market , we are confident we can deliver on the strong opportunities the team is work on in the approximate future and we remain attached to our mission to provide surpassing Cartesian product , avail and support to our agriculturalist . "
Download the Half Year Report here .
