Safeture AB Continue to Increase, +40,6 % Growth

LUND, Sweden, April 21, 2020 /PRNewswire/ -- Safeture employee safety platform continues its momentum in a globalized world with increased insecurity and risk awareness.

"Recent months' concerns about the Corona virus have clearly shown the need to be better prepared when the unexpected occurs. Safeture's platform illustrates how you can quickly locate your staff, communicate with them, and provide information on the necessary actions wherever they are. It will be at least as important when business resumes, and the world slowly opens again", Magnus Hultman CEO Safeture comments.

Conclusions  

• On February 27, Safeture announced a world-first Coronavirus exposure tracker for companies that, in real-time, correlates each employee's travel patterns with the latest Covid-19 reported cases.
• Core business revenue for the first quarter grows 41% to 4,8 MSEK of which 99% derives from recurring revenue.
• Annual Recurring Revenue (ARR) for the first quarter grows 46% year-on-year to 19,1 MSEK.
• After the closing of Q1, Safeture signs two global leaders. Siemens signs an order worth 767 TEUR and Americas insurance giant Chubb signs an extension order worth a minimum of 2 000 TUSD.

Summary of Interim Report

The Group

First quarter (2020-01-01 to 2020-03-31)

• Net turnover amounted to 4 811 (5 237) TSEK, a decrease of -8,1% compared to the same period last year. Q1 2019 figures for the Group included 1801 TSEK sales in the divested company Travelogix Ltd.
• Loss after financials and minority share amounted to -5 609 (-4 373) TSEK.
• Loss per share* before dilution amounted to -0,24 (-0,19) SEK.
• Loss per share* after dilution amounted to -0,22 (-0,17) SEK.
• The solidity** amounted to 23,3 (62,5) %.

The Parent Company

First quarter (2020-01-01 to 2020-03-31)

• Net turnover amounted to 4 811 (3 421) TSEK, an increase of 40,6% compared to the same period last year.
• Loss after financials amounted to -5 540 (-4 137) TSEK.
• Loss per share* before dilution amounted to -0,24 (-0,18) SEK.
• Loss per share* after dilution amounted to -0,22 (-0,16) SEK.
• The solidity** amounted to 23,5 (66,3) %.

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