LUND, Sweden, Aug. 28, 2024 /PRNewswire/ -- BPC Instruments ("BPC" or "the Company") hereby publishes the half-year report for the period January 1-June 30, 2024. The half-year report is available as an attached file to this release and on the Company's website. Below is a summary of the report.

CEO Dr. Jing Liu comments:

"As we return from our summer break, I'm pleased to report steady growth and strategic progress for BPC Instruments in the first half of 2024. In Q2, we achieved net sales of 14,074 kSEK and an EBIT of 3,240 kSEK. Our active participation in key global events has expanded our market presence, and the full integration of our Chinese joint venture marks a significant milestone. Looking ahead, we are focused on developing new products to meet the evolving needs of our markets."

Q2 | 2024-04-01-2024-06-30

Net sales amounted to 14,074* (10,598 kSEK).
EBIT amounted to 3,240* (2,928 kSEK).
The profit after tax amounted to 2,537* (2,432) KSEK.
Earnings per share: 0,24* (0,23) SEK.

H1 | 2024-01-01-2024-06-30

Net sales for H1 amounted to 29,217* (22,790) kSEK.
EBIT for H1 amounted to 9,573* (5,314) kSEK.
Net profit for H1 amounted to 8,199* (4,446) kSEK.
Earnings per share for H1 amounted to 0,78* (0,43) SEK.
Total cash and equivalents, including short-term investments, amounted to 25,410 (11,386) kSEK.

*Group figure including subsidiary BPC Instruments (Zhejiang) Co. Ltd. in China. Group formed on April 1, 2024.

The number of shares in BPC Instruments AB as of June 30, 2024: 10,45,000 (10,454,000) shares.

Significant events Q2 2024

Highlights after the end of the period

On July 4, BPC received a repeat order for the AMPTS^® III system from a US-based renewable natural gas (RNG)provider, worth approximately 330,000 SEK, with revenue expected in Q3.
On July 9, BPC received an order of four equipment packages from a US firm converting waste into RNG and electricity, valued at 696,000 SEK, with revenue expected in Q3.
On July 17, BPC received an order of four equipment packages from a Spanish research institute, valued at 691,000 SEK, with revenue expected in Q3.
On August 26, BPC received an order of an AMPTS^® III DUO system and multiple BPC^® Go units valued at 700,000 SEK, from the California-based branch of prominent multinational oil and gas company headquartered in London. Revenue expected in Q3.

No other significant events have occurred since the end of the period that has materially affected this report.

For more information regarding BPC Instruments, please contact:

Jing Liu, CEO
BPC Instruments
Tel: +46 (0) 46 16 39 51
E-mail: ir@bpcinstruments.com

About BPC Instruments AB

BPC Instruments is a global Swedish-based pioneering technology company developing and offering analytical instruments enabling more efficient, reliable, and higher quality research and analysis for industries in renewable bioenergy and environmental biotechnology. The result is not only higher accuracy and precision, but also a significant reduction in time consumption and labor requirement for performing analysis. BPC Instruments' innovative products offer high-quality hardware and software based on deep knowledge and experience of target applications. The solutions are the first of their kind, making the company a pioneer in its field. Today, BPC Instruments exports to nearly 70 countries around the world. BPC is listed on the Spotlight Stock Market in Sweden. For more information, please visit BPC's webpage: www.bpcinstruments.com

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https://news.cision.com/bpc-instruments-ab/r/bpc-instruments-reports-results-for-h1-and-q2-2024,c4029442

The following files are available for download:


     
     https://mb.cision.com/Main/21129/4029442/2965649.pdf BPC Q2 and H1 report
                                                              2024

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