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CLIMEON INTERIM REPORT January 1 - June 30 , 2021 INCREASED FOCUS ON MARITIME AND ON ENSURED PROFITABILITY During the quarter , Climeon carried out commissioning for customers within both maritime and geothermal energy . Six modules were commissioned on Virgin Voyages ' ship Valiant Lady and four Heat Power modules at the Flúðir power plant . Climeon's Icelandic customer Varmaorka has laid out a new plan for expansion of geothermal power plants , with a significantly lower roll - out rate for the coming years . As a consequence of this , Climeon has decided , after the end of the quarter , to reduce the order backlog by SEK 467.5 million to SEK 180.3 million . Furthermore , Climeon decided to implement an efficiency program with the goal of ensuring a long - term profitable and sustainable company with top - class products . Interest from customers in the maritime market continues to grow , and Climeon is increasing its focus in that area . APRIL - JUNE • Order intake amounted to SEK 0.0 million ( 40.9 ) Net sales amounted to SEK 8.5 million ( 15.6 ) • Operating profit / loss amounted to SEK -44.7 million ( -36.4 ) Operating profit / loss was affected by non - recurring items of SEK -6.0 million regarding provisions for loss contracts based on the in - depth experience gained in geothermal energy . Adjusted from this , operating profit / loss amounted to SEK -38.7 million • Profit / loss after financial items amounted to SEK SEK -48.4 million ( -36.6 ) Earnings per share , before and after dilution , amounted to SEK -0.89 ( -0.74 ) • Cash flow from operating activities after changes in working capital amounted to SEK -19.2 million ( 15.0 ) • Climeon has commissioned six modules on Virgin Voyages ' ship Valiant Lady . In addition , DNV ( Det Norske Veritas ) has approved the two remaining modules for Havila Voyages ' cruise ships ● Climeon has entered into an agreement with Höganäs AB and Höganäs Energi for a pilot installation of the next generation Heat Power Climeon has commissioned four more Heat Power modules in the power plant in Flúðir , thereby doubling the power plant's capacity CLIMEON AB | WWW.CLIMEON.COM 02 JANUARY - JUNE Order intake amounted to SEK 0.0 million ( 40.9 ) ● Net sales amounted to SEK 24.1 million ( 29.7 ) Order backlog amounted to SEK 647.9 million ( 728.5 ) • Operating profit amounted to SEK -83.3 million ( -68.6 ) Operating profit / loss was affected by non - recurring items of SEK -6.0 million regarding provisions for loss contracts based on the in - depth experience gained in geothermal energy . Adjusted from this , operating profit / loss amounted to SEK -77.3 million Profit / loss after financial items amounted to SEK -35.7 million ( -68.1 ) Earnings per share , before and after dilution , amounted to SEK -0.66 ( -1.38 ) Cash flow from operating activities after changes in working capital amounted to SEK -77.1 million ( -18.0 ) • Total cash and cash equivalents amounted to SEK 198.1 million ( 299.2 ) IMPORTANT POST - CLOSING EVENTS Climeon's Icelandic customer Varmaorka has laid out a new plan for the expansion of geothermal power plants with a significantly lower roll - out rate for the coming years . As a consequence of this , Climeon has decided to reduce the order backlog by SEK 467.5 million to SEK 180.3 million . Climeon has also decided to implement an efficiency program with the goal of ensuring a long - term profitable and sustainable company .