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CLIMEON INTERIM REPORT January 1 - September 30 , 2021 THE EFFICIENCY PROGRAM HAS BEEN IMPLEMENTED INCREASED FOCUS ON PROFITABILITY AND PRODUCT DEVELOPMENT During the quarter , Climeon has , implemented the cost efficiency program presented in July , with the target of creating stronger profitability and a more focused organization . In parallel , the company has continued the development of a new generation of Heat Power technology , with increased profitability as its main goal . Climeon will initially focus on optimizing the product for marine use , and then cost - effectively adapting it to existing and new markets . The collaboration . with existing customers in marine , geothermal and industry continues . JULY - SEPTEMBER Order intake amounted to SEK 0.0 million ( 0.0 ) ● • Net sales amounted to SEK 1.5 million ( 13.2 ) • Operating profit / loss amounted to SEK -32.0 million ( -30.8 ) Profit / loss after financial items amounted to SEK SEK -35.4 million ( -32.4 ) • Earnings per share , before and after dilution , amounted to SEK -0.65 ( -0.66 ) ● • Cash flow from operating activities after changes in working capital amounted to SEK -21.3 million ( -35.0 ) Climeon implemented an efficiency program with the goal of significantly reducing the cost base . The program is expected to reach full effect within six months from mid July 2021 During the summer , Climeon's Icelandic customer Varmaorka laid out a new plan for the expansion of its geothermal power plants , with a significantly lower roll - out rate for the coming years . As a consequence of this , Climeon chose to adjust the order backlog by SEK 467.5 million to SEK 181.1 million , which was communicated after the second quarter of 2021. The remaining order backlog is unchanged Climeon is in collaboration with the British project developer Landmark for innovative net - zero flexible power generation projects in the UK . Landmark's funding is committed via GSEO , a London - listed investment company CLIMEON AB | WWW.CLIMEON.COM Q3 JANUARY - SEPTEMBER Order intake amounted to SEK 0.0 million ( 56.3 ) ● Net sales amounted to SEK 25.6 million ( 42.9 ) Order backlog amounted to SEK 181.1 million ( 728.5 ) • Operating profit amounted to SEK -115.3 million ( -99.5 ) 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 -109.3 million • Profit / loss after financial items amounted to SEK -71.1 million ( -100.5 ) ● Earnings per share , before and after dilution , amounted to SEK -1.30 ( -2.03 ) Cash flow from operating activities after changes in working capital amounted to SEK -98.3 million ( -53.0 ) • Total cash and cash equivalents amounted to SEK 161.8 million ( 299.2 ) IMPORTANT POST - CLOSING EVENTS • The pilot project together with Höganäs AB and Höganäs Energi AB will not be carried out as Climeon chooses , in a first step , to optimize the Heat Powder module for the marine market • On November 1 , Climeon made a directed new share issue encompassing 5 million Class B shares to the company wholly owned by Peter Lindell , Cidro Förvaltning AB . Through the new share issue , Climeon received an issue amount of SEK 35 million