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Bawat - Presentation of Q2 2023

By Michael FriisHead of Equities
Bawat Water Technologies

Yesterday, Bawat released its half-year 2023 results, which showed an order intake of SEK 20.3m, corresponding to a growth rate of approx. 120%. The company repeated its full-year 2023 guidance of an order intake in the range of SEK 40-60m.

In the first half of 2023, Bawat has been quite busy building out partnerships and forming an important joint venture on mobile solutions with Damen Green Solution. Moreover, Bawat raised capital which secures the operations into 2024 where they expect to reach break-even.

Today, we interviewed Bawat's CEO Marcus Peter Hummer to discuss the results and the achievements in the first half of 2023, as well as the future prospects of the mobile solutions segment and the Ballast water-as-a-Service (BaaS) segment. 

HC Andersen Capital receives payment from Bawat for a Digital IR/Corporate Visibility subscription agreement. /Michael Friis 16:15, 23 August 2023.

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