Bawat Announces Q3 Report 2022
03 November 2022
Bawat Water Technologies AB (BAWAT) today announces its Q3 Report for 2022. The report is available on Bawat’s website (investor.bawat.com)
Marcus Hummer, CEO comments on the developments in the third quarter: “The quarter shows two positive trends supporting the growth and profitability journey that Bawat has embarked after its IPO earlier this year. Firstly, we are pleased to report continued growth in Order Intake and quoting activity, which supports the unchanged full year guidance on Order Intake. The still increasing sales network both internally and via global sales agents are busy with contracts negotiations at all levels of maturity across all relevant geographies.
Secondly, we now see the results of newly sold projects to ships in the gross profit, which we can see is significantly up from the H1 results and already now in line with the predicted long term gross profit margin of 20% for ship systems. This gives us comfort in our project execution after signed contracts – both for ships as well as for mobile systems, and in the years to come we are certain to reach 30% or more in gross profit for the company depending on the sales mix.”
Read the full Q3 report on: https://investor.bawat.com/company-reports/
Watch CEO Marcus Hummer present the Q3 Results 2022: https://youtu.be/bPQ1_dC34GY