Spinnova

Det nye partnerskab styrker Spinnovas råvaregrundlag inden for tekstilaffaldsbaserede løsninger.

Spinnova ser ud til at have gjort betydelige fremskridt med at reducere produktions- og investeringsomkostningerne for teknologien i andet halvår.

Ved første øjekast ser det ud til, at selskabet har gjort fremskridt med at reducere produktions- og investeringsomkostningerne for teknologien, men det er stadig meget vanskeligt at vurdere den resterende tid til et kommercielt gennembrud, selv i lyset af de nye oplysninger.

I regnskabsmeddelelsen følger vi kommentarer om fremskridt i strategiimplementeringen, udviklingen i teknologiens omkostningskonkurrenceevne og rollen for det konsortium, der er bygget op omkring fiberen.

Spinnova og det internationale modehus BESTSELLER udvider deres samarbejde, når JACK & JONES lancerer nye produkter fremstillet af SPINNOVA®-fiber i deres sortiment. Vi vurderer dog, at de faktiske leveringsvolumener vil forblive små i de kommende år på grund af SPINNOVA®-fibrens indtil videre meget begrænsede produktionskapacitet.

Spinnova meddelte tirsdag, at de har underskrevet en hensigtserklæring med det brasilianske techwear-brand INSIDER. Det nye brandpartnerskab er en fortsættelse af lignende aftaler, der er blevet annonceret i de seneste måneder, og det udvider selskabets fodfæste i Latinamerika.

Formålet med aftalen er at sikre tilgængeligheden af SPINNOVA®-fibre i fremtiden og at understøtte den industrielle ibrugtagning af fibrene.

We believe this new brand partnership is a positive addition to Spinnova's network of partners and will support the long-term outlook for demand of fiber produced using the company's technology. However, we do not believe that the agreement will have a significant financial impact in the near future. Reducing technology investment and production costs and identifying technology investment partners continue to play a key role in the company's commercialization efforts.

We have not made any material changes to our forecasts for the commercialization progress of Spinnova's technology following the company's H1 report. Due to the exceptionally difficult-to-assess risk/reward ratio, we are maintaining a cautious stance on Spinnova for the time being.

Spinnova released its H1 report this morning. For a development company like Spinnova, short-term numbers are of secondary importance, so our attention in the report was particularly drawn to the comments on technological development and the new strategy announced in June. On this note, the company provided reassuring news yesterday when it announced that it had signed agreements with Suzano regarding the purchase of Woodspin and Suzano Finland, as well as other matters related to the arrangement (incl. the removal of exclusivity rights and Suzano's 5 MEUR capital contribution to the purchased companies) in accordance with the letter of intent announced in June. Overall, based on our preliminary assessment, the report does not contain any significant surprises in relation to market expectations.