Photocat – Presentation of H1 2023 results

Name: Photocat – Presentation of H1 2023 results
Uploaded: 2023-08-26T12:50:00.000Z
Description: This week, Photocat released its H1 2023 results, which showed strong growth momentum with a growth rate of 38% YoY and at the same time being profitable on the EBITDA level. Despite challenging market conditions in the construction industry, Photocat maintained its full-year 2023 guidance.

PCAT25.08.2023, 10.00

Michael FriisHead of Equities

This week, Photocat released its H1 2023 results, which showed strong growth momentum with a growth rate of 38% YoY and at the same time being profitable on the EBITDA level. Despite challenging market conditions in the construction industry, Photocat maintained its full-year 2023 guidance.

Together with Photocat's CEO Michael Humle and CBO Jesper Elsgaard we went through the results and outlook for the rest of 2023. In the virtual live event, there was also focus on the development of some of Photocat's ongoing projects.

Photocat is a GreenTech company that manufactures patented coating materials for both outdoor and indoor applications to degrade NOx and VOCs when exposed to light. Photocat’s technology is used on different surfaces that reduce air pollution and harmful substances. The treatments are branded under different products, including NOxOFF, actiFLOOR, Photocat Garden, and ShineOn.

Disclaimer: HC Andersen Capital receives payment from Photocat for a Digital IR/Corporate Visibility subscription agreement. /Michael Friis, 15:10, 26 August 2023.

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