FINANCIAL REVIEW ESTECH

The development of a combined technology for carbon capture and production of hydrogen proceeds as planned, and the construction of a large-scale demonstration plant is initiated, thus activating the company’s research and development expenditures.

The new plant will be constructed and commissioned during 2023 and will, when finalized, demonstrate the scalability of the technology.

In 2022 the company realized a pre-tax deficit of DKK 6,2 mill. As of December 31, 2022, ESTECH’s equity totals DKK 35,9 mill.

Taking the activated research and development expenditures into account, the annual results and financial status are considered satisfactory.

The amounts are stated in TDKK

For further financial details see the official annual report at www.virk.dk