Lars Lindberg resigns as board member of AVTECH Sweden AB (publ)

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Board member Lars Lindberg has at his own request chosen to resign from the board of AVTECH Sweden AB (publ) (the "Company") due to an increased workload in other assignments. Lars Lindberg has had a role in the company for a long time…

Nasdaq Stockholm Disciplinary Board imposes a penalty of 4 annual fees on AVTECH Sweden AB (publ) for deficiencies in the following of information disclosure rules

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AVTECH Sweden AB (publ) (the "Company") has been informed of a decision from the Disciplinary Board of Nasdaq Stockholm that the Company is required to pay a penalty of 4  annual fees  a' SEK 100,000 for not having published information…

AVTECH SWEDEN AB (publ) INTERIM REPORT JANUARY – JUNE 2020

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KEY FIGURES AND EVENTS 2020 2020 2019 MSEK Quarter 2 Quarter 1 Quarter 2 Net sales 3.3 4.0 3.8 Operating profit before depreciation +0.7 +0.3 +1.4 Net profit +0.3 +0.0 +0.5 Net…

AVTECH announces a one-year contract extension with Southwest Airlines for the Aventus NowCast Descent Winds service, with a contract value between 4.4 MSEK and 9.3 MSEK, dependent on nr. of flights.

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AVTECH Sweden AB has extended the current Aventus NowCast Descent service agreement with Southwest Airlines until the end of June 2021. The pricing model has been changed from a fixed price to a per-flight model in support of the airline’s…

AVTECH SWEDEN AB (publ) INTERIM REPORT JANUARY – MARCH 2020

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KEY FIGURES AND EVENTS MSEK 2020 Q1 2019 Q4 2019 Q1 Net sales 4,0 3,8 4,1 Operating profit before depreciation        +0,3 +0,5 +0,9 Net profit 0,0 -0,3 +0,1 Net…

AVTECH announces an adjustment of 2019 earnings

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As a result of the revision of the 2019 financial statements previously published results need to be adjusted downwards by SEK 394,356. This is caused by reduced claims in a climb optimization development project. In accordance with a recommendation…

AVTECH provides a business update regarding COVID-19

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AVTECH's management hereby wishes to provide the following update due to the ongoing global coronavirus (COVID-19) outbreak. The 2020 fiscal year was expected to be a positive year for AVTECH with several new customers as well as expanded…

AVTECH informs that the contract process for an Aventus Full-flight winds service agreement, valued at approximately SEK 1 to 2 million, has been paused

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AVTECH Sweden AB informs that the signature process for an Aventus NowCast Full-flight Wind Uplink service agreement with a European charter airline group has been paused until further notice due to the present COVID-19 situation. Under this…

AVTECH Sweden AB (publ) INTERIM REPORT January – December 2019

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AVTECH Group's sales for the fourth quarter of 2019 amounted to MSEK 3.8 (3.4). Operating profit before depreciation for the fourth quarter of 2019 was MSEK +0.5 (+0.7). Net profit for the fourth quarter of 2019 amounted to MSEK…

Collaboration between AVTECH and Norwegian leads to reduced CO2 emissions

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The Board of AVTECH Sweden AB (publ) communicates the following business update.Norwegian is now using AVTECH’s new Cruise Profile Optimizer service throughout the airlines entire B737NG fleet, reducing CO2 emissions by 10,000 - 15,000 tons…