Landson Advanced Ceramics A/S

The income statement for 2022 shows a loss of DKK 48,603,543 against a profit of DKK 1,772,376 last year, and the balance sheet at 31 December 2022 shows equity of DKK 22,460,002.

The result includes a one-time occurrence of impairment and write off of DKK 32.5 million, cf. note 3.
During 2022 we finalised the development of a particulate filter intended for the Chinese Automotive OEM market. Increasing manufacturing cost as well as transport cost as an effect of the war in Ukraine following the Corona virus made it attractive to sell the DPF manufacturing line to our Chinese branch. Given the new product was developed and manufactured at our specific manufacturing line, we ceased all sales activities in the second half of 2022 and spent the last 6 month finalising existing orders and preparing for relocation of the actual equipment.
We expect to finalise the commissioning of the manufacturing line in in China, in 4th quarter of 2023.

The market for Flat Sheet Membranes is increasing continuously and in 2022 we secured an order of 5000m². Other membrane OEM sales are still negotiated currently.

In 2022 We have expanded our Research and Development activities to also include high density SiC products for the solar industry and other industries such as ceramic body armour. Our unique knowledge of SiC processing combined with our unique knowledge about high temperature sintering has resulted in SiC parts with unprecedented mechanical as well as thermal properties.