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Avtech Sweden AB (publ) (AVTCHb.ST)

AVTCHb.ST on Stockholm Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Avtech Sweden initiates cooperation with Braathens Regional Airlines
Monday, 15 May 2017 02:30am EDT 

May 15 (Reuters) - AVTECH SWEDEN AB (PUBL) :INITIATES COOPERATION WITH BRA - BRAATHENS REGIONAL AIRLINES.COOPERATION EXPECTED TO HAVE A MARGINAL EFFECT ON AVTECH'S FINANCIAL RESULTS IN 2017..  Full Article

Avtech Sweden Q1 operating loss narrows to SEK 1.3 mln
Wednesday, 19 Apr 2017 02:30am EDT 

April 19 (Reuters) - AVTECH SWEDEN AB (PUBL) :Q1 OPERATING LOSS SEK 1.3 MILLION VERSUS LOSS SEK 4.3 MILLION YEAR AGO.Q1 NET LOSS SEK 1.3 MILLION VERSUS LOSS SEK 4.3 MILLION YOY.Q1 REVENUE SEK 2.2 MILLION VERSUS SEK 2.1 MILLION YEAR AGO.  Full Article

AVTECH Q4 operating loss narrows to SEK 2.7 million
Friday, 10 Feb 2017 02:33am EST 

AVTECH Sweden AB (publ) : Q4 revenue 2.4 million Swedish crowns ($269,642) versus 2.1 million crowns year ago .Q4 operating loss 2.7 million crowns versus loss 4.0 million crowns year ago.  Full Article

AVTECH and easyJet agree on way forward for Aventus NowCast
Wednesday, 8 Feb 2017 01:18am EST 

AVTECH Sweden AB (publ) : Said on Tuesday technical reasons obstructing contracted evaluation of Aventus NowCast had been identified and joint efforts from both companies to resolve situation had been agreed upon . Finalization of delayed analysis of flight recorder data is expected to be completed in near future . Said EasyJet had also shown interest to become launch customer for "turbulence warning" part of new Aventus NowCast SIGMA product offering .Plan to be starting in first part of April 2017, this additional service can be added to existing Aventus NowCast contract.  Full Article

Avtech revises its view on company profitability during 2016
Thursday, 8 Dec 2016 02:30am EST 

Avtech Sweden AB (publ) : Provides a business update . Revises its view on company profitability during 2016 . Revenue from easyJet contract is expected no earlier than Q2 2017 . Board's balanced view is that monthly profitability is not expected during 2016 or early part of 2017 .Revises view on profitability due to further delays on few critical sales processes, easyJet being one with largest impact.  Full Article

Avtech: Delay in testing phase of contract with EasyJet
Wednesday, 12 Oct 2016 01:00am EDT 

AVTECH Sweden AB (publ) : Informas about delay in testing phase of Aventus NowCast Full Flight contract with EasyJet .Says delay means co is not expecting any substantial part of budgeted income of this contract to influence financial result of this year.  Full Article

AVTECH Sweden Q2 operating loss narrows to SEK 2.6 million
Friday, 19 Aug 2016 07:33am EDT 

AVTECH Sweden publ AB : Q2 revenue 2.7 million Swedish crowns ($322,473) versus 3.9 million crowns year ago .Q2 operating loss 2.6 million crowns versus loss 3.3 million crowns year ago.  Full Article

Avtech: fixed costs fall about 40% on concluded reduction program
Friday, 12 Aug 2016 03:51am EDT 

Avtech Sweden Publ AB : Previously announced cost reduction program is concluded according to plan, resulting in reduction of company's fixed costs by about 40 pct .Company's fixed costs are now about 850,000 Swedish crowns ($100,000)/month.  Full Article

Avtech Sweden appoints Britt-Marie Lodenius new CFO
Monday, 13 Jun 2016 06:20am EDT 

Avtech Sweden publ AB : Jonas Saric, former Chief Financial Officer and Business Unit Director, Aventus Nowcast, has left .Britt-Marie Lodenius, has entered into position as Chief Financial Officer.  Full Article

Avtech Sweden publ AB appoints new chief executive officer
Thursday, 25 Feb 2016 02:00am EST 

Avtech Sweden publ AB:Says that the board, following discussions initiated by and in full agreement with the company's CEO Christer Staaf, has decided to as of March 1, 2016 change the CEO of company.Says Christer Fehrling will effective March 1, 2016 assume the position as the company's new chief executive officer while Christer Staaf will move into an advisory role.Says Christer Fehrling will be CEO during time period when a long-term CEO is recruited.  Full Article

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