The lower than forecasted sales for the quarter is largely a result of delays in ongoing contract processes with new airlines.

During the quarter, a contract was signed with Eurowings for Aventus Full-flight wind up-links from December 1st.

The launch of AVTECH's new Cruise Optimizer continued during the Flight Ops conference in London on December 3rd-4th, where Norwegian presented their positive experiences with the service and its fuel saving effects, to all airlines participating at the conference.

A decision has been made to postpone EASA (European Union Aviation Safety Agency) approval of proFLIGHT in favor of release the planned payment version in Q1. With this, in the first stage we launch proFLIGHT directly to all the pilots who are already testing the service.

The following market activities, among others, were carried out during the quarter:

The increased interest in tools supporting airlines' efforts to reduce fuel consumption, become more environmentally friendly and to avoid in-flight turbulence means that our current product offering seems to be attracting more and more airlines.

An increasing concern in the airline industry in general, caused by, for example; the uncertainty about the effects the global warming will have on the aviation industry. An expected global economic downturn as well as signs that more airlines are moving towards a period of lower profitability is another contributing factor. Continued uncertainty regarding the 737 MAX flight stop also continues to affect the focus of several of AVTECH's current and future customers. Despite these factors, we can see a growing interest in our products.

Events after the end of the period

For further information, please contact
David Rytter, CEO, +46 (0) 8 544 104 80
Britt-Marie Lodenius, Chief Financial Officer, +46 (0) 8 544 104 80
or visit the company's website, https: / /
AVTECH Sweden AB (publ), corporate identity number 556568-3108, has its registered office in Stockholm municipality.
Postdress: Färögatan 33, 24 tr, 164 51 KISTA, Sweden.
The company's B-share (short-term AVT B) has been traded on the NASDAQ First North Growth Market since February 2012. The company's A-share is not traded on any marketplace. Certified Adviser is Redeye AB (, tel: 08-121 576 90, e-mail address For explanation of technical terms, see glossary on page 73 of the Company's New Issue Prospectus 2011. The information in this pressrelease is published in accordance with EU Market Abuse Regulation (MAR) The information was submitted, through the above contact person's provision, for publication on February 12th, 2020 at CET 10.00 AM