Publish date: July 23, 2024
Impressive growth with strong profitability and positive cash flow
The Group's net sales for the quarter amounted to MSEK 36.4 (25.4), representing an increase of 43.3%. During the period, a gross margin of 65.2% (74.2%) was reported. The operating profit before depreciation and tax (EBITDA) for the quarter was MSEK 2.6 (-4.0). Cash flow was positive at MSEK 5.6 (-2.8), and cash and cash equivalents amounted to MSEK 54.3.
The quarter in brief
- The net sales amounted to MSEK 36.4 (25.4), representing an improvement of 43%.
- The gross margin amounted to 65.2% (74.2%).
- Operating profit before depreciation and amortization (EBITDA) amounted to MSEK 2.6 (-4.0).
- The operating profit after depreciation and before tax (EBIT) amounted to MSEK 1.2 (-5.3).
- Cash flow amounted to MSEK 5.6 (-2.8). Cash and cash equivalents amounted to MSEK 54.3 (47.1).
Significant events during the quarter in brief
- Changes in the board of directors include the election of Sofia Svensson to the board.
- In early June, a new website, www.polygienegroup.com, was launched primarily for shareholders and new investors.
- According to the decision of the Annual General Meeting, a warrant program for the company's employees and consultants was introduced.
- The European Commission has extended the deadline for The Review Program regarding active substances included in biocidal products.
- During the quarter, the first order in geotextiles was received.
The report is enclosed in this press release and is available to download on polygienegroup.com/news
You can register to a video conference presenting the report today at 10.00 CET on this link.
For more information, visit polygienegroup.com or contact:
Niklas Blomstedt, CFO. +46 (0) 706 63 21 26, niklas.blomstedt@polygiene.com
Ulrika Björk, CEO. +46 (0) 70 921 12 75, ulrika.bjork@polygiene.com
About Us
Polygiene Group is the global leader in antimicrobial technologies. The company treat hard surfaces and textiles to ensure that products are better protected and hygienic, fresh and odor-free. As a leading ingredient brand, Polygiene Group collaborates with over 500 top-class global brands through the Polygiene and Addmaster segments. Polygiene Group provides a wide range of technologies that increase the value of our customers products. The company offers solutions and treatments for products with technologies such as: OdorCrunch, StayFresh, Scentmaster, ViralOff, Biomaster and Verimaster. Polygiene Group is listed on the Nasdaq First North Growth Market in Stockholm, Sweden.
For more information: www.polygienegroup.com
Svensk Kapitalmarknadsgranskning AB is the Company's Certified Adviser.
This information is information that Polygiene Group is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 2024-07-23 08:00 CEST.
