ORGANOCLICK AB (PUBL) PUBLISHES ITS INTERIM REPORT FOR Q3 2017

"Our positive trend contnued during the third quarter with a total sales growth of 88 % and an organic sales growth of 47 % which amounted to total sales of SEK 16.5 million. The cash-flow from operations amounted to SEK -3.4 million compared with SEK -8.7 million during the same period 2016. Throught the directed emission of shares we increased our cash balance with SEK 38 million." 

Translation from CEO Mårten Hellbergs comments to the Interim Report.

 

Q3, 1 July – 30 September 2017

The Group compared with 2016

» The net revenue amounted to SEK 16.53 (8.78) million

»   EBITDA of SEK -4.08 (-5.66) million

»   Result before tax of SEK -5.97 (-6.93) million


1 January – 30 September 2017

The Group compared with 2016

» The net revenue amounted to SEK 62.66 (32.42) million

»   EBITDA of SEK -10.19 (-17.22) million

»   Result before tax of SEK -15.50 (-20.46) million


The complete version of the Interim Report (in Swedish) is attached in this press release and is available on the companys´ homepage. The informationen in this Interim Report is according to the rules of Nasdaq First North.

For more information, please contact; Mårten Hellberg, CEO OrganoClick

Phone: +46 8 684 001 10

Email:  marten.hellberg@organoclick.com

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About OrganoClick

OrganoClick AB (publ) is a public Swedish cleantech company listed on Nasdaq First North. The company develops, produces and markets functional materials based on environmentally friendly fiber chemistry. Examples of products that are marketed by OrganoClick are the biocomposite material OrganoComp®, surface treatment and maintenance products for villa and property owners under the brand name BIOkleen ®, biobased binder under the trade name OC-BioBinder™ and the flame and rot-resistant timber OrganoWood® (through the joint-venture OrganoWood AB). OrganoClick was founded in 2006 as a commercial spin-off company based on research performed at Stockholm University and the Swedish University of Agricultural Sciences within environmentally friendly fiber chemistry. OrganoClick has won a number of prizes, such as "Sweden's Most Promising Start -up" and "Sweden's Best Environmental Innovation", and has also received a number of awards, such as the WWF "Climate Solver" award, listed as a SUSTAINIA100 company and has also appeared for two years on the Affärsvärldens and NyTekniks list of Sweden's top 33 hottest technology companies. OrganoClick has its head office, production and R&D located in Täby, north of Stockholm. OrganoClick's Certified Adviser on Nasdaq First North is Erik Penser Bank.

The information in this press release contains information that OrganoClick AB (publ) is obliged to release according to the EU's market regulation law number 596/2014. The information was published, of the contact person above, 9th November 2017 at 8:30. 

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OrganoClick is a Swedish cleantech company that develops, produces and markets performance materials based on environmentally friendly fibre chemistry. Examples of products marketed by OrganoClick are the water-repellent fabric treatment OrganoTex®, the durable modified wooden material OrganoWood® and functional biofiber composites. OrganoClick was founded in 2006 as a spin-off company based on research in fibre chemistry at Stockholm University and the Swedish University of Agricultural Sciences. OrganoClick has won several prices such as "Swedens most promising start-up" and "Swedens best environmental innovation" and been appointed as a "Climate Solver" by the World Wildlife Foundation (WWF). OrganoClick is located in Täby, in the northern parts of Stockholm, where the company’s production, R&D, sales and marketing divisions are situated.

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Quotes

Our positive trend contnued during the third quarter with a total sales growth of 88 % and an organic sales growth of 47 %
Mårten Hellberg, CEO OrganoClick