Polygiene AB (publ.) Interim financial statements 1 January–31 March 2016

The quarter in brief

Jan–Mar 2016 Jan–Mar 2015 Rolling 12 mos. Whole year
Net sales 13.4  6.8  58.1 51.5
Operating profit EBIT, MSEK* –1.3* 0.0* 4.2 5.6
Profit after tax, MSEK* –1.3* 0.0* 7.8 9.2
Operating margin EBIT, % –10.0  0.5  7.3 10.9
Operating margin after tax, % –10.0  0.5  13.4 17.8
Earnings per share, SEK –0.08  0.00  0.45 0.55
Cash flows MSEK –3.1  –0.6  19.0 21.5

* Quarter profits were encumbered by non-recurring expenses related to our listing on Nasdaq First North and negative exchange rate differences.After eliminating these costs, operating profit and profit for the quarter was MSEK 0.2 (–0.5).

Significant event for the period (Jan-Mar)

The organization was reinforced with new hires
Jan Bertilsson was hired as CFO and Edmond Lee as Technical Manager, Asia Pacific.

Changed type of company
The extraordinary general meeting of shareholders held 14 January 2016 adopted changes to the type of company from private limited company to public.

Listing on Nasdaq First North
The company was listed on the Nasdaq First North Stockholm Exchange on March 14, 2016.

Significant events after the period end

Into a new segment
Polygiene took a first step into the personal protective equipment and uniforms for work segment with the US firm Propper that now advertises they deliver a new collection of high performance underclothing for users with extremely high demands, such as military and rescue services personnel.

Proposed new member of the Board of Directors
Jonas Sjögren, previously CEO for Discovery Networks Sweden, proposed as new member of the Board of Polygiene AB (publ). A majority of owners in Polygiene AB (publ) support the proposal.

Polygiene and Converse Footwear (Japan)
Converse Footwear Co.,Ltd. (Japan) is the first footwear brand to introduce the advantages of Polygiene Odor Control Technology to Japanese consumers, with Converse’s pioneering S/S16 line, the Whiteplus collection. The partnership with Converse Footwear (Japan) gives Polygiene a foothold into a new untapped market where odor-free footwear has a great potential among odor-conscious consumers.

Malmö 11 May, 2016
The Board

This report has not been audited by the company Auditors. For the complete report, please find the attached PDF. 

For more information, please contact:
Christian von Uthmann, CEO, Polygiene
Cell: + 46 (0)70 319 77 21, e-mail: cvu@polygiene.com

About Polygiene
Polygiene Odor Control Technology is a world-leading technology for odor control. The company is recognized as the global provider of Stay Fresh solutions for clothing, sports equipment, lifestyle textiles and other materials. Polygiene brings the Scandinavian values of quality and care for the environment to life through its products and services. More than 100 global premium brands have chosen to use Polygiene in their products. Polygiene was established in 2006 and is listed on Nasdaq First North in Stockholm, Sweden. Remium Nordic AB acts as its Certified Adviser.