Polygiene Group AB (publ.) Interim Report April 1 – June 30, 2023
Delayed recovery but continued strong margin and liquidity Net sales for the quarter amounted to MSEK 25.4 (47.5), down by 46.5 % compared to last year. However, the 74.2 (66.7) % gross margin proved stronger than last year’s second-quarter results. The operating profit this period before depreciation and tax (EBITDA) amounted to MSEK -1.8 (9.6), corresponding to an EBITDA margin of -6.9 (20.3) %. Cash flow was negative at MSEK -2.8 (MSEK -0.5, adjusted for foreign currency effects). Cash and cash equivalents amounted to MSEK 47.1.The quarter in brief (April – June 2023) · Net