Polygiene Group AB (publ.) Interim Report January 1 – March 31, 2023
Strong gross margin and break-even at EBITDA level despite lower sales Net sales for the quarter totaled MSEK 28.0 (45.1), corresponding to a 37.9 % decline compared to 2022. However, the gross margin was solid at 76.4 (67.1) %. The quarterly operating profit, (EBITDA), amounted to MSEK -0.2 (9.3) for an EBITDA margin of -0.6 (20.7) %. Cash flow was negative at MSEK -1.2. The quarter in brief (January - March 2023) · Net sales amounted to MSEK 28.0 (45.1). There is an exchange rate impact of approximately 2 % in the quarter compared to last year · The gross margin was 76.4 (