ORGANOCLICK AB (PUBL) PUBLISH INTERIM REPORT FOR Q1 2021

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"the year started well with very strong sales increase of 33.3 (0.4) percent to MSEK 29.7 (22.2) during the first quarter. The greatest increase took place at the end of the quarter; as this put us beyond our maximum capacity, we have added a third shift of production in April."

Translation from CEO Mårten Hellbergs comments to the Interim Report.

 

Q1, 1 January - 31 March 2021

The Group compared with 2020

» Net revenue amounted to SEK 29.66 (22.25) million

» The gross margin (after variable costs) amounted to 42.3 (43.1) %

» EBITDA amounted to SEK -0.84 (-1.37) million

» Cash-flow from operating activities amounted to SEK -18.19 (-3.29) million

» Earnings before tax amounted to SEK -5.07 (-5.06) million

 

The complete version of the Interim Report 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 Growth Market.

This disclosure contains information that OrganoClick AB is obliged to make public pursuant to the EU Market Abuse Regulation (EU nr 596/2014). The information was submitted for publication, through the agency of the contact person, on 05-05-2021 08:30 CET.

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For more information, please contact:

Mårten Hellberg, CEO

0707 - 16 48 90, marten.hellberg@organoclick.com

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About OrganoClick

OrganoClick AB (publ) is a public Swedish cleantech company listed on Nasdaq First North Growth Market. The company develops, produces and markets functional materials based on environmentally friendly fiber chemistry. Examples of products that are marketed by OrganoClick are the durable water repellent technology for textiles OrganoTex®, the biocomposite material OrganoComp®, surface treatment and maintenance products for villa and property owners under the brand 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 Growth Market is Mangold Fondkommission AB, tel: +46 (0)8 503 01 551, email: ca@mangold.se.

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