ORGANOCLICK AB (PUBL) PUBLISH INTERIM REPORT FOR Q1 2025
"2025 has started positively with new customers both in Sweden and Europe. Our consumer brands OrganoTex and BIOkleen have gained several new leading retailers, which shows that we have a strong offering with our unique biobased and eco-labeled consumer products. However, our biobased industrial products continue to face headwinds from weak markets and price pressure from competing fossil-based alternatives.
During the first quarter, we had a slight decline in sales of -7.3% (-12.2%) to SEK 35.4 (38.2) million. The sales loss came from our Functional Wood and Nonwoven & Fiber Technologies business units. The Green coatings & maintenance products business unit, on the other hand, showed growth. Operating profit deteriorated to SEK -2.1 (0.2) million, primarily from lower sales and lower gross margin in the Functional Wood business unit, where a clearance of old products also affected the result by SEK -0.8 million. The other business units had approximately the same results as last year. The strong exchange rate fluctuation during the quarter also negatively affected the result by SEK -0.5 million compared to the previous year."
Translation from CEO Mårten Hellbergs comments to the Interim Report.
Q1, 1 January - 31 March 2025
The Group compared with 2024
» Net revenue amounted to SEK 35.4 (38.2) million
» The gross margin amounted to 25.2% (29.3%)
» EBIT amounted to SEK -2.1 (0.2) million
» Cash-flow from operating activities amounted to SEK -10.5 (-10.4) million
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 06-05-2025 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 is a Swedish green chemical company, founded in 2006 replacing hidden plastic and harmful chemicals in fiber-based materials with green chemical solutions based on fossil-free raw materials. Based on the company's patented "OrganoClick" technologies, which are inspired by nature's chemistry, OrganoClick develops, produces and markets a range of products with the aim of enabling a green transition. For example, the biobased binder OC-BioBinder for the nonwoven and paper industry, the biodegradable textile impregnation OrganoTex® for consumers and the textile industry, the biocidal-free wood protection technology OrganoWood® for wood treatment companies and the construction industry, as well as eco-labelled maintenance products for home owners under the BIOkleen brand. OrganoClick was founded as a spin-off from Stockholm University and the Swedish Agricultural University and has received several awards for its green innovations, including being named a "Climate Solver" by the World Wide Fund for Nature - WWF. The company is listed on the Nasdaq First North Growth Market and has its headquarters, production and R&D in Täby, north of Stockholm. OrganoClick's Certified Adviser on the Nasdaq First North Growth Market is Mangold Fondkommission AB, tel: +46 (0)8 503 01 551, email: ca@mangold.se.
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