ORGANOCLICK AB (PUBL) PUBLISH INTERIM REPORT FOR Q3 2021
During the third quarter, we saw clear operational improvements. Not only did sales increase by 13.5 (27.7)
percent to MSEK 22.6 (19.9), but we also concluded new agreements with both XXL Sverige for OrganoTex®
and with Bergs timber UK for OrganoWood® timber. We were also able to reduce our high costs of production
gradually over the quarter, which arose as a consequence of capacity shortages during the second quarter.
At the end of the quarter, our new fully automated filling machine became operational. This will increase our
productivity and capacity for 2022. During 2021, our sales have now increased by 17.7 (11.0) percent, to MSEK
92.1 (78.3).
Translation from CEO Mårten Hellbergs comments to the Interim Report.
Q3, 1 July - 30 September 2021
The Group compared with 2020
» Net revenue amounted to SEK 22.64 (19.95) million
» The gross margin (after variable costs) amounted to 35.1 (40.5) %
» EBITDA amounted to SEK -4.22 (-1.83) million
» Cash-flow from operating activities amounted to SEK -0.17 (3.40) million
» Earnings before tax amounted to SEK -8.84 (-5.54) million
1 January – 30 September 2021
The Group compared with 2020
» Net revenue amounted to SEK 92.11 (78.26) million
» The gross margin (after variable costs) amounted to 38.8 (42.0) %
» EBITDA amounted to SEK -5.34 (1.57) million
» Cash-flow from operating activities amounted to SEK -25.93 (0.23) million
» Earnings before tax amounted to SEK -18.75 (-9.64) 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 16-11-2021 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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