ORGANOCLICK AB (PUBL) PUBLISH INTERIM REPORT FOR Q3 2024
"During the third quarter, the trend of good growth continued for our consumer brands, while our industrial products continued to face a challenging market situation. Despite a sales decrease of -14 (50) percent to MSEK 28.9 (33.4) during the quarter, our operating profit/loss was in line with the third quarter of 2023 at MSEK -3.0 (-2.8), thanks to the changed product mix and sound cost control. For the first nine months of the year (Jan–Sept), the operating profit/loss was also in line with the previous year at MSEK -3.0 (-3.1), while cash flow from operating activities was significantly improved to MSEK -1.1 (-6.1)."
Translation from CEO Mårten Hellbergs comments to the Interim Report.
Q3, 1 July - 30 September 2024
The Group compared with 2023
» Net revenue amounted to SEK 28.88 (33.45) million
» The gross margin amounted to 23.0 (23.8) %
» EBIT amounted to SEK -3.01 (-2.81) million
» Cash-flow from operating activities amounted to SEK -1.66 (1.05) million
1 January – 30 September 2024
The Group compared with 2023
» Net revenue amounted to SEK 105.80 (117.96) million
» The gross margin amounted to 27.5 (25.6) %
» EBIT amounted to SEK -2.99 (-3.10) million
» Cash-flow from operating activities amounted to SEK -1.10 (-6.13) 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 06-11-2024 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. The business idea is to replace 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 bio-based binder OC-BioBinder for the nonwoven and paper industry, the biodegradable textile impregnation OrganoTex® for consumers and the textile industry, the biocidal 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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