ORGANOCLICK AB (PUBL) PUBLISH YEAR END REPORT 2016
The fourth quarter was a strong end to the year, with organic sales growth for the group of approximately 40% in comparison with the fourth quarter of 2015. In particular, OrganoWood sales to the professional construction sector increased a lot, but we have also begun to earn revenues in OrganoClick’s other business areas, although they still represent a small part of the group's total turnover. The groups sales in total for the full year was about 39 million (excl. Acquisition of BIOkleen) which is an organic sales growth of about 28%. The acquisition of BIOkleen adds additional sales (pro forma) of about 23 million for 2016 giving a pro-forma sales for the group of approximately 62 million.
Translation from CEO Mårten Hellbergs comment to the Year End Report.
Q4, 1 Oct – 31 Dec 2016
The group compared with 2015
» The group’s net revenue amounted to SEK 6,42 million (4,60).
» EBIT amounted to SEK -9,62 million (-7,39).
12 months, 1 Jan – 31 Dec 2016
The group compared with 2015
» The group’s net revenue amounted to SEK 38,85 million (30,46).
» EBIT amounted to SEK -29,74 million (-20,79).
The complete version of the Year End Report (in Swedish) is attached in this press release and is available on the company’s homepage. The information in this Year End Report is according to the rules at Nasdaq First North.
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For questions, please contact
Mårten Hellberg, CEO OrganoClick AB, phone: +46 (0)8-684 001 10
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About OrganoClick
OrganoClick AB (publ) is a Swedish cleantech company listed on Nasdaq First North that develops, produces and markets functional materials based on environmentally friendly fiber chemistry. Examples of products that are marketed by OrganoClick are the water repellent fabric treatment OrganoTex®, the flame and rot timber protectant OrganoWood® (through the subsidiary company OrganoWood AB) and biobased binders for non-woven materials. OrganoClick was founded in 2006 as a commercial spinoff company based on academic research examining the modification of biofibers performed at Stockholm University and the Swedish University of Agricultural Sciences. OrganoClick has won several prizes and has been designated “Sweden's most promising start-up company”, Sweden's best environmental innovation and has appeared on the Affärsvärldens och NyTekniks top 33 list of “Sweden's hottest technology companies”. The company has also received a number of awards, such as The Worldwide Fund for Nature (WWF) “Climate Solver” award. OrganoClick’s headquarters are in Täby, north of Stockholm, where the company's production, R&D, sales and marketing departments are located. OrganoClick's Certified Adviser on Nasdaq First North is Erik Penser Bank.
The information in this press release contains information that OrganoClick AB (publ) is obliged to release according to the EU's market regulation law number 596/2014. The information was published, of the contact person above, 22nd of February 2017 at 08:30.
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