ORGANOCLICK AB (PUBL) PUBLISH YEAR END REPORT 2017

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"Sales growth has been good during the year as well as during the fourth quarter that showed a total sales growth of 87.2 % and an organic sales growth (excluding the acquisition) of 34 %. The gross margin increased to 31.7 (27.7) % during Q4 as a result of our change in product mix and to 36.2 (32.1) % for the full year."

Translation from CEO Mårten Hellbergs comment to the Year End Report.

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Q4, 1 Oct – 31 Dec 2017

The group compared with 2016

» The groups net revenue amounted to SEK 12.03 (6.42) million.

» EBITDA amounted to SEK -7.41 million (-7.68).


12 months, 1 Jan – 31 Dec 2017

The group compared with 2016

» The groups net revenue amounted to SEK 74.68 (38.85) million.

» EBITDA amounted to SEK -17.59 (-24.90) million.


The complete version of the Year End Report (in Swedish) is attached in this press release and is available on the companys´ homepage. The informationen in this Year End Report is according to the rules at Nasdaq First North.

For more information, please contact; Mårten Hellberg,

CEO OrganoClick

Phone: +46 8 684 001 10+46 8 684 001 10 

Email: marten.hellberg@organoclick.com

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About OrganoClick

OrganoClick AB (publ) is a public Swedish cleantech company listed on Nasdaq First North. 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 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, 22 February 2018 at 8:30. 

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Quotes

Sales growth has been good during the year as well as during the fourth quarter that showed a total sales growth of 87.2 % and an organic sales growth (excluding the acquisition) of 34 %. The gross margin increased to 31.7 (27.7) % during Q4 as a result of our change in product mix and to 36.2 (32.1) % for the full year.
Mårten Hellberg, CEO