CORRECTION OF QUARTERLY REPORT

Polygiene sends out a correction of the interim report that was released on February 25.

On page 4 and page 14, respectively, in the Proforma for October-December 2020, the correct turnover shall be SEK 46.4 million instead of SEK 61.2 million. At the same time, the difference of SEK 14.8 million will be deducted from COGS, which gives a gross margin of 66.4% The reason is that the internal transaction between the companies was incorrect. However, EBIT in SEK will be the same and the EBIT margin will be increased to 14.4%. The Proforma for Full Year 2020 is correct.

We apologies for the inconvenience this might have caused and new versions are available attached to this press release and on our website ir.polygiene.com.

For more information, visit ir.polygiene.com or contact:
The Company’s IR at e-mail: ir@polygiene.com

Nina Forsvall, CFO
Mobile: +46 (0) 72 550 88 11
E-mail: nina@polygiene.com

Ulrika Björk, CEO
Mobile: +46 (0) 70 921 12 75
E-mail: ubj@polygiene.com

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About Polygiene
 As the world leader in stays fresh technologies, we want to change the way we view products – from fast consumables to durables. We treat clothes, accessories, home products, and textiles to help people stay fresh, wash less and let clothes and products live longer. Over 200 global premium brands have chosen to use the Polygiene brand with their products. Polygiene is listed on Nasdaq First North Growth Market in Stockholm, Sweden. For more information: polygiene.com Erik Penser Bank AB acts as its Certified Adviser. Phone: +46 8- 463 83 00, e-mail: certifiedadviser@penser.se.