First trading day for Polygiene on Nasdaq First North
Shares of Polygiene AB (publ.) are now available for trading on Nasdaq First North. The shares will be traded under the ticker symbol POLYG with the ISIN code SE0007692157.
Polygiene AB is the global market leader in the odor control segment, providing effective and permanent Stay Fresh functionality primarily for textiles to approximately 100 global premium brands. The company is active in a global market in which Europe, the U.S. and Asia account for a major portion of its revenues.
The market for odor control is growing and odor control functionality is in demand particularly for clothing and equipment in the sports and outdoor segments. In addition to effective odor control, Polygiene makes it possible for the treated garment to be washed less often, which in turn leads to reduced environmental impact. Polygiene is bluesign®-approved, which means it complies with the textile industry’s most stringent environmental standard that regulates both the efficient use of resources as well as assures safety for human health and the environment. The company is also on the OEKO-TEX® list of approved products.
“The listing on First North is to be seen as a natural step in Polygiene’s development and provides us with a seal of quality. It also will able us to further increase the tempo of our marketing efforts,” says Christian von Uthmann, CEO of Polygiene.
Polygiene has shown strong growth and has been profitable since 2013. The company’s annual net sales in 2015 amounted to just over 50 million Swedish kronor (MSEK), which means that net sales increased by 47 percent compared to the previous year. The operating profit for 2015 was 5.6 (3.7) MSEK. The profit after tax in 2015 was 9.2 (5.4) MSEK. For more information, please refer to Year-End Report, 2015.
For press images and more information, download the Company Description at polygiene.com/ir
Note: This press release has been translated from Swedish. The Swedish text shall govern for all purposes and prevail in case of any discrepancy with the English version.
For more information, contact:
Christian von Uthmann, CEO, Polygiene
Mobile: + 46 (0)70 319 77 21, e-mail: cvu@polygiene.com
About Polygiene
Polygiene Odor Control Technology is a world-leading technology for odor control. The company is recognized as the global provider of Stay Fresh®solutions for clothing, sports equipment, lifestyle textiles and other materials. Polygiene brings the Scandinavian values of quality and care for the environment to life through its products. More than 100 global premium brands such as Patagonia, Adidas, Salomon, Peak Performance, Berghaus, Dcore and La Sportiva have chosen to use Polygiene in their products. Headquartered in Malmö, Sweden, Polygiene was established in January 2006 through a spin-off from the specialty chemicals company Perstorp. The company is listed on Nasdaq First North as of 14 March 2016. The ticker symbol is POLYG. Remium Nordic AB acts as the Certified Adviser for Polygiene.
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