Polygiene information related to Covid-19
Polygiene delivers positive sales growth in the first quarter of 2020, despite the onslaught of the novel Coronavirus and production stops across Asia. The estimated sales revenue for the quarter indicates a 4.3 % increase compared to last year.
“2020 started off strong, backed by the hard work achieved in 2019, with expectations of a strong growth. Of course, our situation was affected by the long break in production mainly in China but also elsewhere in Asia”, says Ulrika Björk, CEO of Polygiene AB. “We have been able to deliver the deferred orders from February during the month of March, with the result that some orders ended up in April. We have not seen any reduction or drop in the number of orders so far, and sales remain strong despite hiccups in logistics over the last few weeks. We have seen a tremendous increase in interest in our product that has antiviral properties, which resulted in the launch of ViralOff in the beginning of April”, concludes Ulrika Björk.
ViralOff's launch has been very successful and the company believes that they will soon see follow-up orders from previous orders for masks and scrubs. The sales organization is fully focused on taking care of all new customer requests regarding ViralOff and works at high pressure!
This information is information that Polygiene AB (publ.) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out below, at 07.30 CET on April 9, 2020.
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About Polygiene
As the world leader in stays fresh and odor control technologies, we want to change the way we view clothes - from fast consumables to durables. We treat clothes, home products and textiles to help people stay fresh, wash less and let clothes and products live longer. Over 140 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. Erik Penser Bank AB acts as its Certified Adviser, Phone: 08-463 83 00, e-mail: certifiedadviser@penser.se.
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