ORGANOCLICK AB (PUBL) PUBLISH INTERIM REPORT FOR Q3 2020

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ORGANOCLICK AB (PUBL) PUBLISH INTERIM REPORT FOR Q3 2020

"During the third quarter, we had a good development in all our business units. In total, the Group experienced a sales growth of 28 percent totalling sales of MSEK 19.9 (15.6) during the quarter. Gross margin (after variable costs) increased by 5 percentage points to 40.5 (35.6) percent as well, due to changes of the product mix. The result also improved slightly – but, above all, we improved cash flow from operating activities to MSEK 3.4 (1.8) for the quarter and to MSEK 0.2 (-1.3) for the first nine months of the year."

Translation from CEO Mårten Hellbergs comments to the Interim Report.

 

Q3, 1 July - 30 September 2020

The Group compared with 2019

» Net revenue amounted to SEK 19.95 (15.62) million

» The gross margin (after variable costs) amounted to 40.5 (35.6) %

» EBITDA amounted to SEK -1.83 (-2.07) million

» Cash-flow from operating activities amounted to SEK 3.40 (1.76) million

» Earnings before tax amounted to SEK -5.54 (-6.20) million

 

1 January – 30 September 2020

The Group compared with 2019

» Net revenue amounted to SEK 78.26 (70.48) million

» The gross margin (after variable costs) amounted to 42.0 (42.3) %

» EBITDA amounted to SEK 1.57 (2.46) million

» Cash-flow from operating activities amounted to SEK 0.23 (-1.32) million

» Earnings before tax amounted to SEK -9.64 (-9.48) million

 

The complete version of the Interim Report is attached in this press release and is available on the companys´ homepage. The informationen in this Interim Report is according to the rules of Nasdaq First North Growth Market.

For the full Interim report, click here.

This disclosure contains information that OrganoClick AB is obliged to make public pursuant to the EU Market Abuse Regulation (EU nr 596/2014). The information was submitted for publication, through the agency of the contact person, on 10-11-2020 08:30 CET.

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For more information, please contact:

Mårten Hellberg, CEO

0707 - 16 48 90, marten.hellberg@organoclick.com

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About OrganoClick

OrganoClick AB (publ) is a public Swedish cleantech company listed on Nasdaq First North Growth Market. 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 Growth Market is Mangold Fondkommission AB, tel: +46 (0)8 503 01 551, email: ca@mangold.se.