ORGANOCLICK AB (PUBL) PUBLISH YEAR END REPORT 2018

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ORGANOCLICK AB (PUBL) PUBLISH YEAR END REPORT 2018

"2019 ended with a step in the right direction in terms of sales. All of our business units grew by double-digit numbers and several new important agreements were signed. Our total sales during the fourth quarter increased by 14.8 (4.3) %, where almost all sales came from product sales. If we exclude sales of service from the fourth quarter of 2018 (which consisted of one-time revenue for a customer project), the Group’s product sales increased by 24.4%. For the whole year 2019, sales increased by 9.0 (5.0) % to SEK 85.5 (78.4) million."

Translation from CEO Mårten Hellbergs comments to the Interim Report.

 

Q4, 1 Octoberl - 31 December 2019

The Group compared with 2018 

» Net revenue amounted to SEK 15.00 (13.06) million

» The gross margin (after variable costs) amounted to 35.2 (39.7) %

» EBITDA amounted to SEK -5.57 (-4.84) million

» Cash-flow from operating activities amounted to SEK -9.69 (-3.89) million

» Earnings before tax amounted to SEK -9.33 (-6.95) million

 

Full year 2019, 1 January – 31 December 2019

The Group compared with 2018 

» Net revenue amounted to SEK 85.48 (78.40) million

» The gross margin (after variable costs) amounted to 41.0 (39.5) %

» EBITDA amounted to SEK -3.12 (-11.36) million

» Cash-flow from operating activities amounted to SEK -11.01 (-18.97) million

» Earnings before tax amounted to SEK -18.81 (-19.54) miljoner kr

 

The complete version of the Interim Report (in Swedish) 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.

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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.

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, 18 February 2020 at 8:30.

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