OrganoClick has signed a reseller agreement with Stadium for OrganoTex®. Under the agreement,
"OrganoClick continued its fast expansion during the first quarter of 2015. The revenue in the group increased with approximately 111 % from SEK 2,5 million in the first quarter of 2014 to SEK 5,3 million during the first quarter of 2015. The total revenue for the group amounted to SEK 5,5 million during the quarter.
The company was listed at Nasdaq First North February 16 and made in conjunction with the listing an oversubscribed emission of shares amounting to SEK 75 million. The capital will be used for an international expansion of the companys' business with a strengthening of the sales and marketing organisation in the business unit Performance textiles & nonwoven as well as for a market launch of the companys' first fiber moulded material. We are currently working intensely with the completion of the companys' new production facility and has initiated a number of new key recruitments.
Looking ahead to second quarter we see that the sales continue to grow rapidly in comparison with 2014."
Translation from CEO Mårten Hellbergs comments to the Interim Report.
Q1, 1 January – 31 March 2015
The group compared with 2015
» The groups net revenue amounted to SEK 5,31 million (2,52).
» The result before tax amounted to SEK -5,97 million (-3,58).
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 at Nasdaq First North.
For more information, please contact; Mårten Hellberg,
Phone: +46 8 684 001 10
OrganoClick AB (publ) is a public Swedish cleantech company listed on Nasdaq First North. The company develops, produces and markets functional materials based on environmentally friendly fiber chemistry. Examples of products that are marketed by OrganoClick are the water repellent fabric treatment OrganoTex®, the flame and rot-resistant timber OrganoWood® and biocomposite materials. 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 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 is Pareto Securities AB.