OrganoClick AB (publ) publish Interim Report for the second quarter 2016

OrganoClick in Forbes

In conjunction with the first “Innovative Sweden” exhibition arranged by the Swedish Institute

OrganoWood at XL-Bygg

The wood preservative OrganoWood, marketed by OrganoClick’s daughter company OrganoWood AB, will

OrganoClick AB (publ) publish Interim Report for the second quarter 2016

"During the second quarter, OrganoWood's business is in high season. The quarter is seasonally our strongest within both sales and production of our wooden and wood treatment products. During the quarter, our sales increased with 27,5 % and May became the best month ever for the group."

Translation from CEO Mårten Hellbergs comments to the Interim Report.

Q2, 1 April – 30 June 2016

The group compared with 2015

» The groups net revenue amounted to SEK 17.09 million (13.41)

» The result before tax amounted to SEK -5.55 million (-3.73)

1 January – 30 June 2016

The group compared with 2015

» The groups net revenue amounted to SEK 23.64 million (18.71)

» The result before tax amounted to SEK -13.53 million (-9.70)

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.

Interim report Q2 2016

For more information, please contact; Mårten Hellberg, CEO OrganoClick

Phone: +46 8 684 001 10

Email: marten.hellberg@organoclick.com

 

About OrganoClick

OrganoClick AB (publ) is a Swedish cleantech company listed on Nasdaq First North that 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 timber protectant OrganoWood® (through the subsidiary company OrganoWood AB) and biobased binders for non-woven materials. OrganoClick was founded in 2006 as a commercial spinoff company based on academic research examining the modification of biofibers performed at Stockholm University and the Swedish University of Agricultural Sciences. OrganoClick has won several prizes and has been designated “Sweden's most promising start-up company”, Sweden's best environmental innovation and has appeared on the Affärsvärldens och NyTekniks top 33 list of “Sweden's hottest technology companies”. The company has also received a number of awards, such as The Worldwide Fund for Nature (WWF) “Climate Solver” award. OrganoClick’s headquarters are in Täby, north of Stockholm, where the company's production, R&D, sales and marketing departments are located. OrganoClick's Certified Adviser on Nasdaq First North is Erik Penser Bank.

Press release as PDF