OrganoClick AB (publ) publish Interim Report for the third quarter 2015
"Sales for the group increased with 44 percent compared with Q3 2014 and amounted to SEK 7,1 million. In total, sales has increased with 44 percent during 2015 in comparison with 2014.
Within the business unit Fiber composites & paper products intense work is currently ongoing. Test production of OrganoClick's first product, a new ligth-weight material for burial coffins, is performed since August. Commercial production is planned to start in the end of the year.
We now continue with our international expansion according to plan and with this work lay a fundation for a continued strong sales growth."
Translation from CEO Mårten Hellbergs comments to the Interim Report.
Q3, 1 July – 30 September 2015
The group compared with 2014
» The groups net revenue amounted to SEK 7.15 million (4.96)
» The result before tax amounted to SEK -4.64 million (-3.29)
1 January – 30 September 2015
The group compared with 2014
» The groups net revenue amounted to SEK 25.86 million (17.97)
» The result before tax amounted to SEK -14.16 million (-10.33)
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, CEO OrganoClick
Phone: +46 8 684 001 10
Email: marten.hellberg@organoclick.com
About OrganoClick
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.