ORGANOCLICK AB (PUBL) PUBLISH INTERIM REPORT FOR THE THIRD 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 THIRD QUARTER 2016

"Our third quarter has after the summer months been full of activites. We have signed an agreement to make our first aqcuisition, received several test orders of our binder OC-biobinder™ and performed production tests with three big suppliers of nonwoven. In June we also became approved as a supplier to a big producer of electrical insulations where our product OC-aquasil™ is used to make the fabrics water repellent. This customer has during the fall made the first commercial orders of smaller volumes but are planning to gradually scale up its volumes."  

Translation from CEO Mårten Hellbergs comments to the Interim Report.

Q3, 1 July – 30 September 2016

The group compared with 2015 

» The groups net revenue amounted to SEK 8.78 million (7.15)

» The result before tax amounted to SEK -6.93 million (-4.47)

1 January – 30 September 2016

The group compared with 2015 

» The groups net revenue amounted to SEK 32.42 million (25.86)

» The result before tax amounted to SEK -20.46 million (-14.16)

The complete version of the Interim Report (in Swedish) is attached in this press release and is available on the companys´ homepage. 

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. 

This press release contains information that OrganoClick AB (publ) is obliged to publish according to EU's market regulation law number 596/2014. The information was published, by the person mentioned above, 11 November at 8:30. 

Press release as PDF