OrganoClick has signed a 5-year frame work agreement with a leading nonwoven manufacturer for
"Our gross margin (excl. fixed production costs) increased from 37 % Q1 2017 to 44 % Q1 2018. Except improved gross margin, our fixed operating costs (excl. depreciations) have been unchanged from Q1 2017 to Q1 2018. Overall, our EBITDA was improved from SEK -5.43 million Q1 2017 to SEK -2.95 million Q1 2018."
Translation from CEO Mårten Hellbergs comments to the Interim Report.
Q1, 1 January – 31 March 2018
The Group compared with Q1 2017
» The net revenue amounted to SEK 18.40 (17.96) million
» EBITDA of SEK -2.96 (-5.43) million
» Result before tax of SEK -4.95 (-7.11) million
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.
For more information, please contact; Mårten Hellberg, CEO OrganoClick
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 biocomposite material OrganoComp®, surface treatment and maintenance products for villa and property owners under the brand name 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 is Erik Penser Bank.
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, 9th May 2018 at 8:30.