ORGANOCLICK AB (PUBL) PUBLISHES ITS INTERIM REPORT FOR Q2 2017

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ORGANOCLICK AB (PUBL) PUBLISHES ITS INTERIM REPORT FOR Q2 2017

"During the second quarter our positive trend from the first quarter continued. Sales increased from SEK 17.1 million to SEK 28.0 million which excluding the acquisition gave an organic growth of 25 %. The gross margin continued to increase to 40 % compared with 34 % the same period 2016. EBITDA for the group amounted to SEK -0.95 million compared with SEK -4.42 million 2016. The operating cash-flow amounted to SEK 0.5 million."

Translation from CEO Mårten Hellbergs comments to the Interim Report

 

Q2, 1 April – 30 June 2017

The Group compared with 2016

» The net revenue amounted to SEK 28.00 (17.09) million

» EBITDA of SEK -0.96 (-4.42) million

» Q2 became the first quarter ever when the Group had positive operating cash-flow 


1 January – 30 June 2017

The Group compared with 2016

» The net revenue amounted to SEK 45.96 (23.64) million

» EBITDA of SEK -6.16 (-11.56) million

» Result before tax of SEK -9.59 (-13.53) 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

Email: marten.hellberg@organoclick.com

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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 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, 25th August 2017 at 8:30. 

Press release as PDF