"The second quarter was the most uncertain quarter we have ever entered as a listed company. We did
OrganoClick has during the year had a continuous good organic sales growth of 28 % to a net revenue of SEK 38.8 million. The growth has been in particular strong within the business unit Functional wood which had sales of SEK 38.5 million. In December we finalised our first acquisition of the company Biokleen Miljökemi which supplies maintanance and cleaning products for demanding outdoor application for the DIY market. Biokleen had revenue of SEK 23.0 miljoner during its business year Sept 2015 – Aug 2016. OrganoClicks sales (pro-forma) including the acquired Biokleen therefore increased to SEK 61.8 million the business year 2016.
Important activities and milestones from the business year 2016:
- Total net sales of SEK 38.8 (30.5) million
- Net sales (pro-forma) including the acquired company Biokleen Miljökemi of SEK 61.8 million
- EBIT of SEK -29.7 (-20.8) million
- Distribution agreement for OrganoWood's wood protection system in the UK and Ireland
- Supply agreement with a leading European manufacturer of cable insulation
- Preview of Nyarp's burial coffin made in OrganoComp®
- Acquisition of Biokleen Miljökemi which had revenue of SEK 23.0 million the business year 2015/2016
The complete Annual Report is attached in this press release and is available on the company's homepage. In the Annual Report a more in depth market description is presented about the company's different markets.
For more information, please contact: Mårten Hellberg, CEO
Phone: +46 (0)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 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, 9th May 2017 at 20:30.