"OrganoClick continued its fast expansion during 2014. The revenue in the group amounted to SEK 24,6 million which was an increase with 127 % compared with 2013.
In August, the Board of Directors decided to prepare OrganoClick for an emission of shares and listing of the shares at Nasdaq First North. An intense work thereafter began during the autumn with i.e. converting the companys´ accounting principles to IFRS and implementation of a new business system. February 16, 2015 the company was listed and performed an oversubscribed emission of shares amounting to SEK 75 million. The capital will be used for an international expansion of the companys´ business with a strengthened sales organisation within Performance textiles & Nonwoven and market launch of the companys´ first fiber moulded material. We now work intensely to finalise the companys´new production facility and have initiated a number of new key recruitments.
We are looking forward to 2015 and our goal of doubling the revenue to SEK 50 million."
Translation from CEO Mårten Hellbergs comment to the Year End Report.
Q4, 1 Oct – 31 Dec 2014
The group compared with 2013
» The groups net revenue amounted to SEK 2,92 million (1,41).
» The groups other income amounted to SEK 0,87 million (0,91).
» The result before tax amounted to SEK -4,15 million (-3,90).
12 months, 1 Jan – 31 Dec 2014
The group compared with 2013
» The groups net revenue amounted to SEK 20,89 million (7,75).
» The groups other income amounted to SEK 3,66 million (3,09).
» The result before tax amounted to SEK -14,30 million (-11,10).
The complete version of the Year End Report (in Swedish) is attached in this press release and is available on the companys´ homepage. The informationen in this Year End Report is according to the rules at Nasdaq First North.
For more information, please contact; Mårten Hellberg,
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 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.