ORGANOCLICK AB (PUBL) PUBLISH YEAR END REPORT 2018
“The new year has started with ice and snow but with a strong January in hand, we feel like we are moving toward brighter times after a weak 2018. Q4 was in line with previous quarters 2018, with a weak Swedish building market as the main reason for our low sales growth. Our net sales during the quarter increased with 4.3 % to SEK 13.1 (12.5) million, totalling a sale of SEK 78.4 (74.7) million for the full year…During the first quarter our focus will be on production and delivery. We are approaching spring which is our most intense period. With our newly signed agreements, substantially larger volumes will be delivered then previous years, and with Baux launch of interior design products, we will also scale up our production of biocomposites… After a weak 2018, we now look forward to 2019 where we have an ambition to return to two digit sales growth and continue to improve our result. We will thereby create value for both our shareholders and further increase the supply of our biobased products that replace the current plastic products.”
Translation from CEO Mårten Hellbergs comment to the Year End Report.
Q4, 1 Oct – 31 Dec 2018
The group compared with 2017
»The groups net revenue amounted to SEK 13.06 (12.53) million.
» EBITDA amountedtoSEK -4.84 (-7.41) million.
12 months, 1 Jan – 31 Dec 2018
The group compared with 2017
»The groupsnet revenue amounted to SEK78.40 (74.68) million.
»EBITDA amounted to SEK-11.36 (-17.59) million.
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:
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 durable water repellent technology for textiles OrganoTex®, the biocomposite material OrganoComp®, surface treatment and maintenance products for villa and property owners under the brand BIOkleen®, biobased binder under the trade name OC-BioBinder™ andthe 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, phone: +46 (0)8 463 83 00, email: email@example.com.
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, 20 February 2019 at 8:30.