SIGNS OF RECOVERY AND POSITIVE MARKET SIGNALS
Net sales for the quarter amounted to MSEK 30.9 (40.0), down 23 % from the same period in 2022. This period saw a solid gross margin of 70.6 (64.9) %. Operating profit before interest, taxes, depreciation, and amortization (EBITDA) came to MSEK -3.4 (-1.8) million, including one-off costs of MSEK 3.7. Cash flow was negative at MSEK -2.3 million (-4.1 adjusted for foreign currency effects), and cash and cash equivalents totaled MSEK 44.1.
Financial development during the quarter
- Net sales amounted to MSEK 30.9 (40.0). There is an exchange rate impact of approximately 3 % in the quarter compared to last year.
- The gross margin was 70.6 (64.9) %.
- Operating profit after depreciations and before tax (EBIT) amounted to MSEK -302.4 (-6.4) impairment of goodwill of MSEK -295
Significant events during the quarter
Polygiene Group launches a unique, plant-based antimicrobial technology for the textile market.-
To create a clearer customer offering, a strategic decision was made to increase focus on the
Addmaster business and reinstate the previous brand structure. David Clark was appointed as Business Development Manager andPaul Willocks as Marketing Manager forAddmaster .- At the end of the year, the Company announced that no updated long-term financial goals will be communicated.
Brett Martin has opted to incorporate Biomaster technology across its entire antimicrobial product line.
Events after the quarter
Addmaster has signed an exclusive three-year agreement with a major international company that is a world leader in geotextiles.
The report is enclosed in this press release and is available to download on ir.polygiene.com/financial-reports/
You can register to a video conference presenting the report today at 10.00 CET via this link.
This information is information that
For more information, visit ir.polygiene.com or contact:
Ulrika Björk, CEO. +46 (0) 70 921 12 75, ulrika.bjork@polygiene.com
ABOUT US:
Polygiene Group™ is the global leader in antimicrobial technologies. The company treat hard surfaces and textiles to ensure that products are better protected and hygienic, fresh and odor-free. As the ingredient brand of choice, the company work with over 500 global premium brands via
For more information: www.polygiene.com
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