Polygiene AB (publ.) Year-end report 2021

Publish date: 24 feb 2022

New financial targets and acquisitions process close out the year

Q4 in brief (October – December 2021)

  • Net sales amounted to MSEK 40.2 (26.6), a positive growth by 51 %
  • The operating profit/loss EBIT amounted to MSEK 3.9 (-2.4), an increase by 263 %
  • The gross margin amounted to 67.8 (64.9) %
  • The cash flow amounted to MSEK 2.7 (-3.1)

Events during the quarter (October – December 2021)

  • Tricorp, leading workwear brand in the Netherlands launches products treated with Polygiene®, in which pre- and post-consumer waste is used
  • The reference Brazilian surf wear brand Oceano launches a collection with Polygiene technologies that focus on preserving the oceans
  • Vicunha, one of the world’s largest suppliers of denim presents a new collection featuring Polygiene Stays Fresh® technologies for the 2021/22 season
  • Biomaster™ protected children’s ride-on luggage Trunki wins design award
  • Brand är launch first reusable FFP2 certified respirator with Polygiene ViralOff™ treatment – hugely minimizing the load on the environment
  • Speedlink, one of Europe’s leading PC and video game console accessories brands, launch mousepad featuring Polygiene ViralOff
  • Mix Innovations Ltd develops revolutionary Biomaster protected hydration system that gives users the ability to switch between water and sports drinks
  • Diesel starts secondhand sales – used Diesel jeans are collected, reconditioned and treated with Polygiene ViralOff and Polygiene OdorCrunch before they are resold
  • Passenger comfort specialist Train Bits & More Ltd. Partner with Biomaster to offer transport operators greater product protection against bacteria on coatings for handrails, seat handles and arm rests
  • Polygiene Americas expands its sales representation with MTI New York as external sales representatives

Significant events after the quarter

  • Polygiene sets new financial targets for the period 2022 –2026 of net sales of more than BSEK 1, and an EBIT margin of more than 30 %, at the latest in year 2026
  • Polygiene acquires business related to SteriTouch through the indirectly wholly owned subsidiary Addmaster (UK) Limited
  • After a two-year break, Polygiene is exhibiting again at Première Vision in Paris, many brands show great interest in Polygiene’s technologies and sustainability focus

This information is information that Polygiene AB (publ.) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out below, at 08.00 CET on February 24, 2022