Polygiene Group AB (publ.) Interim Report April 1 – June 30, 2022

Publiceringsdatum: 28 jul 2022

Quarterly growth and profit margin strong despite market turbulence

Q2 in brief (April – June 2022)

  • Net sales amounted to MSEK 47.5 (46.9), a positive growth by 1.3 %  
  • The operating profit before depreciation (EBITDA) amounted to MSEK 9.6 (10.9), corresponding to an EBITDA margin of 20.3 (23.4) %
  • The operating profit after depreciation and before tax (EBIT) amounted to MSEK 11.5 (10.0), corresponding to an EBIT margin of 24.3 (21.3) %
  • The gross margin increased to 66.7 (61.9) %
  • The cash flow amounted to MSEK -0.4 (5.2)
  • Cash and cash equivalents amounted to MSEK 53.6 (41.5)
     

Significant events during the quarter in brief (April – June 2022)

  • Fully antimicrobial smartphone nomi­nated for multiple awards and wins innovation award
  • Chinese Hotsuit opts for Polygiene StayFresh to keep garments fresh for longer
  • Aim is set for full coverage odor control in Forloh hunting apparel with Polygiene StayFresh and OdorCrunch
  • Pylon Coatings uses Polygiene BioMaster and VeriMaster for antimicrobial surface protection and identification
  • Polygiene BioMaster technology helps power electric car sales for Chinese NIO
  • Bio5 launches stationery with superpowers from Polygiene BioMaster
  • Polygiene Group strongly dissociates itself from erroneous claims in misleading article criticising one of the Group’s existing technologies
  • Success for Polygiene Group at Aircraft Interiors Expo
  • Polygiene strengthens management with top recruitment of Frank Stevens as Chief Operating Officer
     

Significant events after the quarter

  • Polygiene Group hires Niklas Blomstedt as new CFO and previous CFO assumes the role of HR manager for Polygiene Group

This information is information that Polygiene Group 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 July 28, 2022

For more information, visit ir.polygiene.com or contact:
Nina Forsvall, CFO. Mobile: +46 (0) 72 550 88 11. E-mail: nina.forsvall@polygiene.com
Ulrika Björk, CEO. Mobile: +46 (0) 70 921 12 75. E-mail: ulrika.bjork@polygiene.com

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Polygiene Group is the global leader in antimicrobial technologies and odor control solutions. We treat hard surfaces and textiles to ensure that your products are better protected and remain more hygienic, and you remain confidently fresh and odor-free. As the ingredient brand of choice, we work with over 500 global premium brands within our business areas of Product Protection and Freshness. We provide a wide range of technologies that increase the value of our customers products and enable consumers to live a more mindful life. We offer solutions and treatments for products with technologies such as: BioMaster, VeriMaster, ScentMaster, MasterPiece, BioStatic and OdorCrunch. Polygiene Group is listed on the Nasdaq First North Growth Market in Stockholm, Sweden. For more information: www.polygiene.com

Erik Penser Bank AB is the Company’s Certified Adviser, telephone: 08-463 83 00, e-mail: certifiedadviser@penser.se

Interim Report Q2 2022
Polygiene interim report Q2 2022 PR ENG 220728