Polygiene Group AB (publ.) Interim Report July 1 – September 30, 2024

A quarter characterized by continued strong growth and increased profitability

The net sales for the quarter amounted to MSEK 40.8 (28.7), an increase of 42%. During the period, a gross margin of 71.6% (72.2) was reported. The operating profit before depreciation and tax (EBITDA) for the quarter amounted to MSEK 5.7 (-1.0). Cash flow was positive at MSEK 3.8 (2.3), and cash and cash equivalents amounted to MSEK 58.2 (48.3).


The quarter in brief

• Net sales amounted to MSEK 40.8 (28.7), an improvement of 42%. The quarter had a negative currency effect of approximately -3.4% compared to the previous year.
• The gross margin was 71.6% (72.2).
• Operating profit before depreciation (EBITDA) amounted to MSEK 5.7 (-1.0). This amount includes MSEK 1.3 related to extraordinary costs.
• Operating profit after depreciation and before tax (EBIT) amounted to MSEK 4.2 (-2.4).
• Cash flow amounted to MSEK 3.8 (2.3). Liquid assets amounted to MSEK 58.2 (48.3).

Significant events during the quarter in brief 

• Polygiene collaborates with Officina+39 to offer sustainable dyeing with Recycrom™, an award-winning pigment powder made from recycled textile fibers.
• Quickdry Frame®, with its patented moisture management technology, has partnered with

Polygiene to add odor control using natural Polygiene OdorCrunch™.

• New company for equity analysis: Redeye.

The report is enclosed in this press release and is available to download on polygienegroup.com/news

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