Strong gross margin and break-even at EBITDA level despite lower sales
Net sales for the quarter totaled MSEK 28.0 (45.1), corresponding to a 37.9 % decline compared to 2022. However, the gross margin was solid at 76.4 (67.1) %. The quarterly operating profit, (EBITDA), amounted to MSEK -0.2 (9.3) for an EBITDA margin of -0.6 (20.7) %. Cash flow was negative at MSEK -1.2.
The quarter in brief (January -
- Net sales amounted to MSEK 28.0 (45.1). There is an exchange rate impact of approximately 2 % in the quarter compared to last year
- The gross margin was 76.4 (67.1) %
- Operating profit before depreciations (EBITDA) amounted to MSEK -0.2 (9.3)
- Operating profit after depreciations and before tax (EBIT) amounted to MSEK -2.8 (3.8)
- The cash flow amounted to MSEK -1.2 (1.4) (-0.6 including FX impact). Cash and cash equivalents amounted to MSEK 47.6 (54,0)
Significant events during the quarter in brief (January -
Polygiene Group acquired the former distributor Biomaster US-
Strategic distribution agreement with
N9 World Technologies Pvt Ltd inIndia - Polygiene Technologies can reduce environmental impact by a third
Polygiene Group has signed an agreement with a new distributor inChina Rajesh Varma announced his resignation from the board onMarch 8, 2023 Polygiene has partnered with aftercare specialistsStorm Care Solutions Ltd - Polygiene StayFreshTM is now included in MP Activewear's entire Tempo Ultra collection
Polygiene continues its collaboration with O'Neill for their SS23 training collectionPolygiene partners withWarwick Music Group to bring a new type of antimicrobial recorder-
Continued collaboration with
Ricardo Beverly Hills on their new Essentials 5.0 Travel Organizers Polygiene participated in the Innovation Day organized byThe Society of Food Hygiene and Technology -
For the first time
Polygiene participated in Colombiatex, together with our partner CEColor
Events after the quarter
Polygiene Group anticipates lower sales in the periodJanuary 1 to March 31, 2023 Polygiene joins the influentialEuropean Outdoor Group (EOG)
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Ulrika Björk, CEO. +46 (0) 70 921 12 75, ulrika.bjork@polygiene.com
ABOUT US:
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: OdorCrunch, StayFresh, ScentMaster, ViralOff, BioMaster and VeriMaster.
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