Polygiene Group AB (publ.) Interim Report April 1 – June 30, 2024

Impressive growth with strong profitability and positive cash flow

The Group’s net sales for the quarter amounted to MSEK 36.4 (25.4), representing an increase of 43.3%. During the period, a gross margin of 65.2% (74.2%) was reported. The operating profit before depreciation and tax (EBITDA) for the quarter was MSEK 2.6 (-4.0). Cash flow was positive at MSEK 5.6 (-2.8), and cash and cash equivalents amounted to MSEK 54.3.

The quarter in brief

• The net sales amounted to MSEK 36.4 (25.4), representing an improvement of 43%.
• The gross margin amounted to 65.2% (74.2%).
• Operating profit before depreciation and amortization (EBITDA) amounted to MSEK 2.6 (-4.0).
• The operating profit after depreciation and before tax (EBIT) amounted to MSEK 1.2 (-5.3).
• Cash flow amounted to MSEK 5.6 (-2.8). Cash and cash equivalents amounted to MSEK 54.3 (47.1).

Significant events during the quarter in brief 

• Changes in the board of directors include the election of Sofia Svensson to the board.
• In early June, a new website, www.polygienegroup.com, was launched primarily for shareholders and new investors.
• According to the decision of the Annual General Meeting, a warrant program for the company’s employees and consultants was introduced.
• The European Commission has extended the deadline for The Review Program regarding active substances included in biocidal products.
• During the quarter, the first order in geotextiles was received.

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

You can register to a video conference presenting the report today at 10.00 CET on this link.