Polygiene Group AB (publ.) Interim Report July 1 – September 30, 2022

Publish date: 27 Oct 2022

Reduced purchasing power and increased inventory turns distributors cautious

The quarter in brief (July – September 2022)

  • Net sales amounted to MSEK 41.0 (52.3), a decrease by 21.7 % mainly due to reduced sales to the distributor level
  • The gross margin increased to 65.6 (64.3) %
  • The operating profit before depreciations EBITDA amounted to MSEK 5.1 (15.7), corresponding to an EBITDA margin of 12.5 (30.0) %
  • The operating profit after depreciations and before tax EBIT amounted to MSEK 7.0 (15.7), corresponding to an EBIT margin of 17.2 (30.0) %
  • The cash flow amounted to MSEK 1.9 (8.4)
  • Cash and cash equivalents amounted to MSEK 55.5 (49.9)

Significant events during the quarter in brief (July – September 2022)

  • NNT and Polygiene® team up to create new frontline workwear uniforms for health professionals
  • Universal Performance and Polygiene collaborate to create the world’s first organic loungewear with OdorCrunchTM technology
  • Polo Motorrad and Polygiene launch motorcycle gloves
  • Lacuna Sports, women’s performance cricket sportswear with Polygiene
  • Forbes listing Polygiene partner Gregory Mountain Products as outstanding for travelling
  • Polygiene at Functional Fabric Fair in New York City
  • Polygiene at Packaging Week in London
  • Guarding the next generation of sport stars – National Mouthguard Day with OPRO and Polygiene
  • Brand partner Airinum extends its collection and launch bags with antimicrobial protection
  • NIO, electric vehicle manufacturer and partner to Polygiene now launches its cars in the European market
  • New sales agent in France important step for Polygiene Group
  • O’Neill and Polygiene cooperate within ISPO Collaborators Club
  • Extensive branding project for Polygiene Group
  • Polygiene Group hires Niklas Blomstedt as new Chief Financial Officer

    Events after the quarter

  • Polygiene at the European Outdoor Summit (EOS) in Annecy, France


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

You can register to a video conference presenting the report today at 10.00 CET here:

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 October 27, 2022

For more information, visit ir.polygiene.com or contact:

Niklas Blomstedt, CFO. Mobile: +46 (0) 706 63 21 26. E-mail: niklas.blomstedt@polygiene.com
Ulrika Björk, CEO. Mobile: +46 (0) 70 921 12 75. E-mail: ulrika.bjork@polygiene.com

Subscribe here to get reports, press releases and News newsletters: http://ir.polygiene.com/en/press/subscribe/

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: BioMasterTM, VeriMasterTM, ScentMasterTM, MasterPieceTM, StayFreshTM and OdorCrunchTM.Polygiene Group is listed on Nasdaq First North Growth Market in Stockholm, Sweden. For more information: www.polygiene.com.

Erik Penser Bank AB is the Company’s Certified Adviser.