Polygiene Group AB (publ.) Interim Report April 1 – June 30, 2024
Publish date: July 23, 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.