"2024 has been a challenging year but with big differences between our business units. Our consumer products showed good growth and our own brands, OrganoTex and BIOkleen, grew by more than 30 percent while our industrial products had tougher market conditions. In the fourth quarter we saw the same trend as earlier in the year. Our consumer products experienced growth, while our industrial products continued to show negative growth. Total sales amounted to MSEK 21.4 (27.9), a decrease of -23 (29) percent. However, our operating profit decreased only marginally to MSEK -6.9 (-6.1) thanks to good cost control. Sales for 2024 decreased by a total of -13 (27) percent to MSEK 127.2 (145.9), while the operating loss was MSEK -9.9 (-9.2). By contrast, cash flow from operating activities strengthened substantially to MSEK 3.6 (0.5) thanks to inventory reductions."
Translation from CEO Mårten Hellbergs comments to the Interim Report.
Q4, 1 October - 31 December 2024
The Group's result in Q4 2024 compared with Q4 2023
» Net revenue amounted to SEK 21.43 (27.91) million
» The gross margin amounted to 12.7 (18.4) %
» EBIT amounted to SEK -6.88 (-6.13) million
» Cash-flow from operating activities amounted to SEK 4.70 (6.66) million
1 January - 31 December 2024
The Group compared with 2023
» Net revenue amounted to SEK 127.23 (145.87) million
» The gross margin amounted to 25.0 (24.3) %
» EBIT amounted to SEK -9.86 (-9.23) million
» Cash-flow from operating activities amounted to SEK 3.60 (0.53) million
This disclosure contains information that OrganoClick AB is obliged to make public pursuant to the EU Market Abuse Regulation (EU nr 596/2014). The information was submitted for publication, through the agency of the contact person, on 13-02-2025 08:30 CET.
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For more information, please contact:
Mårten Hellberg, CEO
0707 - 16 48 90, marten.hellberg@organoclick.com
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About OrganoClick
OrganoClick is a Swedish green chemical company, founded in 2006 replacing hidden plastic and harmful chemicals in fiber-based materials with green chemical solutions based on fossil-free raw materials. Based on the company's patented "OrganoClick" technologies, which are inspired by nature's chemistry, OrganoClick develops, produces and markets a range of products with the aim of enabling a green transition. For example, the biobased binder OC-BioBinder for the nonwoven and paper industry, the biodegradable textile impregnation OrganoTex® for consumers and the textile industry, the biocidal-free wood protection technology OrganoWood® for wood treatment companies and the construction industry, as well as eco-labelled maintenance products for home owners under the BIOkleen brand. OrganoClick was founded as a spin-off from Stockholm University and the Swedish Agricultural University and has received several awards for its green innovations, including being named a "Climate Solver" by the World Wide Fund for Nature - WWF. The company is listed on the Nasdaq First North Growth Market and has its headquarters, production and R&D in Täby, north of Stockholm. OrganoClick's Certified Adviser on the Nasdaq First North Growth Market is Mangold Fondkommission AB, tel: +46 (0)8 503 01 551, email: ca@mangold.se.
