ORGANOCLICK AB (PUBL) PUBLISH INTERIM REPORT FOR Q2 2023

"Our strategic transformation to become a chemical company has continued according to plan during the second quarter. Binder sales in Nonwoven & fiber technologies continued to grow sharply, and our consumer products in Green coatings & maintenance products also showed good growth. On the other hand, sales of OrganoWood timber in Functional wood dropped heavily because of the weak construction activity. All in all, the group’s sales grew by 6 percent to MSEK 41.0 (38.5)."

Translation from CEO Mårten Hellbergs comments to the Interim Report.

Q2, 1 April - 30 June 2023

The Group compared with 2022

» Net revenue amounted to SEK 41.03 (38.53) million

» The gross margin amounted to 26.9 (17.6) %

» EBIT amounted to SEK -0.38 (-6.73) million

» Cash-flow from operating activities amounted to SEK 8.04 (-8.52) million

1 January – 30 June 2023

The Group compared with 2022

» Net revenue amounted to SEK 84.51 (71.16) million

» The gross margin amounted to 26.4 (21.1) %

» EBIT amounted to SEK -0.29 (-10.92) million

» Cash-flow from operating activities amounted to SEK -7.18 (-24.87) million

The complete version of the Interim Report is attached in this press release and is available on the companys´ homepage. The informationen in this Interim Report is according to the rules of Nasdaq First North Growth Market.

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 17-08-2023 08:30 CET.