Polygiene reports new record sales in the fourth quarter
The Company provides guidance on sales development in the fourth quarter and reports sales of 26.9 (19.0) MSEK, which corresponds to growth of 41.4 %.
The Company's wholly owned subsidiary Addmaster Ltd, which was acquired at the beginning of the year, had an even stronger development and increased by as much as 69.2 % (excluding sales to Polygiene) and amounted to 1.7 (1.0) MGBP. Due to the annual report, the entire result hasn’t been completed yet.
“It is satisfying to see how we start delivering on the agreements we signed during the year and it’s fantastic to be able to show another record quarter. Our wholly owned subsidiary, Addmaster Ltd, also broke a new sales record during the quarter, which makes me even more comfortable with how brilliant this acquisition was,” says Ulrika Björk, CEO of Polygiene. Even though these figures are not reported into our group yet, it gives a good indication of how the future will develop”, she concludes.
The Year End report will be released on February 25th, 2021.
This information is information that Polygiene 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 set out below, at 8.45 CET on January 15th, 2021.
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As the world leader in stays fresh technologies, we want to change the way we view products – from fast consumables to durables. We treat clothes, accessories, home products, and textiles to help people stay fresh, wash less and let clothes and products live longer. Over 200 global premium brands have chosen to use the Polygiene brand with their products. Polygiene is listed on Nasdaq First North Growth Market in Stockholm, Sweden. For more information: polygiene.com Erik Penser Bank AB acts as its Certified Adviser. Phone: +46 8- 463 83 00, e-mail: [email protected].
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