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2022-11-10

OrganoClick AB: ORGANOCLICK AB (PUBL) PUBLISH INTERIM REPORT FOR Q3 2022

During the third quarter, our first major deliveries to Duni commenced, which resulted in good growth for the Nonwoven & technical textiles business unit. The Functional wood and Green coatings & maintenance products business units are now noticing an impact from the deteriorated hardware market, with a fall-off in sales. Overall, the Group's sales decreased by -1.7 (13.5) percent to SEK MSEK 22.3 (22.6). By contrast, cash flow from operating activites strengthened considerably to MSEK 3.5 (-0.2) thanks to reduced inventory levels.

Translation from CEO Mårten Hellbergs comments to the Interim Report.

Q3, 1 July - 30 September 2022

The Group compared with 2021

» Net revenue amounted to SEK 22.26 (22.64) million

» The gross margin amounted to 11.9 (9.0) %

» EBIT amounted to SEK -7.91 (-8.11) million

» Cash-flow from operating activities amounted to SEK -3.54 (-0.17) million

1 January - 30 September 2022

The Group compared with 2021

» Net revenue amounted to SEK 93.42 (92.11) million

» The gross margin amounted to 18.9 (18.6) %

» EBIT amounted to SEK -18.83 (-16.76) million

» Cash-flow from operating activities amounted to SEK -21.33 (-25.93) million

The complete version of the Interim Report is attached in this press release and is available on the companys' homepage (https://organoclick.com/investor-relations/reports/). 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 10-11-2022 08:30 CET.

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For more information, please contact:

Mårten Hellberg, CEO

0707 - 16 48 90, marten.hellberg@organoclick.com

Författare Cision