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2016-05-11

Polygiene AB: Polygiene AB (publ.) Interim financial statements 1 January-31 March 2016

The quarter in brief

Jan-Mar 2016 Jan-Mar 2015 Rolling 12 mos. Whole year
Net sales 13.4 6.8 58.1 51.5
Operating -1.3* 0.0* 4.2 5.6
profit EBIT,
MSEK*
Profit after -1.3* 0.0* 7.8 9.2
tax, MSEK*
Operating -10.0 0.5 7.3 10.9
margin EBIT, %
Operating -10.0 0.5 13.4 17.8
margin after
tax, %
Earnings per -0.08 0.00 0.45 0.55
share, SEK
Cash flows -3.1 -0.6 19.0 21.5
MSEK

* Quarter profits were encumbered by non-recurring expenses related to
our listing on Nasdaq First North and negative exchange rate
differences.After eliminating these costs, operating profit and
profit for the quarter was MSEK 0.2 (-0.5).

Significant event for the period (Jan-Mar)

The organization was reinforced with new hires
Jan Bertilsson was hired as CFO and Edmond Lee as Technical Manager,
Asia Pacific.

Changed type of company
The extraordinary general meeting of shareholders held 14 January 2016
adopted changes to the type of company from private limited company
to public.

Listing on Nasdaq First North
The company was listed on the Nasdaq First North Stockholm Exchange on
March 14, 2016.

Significant events after the period end

Into a new segment
Polygiene took a first step into the personal protective equipment and
uniforms for work segment with the US firm Propper that now
advertises they deliver a new collection of high performance
underclothing for users with extremely high demands, such as military
and rescue services personnel.

Proposed new member of the Board of Directors
Jonas Sjögren, previously CEO for Discovery Networks Sweden, proposed
as new member of the Board of Polygiene AB (publ). A majority of
owners in Polygiene AB (publ) support the proposal.

Polygiene and Converse Footwear (Japan)
Converse Footwear Co.,Ltd. (Japan) is the first footwear brand to
introduce the advantages of Polygiene Odor Control Technology to
Japanese consumers, with Converse's pioneering S/S16 line, the
Whiteplus collection. The partnership with Converse Footwear (Japan)
gives Polygiene a foothold into a new untapped market where odor-free
footwear has a great potential among odor-conscious consumers.

Malmö 11 May, 2016
The Board

This report has not been audited by the company Auditors. For the
complete report, please find the attached PDF.

For more information, please contact:
Christian von Uthmann, CEO, Polygiene
Cell: + 46 (0)70 319 77 21, e-mail: cvu@polygiene.com

About Polygiene
Polygiene Odor Control Technology is a world-leading technology for
odor control. The company is recognized as the global provider of
Stay Fresh solutions for clothing, sports equipment, lifestyle
textiles and other materials. Polygiene brings the Scandinavian
values of quality and care for the environment to life through its
products and services. More than 100 global premium brands have
chosen to use Polygiene in their products. Polygiene was established
in 2006 and is listed on Nasdaq First North in Stockholm, Sweden.
Remium Nordic AB acts as its Certified Adviser.

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http://news.cision.com/polygiene-ab/r/polygiene-ab--publ--interim-financ...
http://mb.cision.com/Main/13573/2006789/514460.pdf

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