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ORGC — Organoclick AB News Story

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Sweden's OrganoClick Q3 revenue falls 50% on lower Nonwoven and Wood Protection sales

Sweden's OrganoClick Q3 revenue falls 50% on lower Nonwoven and Wood Protection sales


Overview

  • Sweden green chemical firm's Q3 revenue fell 50% yr/yr due to lower Nonwoven and Wood Protection sales

  • Pro forma Q3 sales rose 4.9%, led by 23% growth in consumer brands

  • Operating loss and cash flow from operations improved as cost savings took effect


Outlook

  • Company expects continued good sales for consumer products from existing and new customers

  • Company to prioritize ongoing savings program and cost base adaptation to new sales volume

  • OrganoClick aims to transition to a pure green chemical company via timber production out-licensing


Result Drivers

  • CONSUMER BRANDS GROWTH - Co said double-digit sales growth in consumer brands drove pro forma sales increase

  • COST SAVINGS - Co said lower costs and improved product mix helped operating profit and cash flow

  • LICENSING TRANSITION - Shift to licensing model in Wood protection reduced sales but expected to improve profitability


Company press release: ID:nMFN9t8HWR


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Revenue

SEK 11.20 mln

Q3 EBIT

-SEK 5.10 mln


Reuters Recommended Reads

  • Nov 5 - Belgium's Syensqo Q3 sales rise 9% on materials unit growth

  • Nov 4 - Solvay Q3 revenue falls on soda ash weakness

  • Nov 5 - Chemicals producer Lanxess Q3 sales rise on higher prices


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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