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ORGC Organoclick AB News Story

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Swedish cleantech firm OrganoClick's Q1 revenue falls

Overview

Sweden green chemical firm's Q1 revenue fell 23% yr/yr

Company posted positive Q1 operating profit after prior losses, driven by cost savings

Improved gross margin and cash flow attributed to efficiency program and product mix shift

Outlook

OrganoClick expects the loss of a major industrial customer to impact sales from Q3

Result Drivers

COST SAVINGS - Co said implementation of savings programs reduced fixed costs by SEK 20 mln/yr, supporting improved operating profit and cash flow

PRODUCT MIX SHIFT - Higher share of consumer products, now over 50% of sales, boosted gross margin to 30.5% despite lower revenue

NEW CUSTOMER SALES - Growth in new customer sales for consumer brands in Sweden and Switzerland contributed to positive development in consumer business

Company press release: ID:nMFN4RFzkB

Key Details

MetricBeat/MissActualConsensus Estimate
Q1 RevenueMissSEK 27.40 mlnSEK 34 mln (1 Analyst)
Q1 Gross Margin30.50%
Q1 EBITSEK 300,000
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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