Sweden's Polygiene Q1 net sales fall, gross margin rises

Polygiene AB

23/04/2026 07:09

Overview

Sweden ingredient tech firm's Q1 net sales declined 25.3% yr/yr, impacted by currency effects

Gross margin improved to 69.5% from 67.4%, despite currency headwinds

Company launched OdorCrunch2.0 and began partnerships with Salomon and Chemco International

Outlook

Polygiene did not provide specific guidance or outlook for upcoming quarters or the full year

Result Drivers

CURRENCY EFFECTS - Co said Q1 net sales were negatively impacted by currency movements

NEW PRODUCT LAUNCH - Co launched Polygiene OdorCrunch2.0, a next-generation odor control technology

NEW PARTNERSHIPS - Co initiated collaborations with Salomon and Chemco International during the quarter

Company press release: ID:nMFNbwjVJp

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
SEK 31 mln
Q1 Gross Margin
69.50%
Q1 EBIT
-SEK 100,000
Q1 EBITDA
SEK 1.20 mln


Analyst Coverage

Wall Street's median 12-month price target for Polygiene Group AB is SEK22.00, about 182.1% above its April 22 closing price of SEK7.80

The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 10 three months ago

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.)