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EXEC: Polygiene Returns to the Black in Q2
['Sgb Executive']
SGB Media Online
Sales in the period increased 0.6 percent to SEK 32.1 million ($3.1 mm) from SEK 31.9 million a year ago.
Total expenses for the period amounted to SEK 9.9 million, down from SEK 10.5 million a year ago.
Operating profits (EBIT) amounted to SEK 1.6 million against an operating loss of SEK 2.6 million a year ago and an operating loss of SEK 100,000 in the first quarter.
Operating profit before depreciation (EBITDA) amounted to SEK 3.0 million against a loss of SEK 1.2 million a year ago.
Polygiene also “took further steps to simplify our operating model in the Americas, creating a leaner organization better positioned to deliver sustainable, profitable growth,” said Garnier.