Polygiene Group AB (POLYG) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello and a very warm welcome to PolyGene Group's second quarter 2026 webinar. Today's presentation will be divided into three sections. Our CFO, Nicolas, will start with the financial update, after which I will provide an overview of the business and then we will conclude the session with question and answer. With that, Nicolas, over to you. Yeah, during the quarter, we did see an increase of sales with around 1%, and with a negative effect of around 2%, the actual increase was 3%. So it's 32.1 versus 31.9. We also have an improvement in margin, 71% versus 63%. That includes a positive impact of 2% due to the effects. We also had a positive price impact. We've been a little bit ahead of the curve when it comes to the increased cost of the silver, and we have managed, mainly in Admaster, to increase the price to the customers before we actually have had the actual cost increase. And we also had repricing at the distributors at Polygiene, which had a one-time effect of around 1 to 1.5 million SEK on the merchant. We had lower operating cost, 18.9 versus 19.8, lower cost in travels, tests, legal and IR. And all of that generated a positive EBITDA of 3.0 million SEK versus minus 1.2 and a positive EBITDA 1.6 versus minus 2.6. Looking at the cash flow, we also had the positive cash flow with 6.1 million versus last year with negative 12.6 million. We had a really good AR collection during the quarters. We had some late inventory build-up, but that was then offset by the accounts payable. Last year, we had the dividends paid out for the first part of the dividends in late, maybe in June. And then we had a bit of earlier inventory build-up that wasn't offset by the accounts payable. And then at the end that resulted that we have at the time end of the period we had a cash ...