Polygiene Group AB (POLYG) Q3 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and welcome to this pre-recorded webinar of the PolyGene Group's third quarter. My name is Ulrika Bjork and I'm the CEO of the company. And my name is Niklas Blomstedt and I am the CFO. So moving into the highlights of the quarter, we can see yet another strong quarter with impressive growth and profitability, and alongside with a positive cash flow. We also could present some new strategic innovation partners in the PolyGene Freshness area. And also again, AdMaster's website is becoming a really effective tool for lead generations. And I will come back to that a little bit later. And we will also have a refocus on the investor relations. Moving into the financial update. We have sales of 40.8 million SEK versus 28.7. We have a gross margin of 71.6 versus 72.2%. Operating cost of 21.8 versus 20.6. EBITDA of 5.7 million SEK versus minus 1 million SEK. And an EBIT of 4.2 million SEK versus minus 2.4 million SEK. have a positive cash flow of 3.8 million SEK versus 2.3 and at the end of the period we had a cash of 58.2 million SEK. If we go in a little bit more deeper on the sales, we can see that the increase then to 40.8% is an increase of 42% versus last year. And that includes a minus 3.4% in FX impact. You can also see that we have better sales versus the last quarter, quarter two this year. In the quarter, we had a small stock buildup at PolyG distributed. That was 1.7 million SEC. But for the whole year, we are still around zero in inventory buildup. The share of sales is a little bit the same as last year, 57% in PolyG versus 43% in AdMaster. Last year, it was 59% versus 41%. Admaster had an increase with 48% versus last year, while Polygine had 37%. And the big increase, if you look from a regional point of view, we can see in EMEA, with an increase...