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Article Date: April 2022
Word Count: 152

Polygiene Posts Lower Profit despite Sales Gain


Net sales were up 8% to 45.1 million Swedish kronor ($4.8 mm) at the antimicrobial fabric treatment company, as stable textile demand offset supply chain issues exacerbated by Chinese lockdowns. The sports category, still the largest within the Freshness segment, warded off the supply headwinds to turn in low-single-digit growth, boosted by the category’s largest customer upping order value by over 42% in the quarter. Gross margin improved 220 b.p. to 67.0%, though operating profit before ... Log in to view full article.

 


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