Swedish Polygiene announces new financial targets for 2022-26
“This is an ambitious goal but completely realistic based on the development the company has had in recent years. We continue to see strong organic growth in the existing business while we open up for new strategic acquisitions,” says Jonas Wollin, Chairman of the Board of Polygiene.
The market for antimicrobial treatments is forecast to grow with a CAGR of 10 percent in the coming years, and Polygiene Group, which is active in this expanding market, sees good opportunities to gain market share at a faster growth rate. The two main driving forces that suggest that the company will succeed are on the one hand the increased focus on sustainability we see in the textile industry where Polygiene has successfully positioned itself, and on the other hand the increased awareness of viruses, bacteria and hygiene in general after the ongoing pandemic , says Polygiene in a press release.
The board and management of Polygiene, a leader in odor control technology, have set new financial targets for the period 2022-2026. According to the new goals, the company with headquarters in Sweden will have a turnover of more than SEK 1,000 million and an EBIT margin of over 30 percent by 2026.
With strong momentum in the US, increased presence in Europe and relative potential, in East Asia a still largely untouched geography, we see strong growth in all strategic regions. Against this background, Polygiene Group has a unique position to build a company with a turnover of SEK 1,000 million that puts Sweden on the map as a world leader in value-creating stays fresh technologies.
“In addition to growing our existing business, we see underlying growth strategies primarily in new applications and in new segments. To remain at the forefront of the industry, product development will be a significant part of the innovation roadmap. In addition, we will continue to successfully build our brand awareness. and presence and increase investment in the market to reach out with our message, ”he said Ulrika Björk, CEO of Polygiene.
“The important sustainability work will continue and intensify in 2022, where the focus is on generating value-creating data, specifically regarding the company’s own climate footprint, but also the reduced environmental impact from a treated product,” Björk concluded.
Fibre2Fashion News Desk (RR)