Polygiene AB (publ.) Interim Financial Statements 1 January – 30 June 2016

Continued growth with strategic market activities

Net revenues for Q2 increased by 21%. Excluding exchange rate effects the
increase was 24%. For the first six months of the year, net revenues increased
51% in SEK and 52% excluding exchange rate effects.
Financial trends in brief

Key ratios        Apr    Apr    Jan    Jan  Rolling 12 mos.  Whole year
                 -Jun   -Jun   -Jun   -Jun
                2016   2015   2016   2015
Net sales        13.0   10.7   26.4   17.5             60.4        51.5
Operating        –2.3    0.6   –3.6    0.7              1.3         5.6
profit EBIT,
MSEK
Profit after     –2.3    0.6   –3.6    0.7              4.9         9.2
tax, MSEK
Operating       –17.6    5.8  –13.7    3.7              7.3        10.9
margin EBIT, %
Operating       –17.6    5.8  –13.7    3.7              8.1        17.8
margin after
tax, %
Earnings per    –0.13   0.04  –0.20   0.04             0.27        0.55
share, SEK
Cash flows       –0.8   –1.1   –3.9   –1.7             19.3        21.5
MSEK

Q1 profits were impacted by planned increased marketing activities and hiring,
plus expenses related to the share listing on Nasdaq First North. Q2 investment
in PR and marketing activities increased MSEK 2.4 over the same period the
previous year. These investments increased MSEK 4.3 for the first six months of
the year.

Significant event for the period (April–June)

In a new segment
Polygiene took a first step into the personal protective equipment and uniforms
for work with the US firm Propper, that now advertises they deliver a new
collection of high performance underclothing for users with extremely high
demands, such as military and rescue services personnel.

New partnership in Footwear
Converse Footwear Co., Ltd. (Japan) is the first brand for shoes to introduce
the advantages of Polygiene Odor Control Technology to Japanese consumers. This
will be through the groundbreaking 2016 Converse Spring/Summer “Whiteplus
collection”. The partnership with Converse Footwear (Japan) gives Polygiene a
foothold in a new market where odor-free shoes shows significant potential among
odor-conscious consumers.

Polygiene in partnership with HJC, global manufacturer of motorcycle helmets
HJC, the global leading Korean manufacturer of motorcycle helmets, are
introducing helmets with odor control in partnership with Polygiene. Starting in
the 2016 spring/ summer season Polygiene will be used in every version of their
RPHA 11, one of the company’s most advance models. Our partnership with HJC
gives Polygiene a strong presence in the fast growing segment of motorcycle
helmets. The respected HJC brand, known for their innovation strength, is the
largest provider to the US market, with a strong presence in Europe, too.

Polygiene and White Sierra partnering to deliver odor-free garments for the
“outdoor” market
White Sierra is a US family business providing clothes for all kinds of outdoor
activities for the entire family, including skiing, winter activities, hiking,
fishing and other family activities. White Sierra will introduce the advantages
of “Polygiene Odor Control Technology” to their garments in their “Trail” and
“Travel” collections in spring 2017.

New board member
Jonas Sjögren, CEO for Discovery Networks Sweden, was elected new member of the
Board of Polygiene AB (publ) at the AGM 11 May 2016.

Significant events after the period end

Share options
In 2014, Polygiene issued 6,000 warrants to staff and members of the board
which, after recalculation based on the share split implemented in fall 2015,
entitle holders to subscription of 1,200.00 in total at a purchase price of SEK
3 per share. As of 19 July 2016, all the warrants in this program where
exercised in subscription for shares. After registration of the new shares, the
total number of outstanding shares in Polygiene AB will increase from 19,316.000
to 20,516,000 and the share capital will increase from SEK 1,931,600 to
2,051,600.

Malmö 25 August, 2016
The Board

This information is information that Polygiene AB (publ.) is obliged to make
public pursuant to the EU Market Abuse Regulation and the Securities Markets
Act. The information was submitted for publication, through the agency of the
contact person set out above, at 12.00 CET on August 25, 2016.
For more information, please contact:
Christian von Uthmann, CEO, Polygiene
Cell: + 46 (0)70 319 77 21, e-mail: cvu@polygiene.com
About Polygiene
Polygiene is the world-leading provider of odor control technology and Stay
Fresh solutions for clothing, sports equipment, lifestyle textiles and other
materials to help people stay fresh and confident. Polygiene brings the
Scandinavian values of quality and care for the environment to life through its
products. More than 100 global premium brands have chosen to use Polygiene Odor
Control Technology in their products. Established in 2006, the company is listed
on Nasdaq First North in Stockholm, Sweden. Remium Nordic AB acts as its
certified adviser.