Functional Wood the big explainer
OrganoClicks Q2 report came in below our expectations. Sales came in 11 % below our expectations (SEK 40m vs. ABGSCe 45m). On a segment level the biggest explainer to the miss is the Functional Wood segment, which came in 14% below our expectations at sales of SEK 25m vs. ABGSCe 29m. The global timber prices have meant hurt volumes for OrganoClick. The input prices have also meant that the company has shifted volumes to Q3 where the company has been able to hike prices, which should support financials during H2’21.
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