Polygiene, the Swedish company that provides odor treatment for sports, outdoor and other products, has upped its target for the period from 2017 to 2022, aiming to reach sales of more than 400 million Swedish kronor (€41.9m-$50.6m) through organic growth, and an operating margin (Ebit) of more than 20 percent by 2022 at the latest. The target was issued after Polygiene reported that its sales increased by 28.2 percent to SEK 16.7 million (€1.8m-$2.1m) for the second quarter. They yielded an adjusted operating loss of SEK 2.3 million (€0.24m-$0.29m), a little narrower than the negative figure of SEK 2.7 million for the year-ago period. Polygiene anticipates sales of SEK 80 million (€8.4m-$10.1m) for the full year, with an adjusted operating margin of 8.3 percent. The second quarter was marked by an expansion of Polygiene's partnership with Goldwin, the Japanese sportswear brand, to include the Ellesse brand in Japan. About 15 percent of the items in its spring range comes with Polygiene's permanent odor control. After the end of the quarter, Polygiene worked with Hanesbrands in Japan to get its odor control technology into Champion-branded garments. The Swedish company adjusted its leadership in May, when Richard Tooby replaced Lennart Holm as chairman of the board. Around the same time, Ulrika Björk joined as chief financial officer, after previous assignments at Hemmakväll, Ikea, Stena Line and Kemira. Polygiene also announced in August that it appointed Judd Salvas as commercial operations director for North America. He has a track record of more than ten years in the outdoor industry, previously working as a sales representative for KNS Reps.

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