Ekomarine
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Ekomarine - overview
Established
2002
Location
Stockholm, -, Sweden
Primary Industry
Chemicals
About
Ekomarine AB develops eco-friendly marine coatings, focusing on innovative solutions that protect vessels while preserving marine ecosystems. Their flagship product is designed to meet the evolving needs of both recreational and commercial boat owners. Founded in 2002 and headquartered in Stockholm, Sweden, Ekomarine AB specializes in marine coatings. The company has successfully launched its flagship product, NeptuneFormula New Generation, in 2019, addressing the challenge of fouling from marine organisms that increases fuel consumption.
The company has undergone strategic shifts to enhance its market presence, particularly through social media engagement. In 2013, ACACIA Asset Management acquired a minority stake in Ekomarine Paint AB, enhancing its investment profile. The firm has participated in a total of 1 deal. Ekomarine AB specializes in environmentally safe marine coatings, with its flagship product being the NeptuneFormula New Generation, a boat bottom paint designed to protect vessels while minimizing ecological impact.
This innovative product targets both recreational and commercial boat owners seeking sustainable solutions for marine maintenance. The company's clientele includes individual boat owners, retailers, and marine service providers across Europe and select regions in North America and Asia, where there is an increasing demand for environmentally friendly marine products. Ekomarine's active social media strategy aims to enhance customer engagement and provide timely updates about their offerings. In the most recent year, Ekomarine AB reported revenue of USD 6,795.
50 mn and an EBITDA of USD 3,338. 20 mn. The company's revenue primarily comes from direct-to-consumer sales and partnerships with retailers and wholesalers, focusing on its NeptuneFormula New Generation product, which is positioned as a premium offering in the marine coatings market. Ekomarine AB is poised for growth with plans to expand its product line, including upcoming iterations of NeptuneFormula designed for broader applications in the marine industry.
The company aims to enter new markets in North America and Asia by 2024, capitalizing on the growing demand for eco-friendly solutions. The funding acquired from ACACIA Asset Management in June 2013 is expected to support these initiatives, enhancing product development and market expansion efforts.
Current Investors
ACACIA Asset Management
Primary Industry
Chemicals
Sub Industries
Paints & Coatings
Website
http://www.ekomarine.se/
Verticals
Manufacturing
Company Stage
Mature - Buyout
Total Amount Raised
Subscriber access only
Ekomarine - timeline of key events
Ekomarine - financials
| Fiscal Year Ended | Aug 31, 2011 | Dec 31, 2012 | Dec 31, 2013 | Dec 31, 2014 | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | - | - | 99,626 | 69,713 | 67,045 | 18,055 | 137,375 | 70,535 | 221,256 | 123,736 | 442,175 | - | - | - |
| % Revenue Growth (YoY) | - | - | - | (30.0%) | (3.8%) | (73.1%) | 660.9% | (48.7%) | 213.7% | (44.1%) | 257.4% | - | - | - |
| EBITDA (USD) | (5,250) | (350,986) | (435,372) | (564,331) | (631,664) | (497,921) | (100,482) | (138,440) | (150,927) | 19,898 | (1,227) | - | - | - |
| Operating Income (USD) | (5,250) | (350,986) | (435,372) | (564,331) | (631,664) | (497,921) | (100,482) | (138,440) | (150,927) | 19,898 | (1,227) | - | - | - |
| Operating Margin | - | - | (437.0%) | (809.5%) | (942.1%) | (2757.8%) | (73.1%) | (196.3%) | (68.2%) | 16.1% | (0.3%) | - | - | - |
| % EBITDA Margin | - | - | (437.0%) | (809.5%) | (942.1%) | (2757.8%) | (73.1%) | (196.3%) | (68.2%) | 16.1% | (0.3%) | - | - | - |
| NET Income (USD) | (3,815) | (349,736) | (405,016) | (553,153) | (631,158) | (497,980) | (100,925) | (138,440) | (150,932) | 19,898 | (1,227) | - | - | - |
| % Net Margin | - | - | (406.5%) | (793.5%) | (941.4%) | (2758.1%) | (73.5%) | (196.3%) | (68.2%) | 16.1% | (0.3%) | - | - | - |
Ekomarine - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Buyout | Completed | Ekomarine | - |
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Ekomarine - employee data
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