Nexam Chemical Holding AB (publ) Year-End Report 1 January – 31 December 2022
Increased margins during the quarter in a challenging market
Fourth quarter at a glance
Significant events during the quarter:
Sales decreased by 2% in the quarter but margin increased from 36% to 39%, compared with the corresponding quarter in 2021.
Performance Masterbatch decreased revenue by 4% and Performance Chemical by 1%, compared with the corresponding quarter in 2021.
Continued success in South Koreas in Reactive Recycling in the form of new orders to a value of SEK 2m.
Christer Svanberg started as new CTO during November.
Finished the installation of new machine line in Lomma.
Financials during the fourth quarter 2022:
Net sales during quarter amounted to SEK 55,706,000 (57,052,000).
The operating profit before depreciation (EBITDA) for the quarter was SEK – 1,393,000 (1,204,000).
The adjusted operating profit before depreciation (Adj EBITDA) for the quarter was SEK – 659,000 (1,204,000). The adjustment is related to costs for reorganisation of sales department.
Cash flow from the operating activities during the quarter amounted to SEK – 4,323,000 (15,305,000).
Earnings per share before and after dilution amounted to SEK -0.03 (-0.02) for the quarter.
Financials during January to December 2022:
Net sales for the full year amounted to SEK 221,756 (219,452,000).
The operating profit before depreciation (EBITDA) for the for the full year amounted to SEK 112,000 (6,297,000).
The adjusted operating profit before depreciation (Adj EBITDA) for the full year amounted to SEK 846,000 (7,605,000). The adjustment is related to costs for reorganisation of sales department.
Cash flow from the operating activities for the full year amounted to SEK – 11,100,000 (7,255,000).
In comparison to the beginning of the year, cash and cash equivalents amounted to SEK 22,875,000 (63,601,000).
Earnings per share before dilution amounted for the full year to SEK -0.15 (-0.07) SEK and after dilution to SEK -0.15 (-0.06).
The Board proposes no dividend for the year 2022.
Lomma 26 January 2023
The Board of Directors
These financial statements haven’t been reviewed by the Company´s auditor.
Nexam Chemical presents the year-end report for 2022 on January the 26th at 11:00 CET.
The presentation will be held in Swedish via the following link: https://youtu.be/sWQJ7A_Gapw
Note: This press release has been translated from Swedish. The Swedish text shall govern for all purposes and prevail in case of any discrepancy with the English version.
For further information please contact:
Johan Arvidsson, CEO, +46-708 97 44 39, firstname.lastname@example.org
FNCA Sweden AB, email@example.com
This information is information that Nexam Chemical Holding AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 08:18 CET on 26th of January 2023.