Nexam Chemical Holding AB (publ) Interim Report 1 January – 30 September 2022
10/20/2022
Growth with increased margins during the quarter
Third quarter at a glance
Significant events:
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Sales increased by 13% in the quarter and margin from 36% to 39%.
Performance Masterbatch increased by 9% and Performance Chemical by 17%, compared with the corresponding quarter in 2021.
Takes the first major order in South Korea within Reactive Recycling to a value of SEK 1m.
Christer Svanberg hired as new CTO, starts in November.
Started the installation of new machine line in Lomma.
Financials:
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Net sales during quarter amounted to SEK 56,719,000 (50,229,000).
The operating profit before depreciation (EBITDA) for the quarter was SEK 745,000 (1,046,000).
In comparison to the beginning of the year, cash and cash equivalents amounted to SEK 36,114,000 (63,601,000).
Cash flow from the operating activities during the quarter amounted to SEK – 9,340,000 (- 4,178,000). The negative cash flow during the quarter is driven by inventory build-up in connection with the installation of a new production line.
Earnings per share before and after dilution amounted to SEK -0.05 (-0.02) for the quarter.
Lomma 20 October 2022
The Board of Directors
These financial statements have been reviewed by the Company´s auditor.
Presentation:
Nexam Chemical presents interim report for Q3 2022 on October the 20th at 11:00 CET.
The presentation will be held in Swedish via the following link; https://www.youtube.com/watch?v=x1v0Q0D6ayQ
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, johan.arvidsson@nexamchemical.com
Certified Adviser:
FNCA Sweden AB, info@fnca.se
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 08:00 CET on 20th of October 2022.