Nexam Chemical Holding AB (publ) Interim Report 1 January – 30 June 2018
08/16/2018
Continued positive development in the business
Second quarter at a glance
Operational:
NEXAMITE® qualified in commercial standard product.
Organization strengthened with additional key resources.
Increased extruder capacity in Hungary.
Purchasing project initiated to reduce material cost.
High utilization of capacity in St Andrews leads to increased outsourcing of intermediary products.
Financials:
Net sales for the second quarter totaled SEK 27,623,000 (4,577,000).
The operating loss before depreciation (EBITDA) for the quarter SEK -471,000 (-5,209,000).
In comparison to the beginning of the year, cash and cash equivalents amounted to SEK 68,973,000 (86,407,000).
Cash flow from operating activities during quarter was SEK -2,257,000 (-4,762,000).
Result per share after dilution for the quarter was SEK -0.04 (-0.09).
Lomma 16 August 2018
The Board of Directors
These financial statements have not been reviewed by the Company´s auditor.
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:
Anders Spetz, CEO, +46-703 47 97 00, anders.spetz@nexamchemical.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 08:00 CET on August 16, 2018.
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About Nexam Chemical
Nexam Chemical develops technology and products that make it possible to significantly improve the production process and properties of most types of plastics in a cost-effective manner and with retained production technology. The improved properties include strength, toughness, temperature and chemical resistance as well as service life. The improvements in properties that can be achieved by using Nexam Chemical’s technology make it possible to replace metals and other heavier or more expensive materials with plastics in a number of applications. In applications where plastic is already used, Nexam Chemicals products can improve the manufacturing process, reducing material use and enable more environmental friendly alternatives. Example of commercial applications: pipe manufacturing, foam production and high-performance plastics. More information about the business will be found on http://www.nexamchemical.com. The company´s Certified Adviser is FNCA Sweden AB.